Recent Articles
Trading Plan for Monday, March 18, 2019
Mar 18, 2019 Trading Blog Comments Off on Trading Plan for Monday, March 18, 2019
I posted this week’s decision tree on Twitter (which you can see on the right side of the page). Three major options for trading this week, all set out below.
Volatility was very low Wednesday through Friday for the XOP, which could be suggesting that […] Continue Reading…
Trading Plan for Friday, March 15, 2019
Mar 15, 2019 Trading Blog Comments Off on Trading Plan for Friday, March 15, 2019
Thursday ended up being a real dud. It was simply a day of indecision as the SPY put in an inside day with a very small range of just $1.17. While most will probably view it as a meaningless day, I think it probably […] Continue Reading…
Trading Plan for Thursday, March 14, 2019
Mar 14, 2019 Trading Blog Comments Off on Trading Plan for Thursday, March 14, 2019
Today is decision day for the XOP. On Sunday I posted my plan for the week and the 30 level is where I had the market running into big supply. The E&P’s hit 30.16 on a spike after the EIA number and then consolidated […] Continue Reading…
Trading Plan and Swing Trade Ideas for Wednesday, March 13, 2019
Mar 13, 2019 Trading Blog Comments Off on Trading Plan and Swing Trade Ideas for Wednesday, March 13, 2019
It’s been a pretty slow week so far with decent moves in the first hour or two and then absolutely nothing to trade after 11 am. Market having some hesitation about moving out of the top of the range, but I think it takes […] Continue Reading…
Trading Plan for Tuesday, March 12, 2019
Mar 12, 2019 Trading Blog Comments Off on Trading Plan for Tuesday, March 12, 2019
SPY – I completely missed it Monday and wasn’t expecting that kind of upmove at all. The momentum could continue Tuesday. The 200 day ma sitting around 275, combined with Monday’s low of 275.23 should make a very well defined stop for any long […] Continue Reading…
Trading Plan for the Week of March 11-15
Mar 10, 2019 Trading Blog Comments Off on Trading Plan for the Week of March 11-15
I posted the decision tree chart for $XOP on Twitter. I’ll go into the details here.
The plan for the next couple weeks takes a look at five different paths for the XOP, three of them are tradable, two of them are not. The two […] Continue Reading…
Overall Market and Energy Direction Outlook
Feb 24, 2019 Trading Blog Comments Off on Overall Market and Energy Direction Outlook
Sitting here this morning looking at charts trying to get some idea of how to plan out the next month of trading. There seem to be two popular outlooks around Twitter. One view is that we are about to break out to the upside […] Continue Reading…
Energy Sector Notes, Week Review and 2/11-2/15 Preview
Feb 10, 2019 Trading Blog Comments Off on Energy Sector Notes, Week Review and 2/11-2/15 Preview
I’ve been lazy making my energy sector notes, but I’m trying to get myself back in the habit of writing at least once a week. I use this site as a way to organize, so it is really just a record of my trading […] Continue Reading…
How I Track the XOP: Developing Intuition with Consistent Metrics
Nov 24, 2018 Trading Blog Comments Off on How I Track the XOP: Developing Intuition with Consistent Metrics
I’m not one of those traders who lives by the theory that trading must consist of an absolute set of rules and indicators which must never be deviated from. Over 19 years I’ve become mostly a discretionary trader, a combination of art and science. […] Continue Reading…
Energy Sector Trading Plan November 19-23
Nov 18, 2018 Trading Blog Comments Off on Energy Sector Trading Plan November 19-23
The last six weeks have offered some great trading opportunities in the upstream E&P subsector of energy. Most of the opportunities have been on the short side, but the rips back to the upside have been pretty good too, if you can find the […] Continue Reading…