Recent Articles
Oil and Gas Equities Weekly Review, March 11, 2018
Mar 10, 2018 Trading Blog Comments Off on Oil and Gas Equities Weekly Review, March 11, 2018
Energy is teasing us. XOP consolidation continued this week and we ended at 34.77, or up about 63 cents for the week. The sector got so close to breaking out, but it just couldn’t seem to get over the hump at 35. While the […] Continue Reading…
Oil and Gas Equities Weekly Review, March 4
Mar 4, 2018 Trading Blog Comments Off on Oil and Gas Equities Weekly Review, March 4
In last week’s review, I posted a list of things that could possibly turn the sector positive and it appears that some of those are indeed taking hold. I was bearish going into this past week, but was on the lookout for things possibly moving […] Continue Reading…
Oil and Gas Equities Outlook for Friday, March 2, 2018
Mar 2, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Friday, March 2, 2018
The XOP finally showed some signs of strength on Thursday as it finished the day up about 1% in an overall market that was down about 1.5%. It was some rare relative strength that I haven’t seen in weeks.
The real question is what is […] Continue Reading…
Oil and Gas Equities Outlook for Monday, February 26, 2018
Feb 26, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Monday, February 26, 2018
I posted some concerns about my current bearish thesis yesterday and it looks like several of them are continuing Monday morning. The EURO is up strongly +.3%, GLD is up +.7%, TLT is green +.3% and the SPY is stronger by about +.4%. I […] Continue Reading…
Energy Sector Weekly Review
Feb 24, 2018 Trading Blog Comments Off on Energy Sector Weekly Review
The SPY and XOP both had great days on Friday, closing near their highs for the week. The action was as bit suspicious though, as most of the gains were made on a last hour spike in a very low volume environment. I don’t […] Continue Reading…
Oil and Gas Equities Outlook for Friday, February 23, 2018
Feb 23, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Friday, February 23, 2018
The overall market had some underlying strength on Thursday and that allowed some buyers to come in and pick up some bargains. I don’t think it continues, but it was nice to see that the sector isn’t completely dead. The range and volume on […] Continue Reading…
The Bear in the Mirror
Feb 19, 2018 Trading Blog Comments Off on The Bear in the Mirror
I spent the entire four day weekend trying to shake this huge bearish bias, but so far, absolutely no luck. I want to be bullish, mostly because everyone else is, but it just isn’t happening for me right now. It’s really lonely being the […] Continue Reading…
Oil and Gas Equities Outlook for Wednesday, February 14, 2018
Feb 14, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Wednesday, February 14, 2018
We went from huge volume and all the action I could handle to almost a complete stop in one day. The XOP volume on Tuesday dropped to about 10.8 million shares, which is about a third of where we had been running over the […] Continue Reading…
Oil and Gas Equities Outlook for Tuesday, February 13, 2018
Feb 13, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Tuesday, February 13, 2018
We got the Monday bounce that almost everyone was expecting, which pushed the XOP up 2.6% to a closing price of 33.23. The overall market also bounced about 1.5%, with the SPY closing at 265.16. The real key now is to see if it […] Continue Reading…
One Trader’s Opinion on the Market Pullback
Feb 10, 2018 Trading Blog Comments Off on One Trader’s Opinion on the Market Pullback
This past week was one of the most interesting weeks that I can remember in a long time. It is exactly why I chose to become a trader and a participant in the most fascinating game ever created. I can’t even imagine the boredom […] Continue Reading…