Recent Articles
Oil and Gas Equities Outlook for Thursday, January 18, 2018
Jan 18, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Thursday, January 18, 2018
It was another meltup day for the SPY, and it pulled everything up with it, including the XOP. Yes, this market is overbought, but that doesn’t mean that it can’t keep going up. Things can go much further than you think.
Luckily, I covered my […] Continue Reading…
Oil and Gas Equities Outlook for Wednesday, January 17, 2018
Jan 17, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Wednesday, January 17, 2018
We finally got the long awaited pullback on Tuesday, but I’m not really sure how far this one is going to go. We are currently in a bit of an overbought condition, so there is likely still some upward momentum still lurking which may […] Continue Reading…
Oil and Gas Equities Outlook for Tuesday, January 16, 2018
Jan 15, 2018 Trading Blog Comments Off on Oil and Gas Equities Outlook for Tuesday, January 16, 2018
Wow. What else can you say about this strength in the XOP and crude itself? There is way more strength here than I expected, but the question remains, how long will this strength last? The XOP is pressing right up against the upper channel […] Continue Reading…
Oil and Gas Stocks Outlook for Friday, January 12, 2018
Jan 12, 2018 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Friday, January 12, 2018
What a surprise day on Thursday and definitely not what I was looking for. The 6 day range for the XOP was broken to the upside on heavy volume, but still didn’t really offer a confirmation that we are moving up from here. I’m […] Continue Reading…
Oil and Gas Stocks Outlook for Thursday, January 11, 2018
Jan 11, 2018 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Thursday, January 11, 2018
On Wednesday, the XOP had only the second significant down day since this run began back on December 15. Price has run up against some market structure from fall 2016 and spring 2017 in the 39 area and is trying to consolidate for another […] Continue Reading…
Energy Stocks Outlook and Trading Plan for Monday, January 8
Jan 7, 2018 Trading Blog Comments Off on Energy Stocks Outlook and Trading Plan for Monday, January 8
It was a slow week to start the year with the wife off work and kids out of school for most of the week due to the weather, but it did give me time to focus on shifting my trading timeframe from my normal […] Continue Reading…
Outlook for the New Year, Tuesday, January 2
Jan 1, 2018 Trading Blog Comments Off on Outlook for the New Year, Tuesday, January 2
Hope everyone had a great holiday break. It was a good time to relax and hang out with family and recharge for the new year. I feel excited to start the new year and will try to make the blog an everyday part of […] Continue Reading…
Oil and Gas Stocks Outlook for Tuesday, December 19
Dec 18, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Tuesday, December 19
Welcome to volatile holiday trading. The XOP made a big move up after four straight down days and the question now is whether Monday was the start of a rally or just a dead cat bounce.
The natural gas stocks might offer a clue as […] Continue Reading…
Oil and Gas Stocks Outlook and a Bearish Warning for Thursday, December 14
Dec 14, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook and a Bearish Warning for Thursday, December 14
I spent some time last night trying to come up with a bearish gameplan for the XOP and energy stocks just in case things deteriorate. I’m not saying that is where we are going, but it pays to be aware of all possible scenarios […] Continue Reading…
Oil and Gas Stocks Outlook for Wednesday, December 13
Dec 13, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Wednesday, December 13
The XOP made a nice move out of the gate on Monday morning, but it has been fading fast since testing the 36 level around 11 am Monday. We are stuck right on the midline of the mildly upsloping channel that started back on […] Continue Reading…