Recent Articles
Oil and Gas Stocks Outlook for Friday, November 3
Nov 3, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Friday, November 3
There wasn’t much XOP action on Thursday as the index seemed to digest the gains that were made on Wednesday. Volume on Wednesday was about 29 million, but the volume Thursday was only around half that at 15 million.
On Wednesday, most of the trading […] Continue Reading…
Oil and Gas Stocks Outlook for Thursday, November 2
Nov 2, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Thursday, November 2
The XOP cleaned up the supply in that 33-35 range and then started chewing into the 35-37 level on Wednesday. After watching yesterday’s action, there appears to be a good bit of supply in that level. Price jumped the 35 mark around 9:45 and […] Continue Reading…
Oil and Gas Stocks Outlook for Wednesday, November 1
Nov 1, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Wednesday, November 1
I expected an important pivotal week and the energy market has not let me down. Today we should get our first look at how the market wants to handle the liquidity that has formed overhead in the last six weeks. Everyone who has shorted […] Continue Reading…
Oil and Gas Stocks Outlook for Monday, October 30
Oct 29, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Monday, October 30
The chart above covers the last two years of price action for the XOP. We are now at a critical spot in determining the direction for the next 6 months. I like the recent price action and am bullish of the energy sector, but […] Continue Reading…
Oil and Gas Stocks Outlook for Thursday, October 26
Oct 26, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Thursday, October 26
Wednesday was not a very positive day for the XOP or the SPY. We had the big XOP drop on Monday to the 50ma, a fight to regain the 50ma on Tuesday and then just a complete failure on Wednesday where we closed below […] Continue Reading…
Oil and Gas Stocks Outlook for Monday, October 23
Oct 23, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Monday, October 23
Let’s hope there is more XOP action this week than there was last week. We are still stuck in that 33.25-34.25 range, with the occasional test of the boundaries of 33.00 and 34.50.
Last week we got a test of the lower boundary in the […] Continue Reading…
Oil and Gas Stocks Outlook for Thursday, October 19
Oct 19, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Thursday, October 19
It was another day of consolidation on Wednesday as the XOP moved back down toward the bottom of the 33.25-34.25 range. Volume was average at around 13 million shares. The move sets us up for a test of the lower boundary of the range […] Continue Reading…
Oil and Gas Stocks Outlook for Wednesday, October 18
Oct 18, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Wednesday, October 18
Not much new to write about today, just a continuation of the existing consolidation that started about three weeks ago. Sector (XOP) still seems to want to rotate between 33.25 and 34.25, with the occasional test of the boundaries around 33.00 and 34.50. Volume […] Continue Reading…
Oil and Gas Stocks Outlook for Monday, October 16
Oct 15, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Monday, October 16
Although it was a horrible week for daytrading, last week went about as expected. After the six week run off the bottom, it was definitely time to consolidate the gains. The XOP has basically been in a $1 range over the last couple weeks […] Continue Reading…
Oil and Gas Stocks Outlook for Thursday, October 12
Oct 12, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Thursday, October 12
Sorry for the lack of posting, but there really just hasn’t been much to say over the last week. It’s just been a sideways grinding market that is consolidating the gains of the last couple months. Yesterday was another quiet one, with a 53 […] Continue Reading…