Recent Articles
Oil and Gas Equities Outlook for Thursday, February 8, 2018
Feb 8, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Thursday, February 8, 2018
I really thought we had a chance to make a run yesterday, but the SPY ran smack into the 50 day ma and reversed. Once we got back inside Tuesday’s range at 269.70, it was back to being advantage shorts. We bounced across that […] Continue Reading…
Oil and Gas Equities Outlook for Wednesday, February 7, 2018
Feb 7, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Wednesday, February 7, 2018
Just a short note today, kid and wife both home because of an ice storm last night, so I’m probably keeping it somewhat light on trading today since the concentration level is always a little lower with a full house.
It was a pretty good […] Continue Reading…
Oil and Gas Equities Outlook for Tuesday, February 6, 2018
Feb 6, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Tuesday, February 6, 2018
The energy sector got crushed again and we have run from 40 all the way down to 34 in about 8 trading days. This is one of those things you know can happen, but that you never really expect to see. This is the […] Continue Reading…
Oil and Gas Equities Outlook for Monday, February 5, 2018
Feb 4, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Monday, February 5, 2018
What a disaster for the bulls on Friday! The XOP finished the day down about 4.3%, closing at 35.51. Exxon and Chevron just crushed the sector with their earnings reports, while the the SPY also had one of its worst days in a long […] Continue Reading…
Oil and Gas Equities Outlook for Thursday, February 1, 2018
Feb 1, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Thursday, February 1, 2018
Not much action on Wednesday after a sizable build on the EIA number, but the index held up pretty well hanging around the Tuesday lows of 36.76 for most of the day. It seemed like a bit of consolidation going on, but no real […] Continue Reading…
Oil and Gas Equities Outlook for Wednesday, January 31, 2018
Jan 31, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Wednesday, January 31, 2018
Well, we are finally getting the long awaited pullback and now I’m starting to see FinTwit move all the way to the other side of the boat calling for total collapse. That is a clear sign of traders with absolutely no plan. Is there […] Continue Reading…
Oil and Gas Equities Outlook for Tuesday, January 30, 2018
Jan 30, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Tuesday, January 30, 2018
Monday was cruising along just fine until about 3 pm EST and then the bottom just fell out. It really looked like price was going to regain last week’s range at 38.70, but when that failed things got really ugly and when the dust […] Continue Reading…
Oil and Gas Equities Outlook for Monday, January 29, 2018
Jan 28, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Monday, January 29, 2018
It was a frustrating trading week as the XOP opened on Monday at 38.73 and finished the week barely higher at 39.06. All week I fought with this issue: Is the sector just consolidating here getting ready for a big leg up OR is […] Continue Reading…
Oil and Gas Equities Outlook for Thursday, January 25, 2018
Jan 25, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Thursday, January 25, 2018
Wednesday was another day of quiet consolidation just under the highs. We have one of two things going on here, either the sector is consolidating just under the highs getting ready for another big leg higher OR the huge S&P500 run is just propping […] Continue Reading…
Oil and Gas Equities Outlook for Tuesday, January 23, 2018
Jan 23, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Tuesday, January 23, 2018
There isn’t much to write about today, this market is purely a one way train and all you can do is buy. It is a pure greed-fest. It is in such a momentum driven overbought state that technicals are fairly useless. While some people […] Continue Reading…