Recent Articles
Weekly Energy Equities Review, Market Outlook and Trading Plan for October 26-30
Oct 25, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for October 26-30
The XLE had a decent week and remains in that 29.75-31.25 range that began back in mid-September. It was encouraging to see that big gap down on Thursday get bought right back up into the range and nearly make a run all the way […] Continue Reading…
Weekly Energy Equities Review, Market Outlook and Trading Plan for October 19-23
Oct 18, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for October 19-23
The XLE closed a little lower than where it started the week, but the price action was very encouraging. It seems like the sector is getting close to finding some solid demand and turning up for a trend back to the mid to upper […] Continue Reading…
Weekly Energy Equities Review, Market Outlook and Trading Plan for October 12 -16
Oct 11, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for October 12 -16
There’s about three weeks until the election and the SPY is performing well and gaining momentum for the run toward that 380-400 area. It closed the week about 347, so it’s now less than 10% from the target. The market should continue to run […] Continue Reading…
Weekly Energy Equities Review, Market Outlook and Trading Plan for October 5-9
Oct 4, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for October 5-9
Just when I thought the toxic hate of social media couldn’t get any worse, Friday demonstrated otherwise. I’m off Twitter for awhile, I just can’t take the negativity. I’ll be back, just need a break so it doesn’t disturb my mental peace or harm […] Continue Reading…
Weekly Energy Equities Review, Market Outlook and Trading Plan for September 28 – October 2
Sep 27, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for September 28 – October 2
It was a difficult week for my market thesis and it appears that the accumulation range I was watching in the 331-342.50 area really wasn’t an accumulation range at all. Last week’s plan was wrong, but it did provide some useful clues for upcoming […] Continue Reading…
Weekly Energy Equities Review, Market Outlook and Trading Plan for September 21-25
Sep 20, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for September 21-25
This could be a big week for the bulls. The SPY got a much needed washout below the range to clear the weak longs and then managed to bounce just enough to regain the range, which now sets things up for another run on […] Continue Reading…
Weekly Energy Equities Review, Market Outlook and Trading Plan for September 14-18
Sep 13, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for September 14-18
It feels like the market got really close to a final washout on Friday as this latest pullback continued. I think the SPY moves down to test 325 this week and then consolidates for a week or so and then begins that final meltup into […] Continue Reading…
Weekly Energy Equities Review, Market Outlook and Trading Plan for September 8-11
Sep 7, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for September 8-11
The market finally had a much needed correction last week and may be getting ready to make a sharp move upward in what could be an incredible meltup. The correction was strictly a Nasdaq and tech event and was likely caused by option action […] Continue Reading…
Weekly Energy Equities Review, Market Outlook and Trading Plan for August 24-28
Aug 23, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for August 24-28
It wasn’t a great week for energy and definitely not a very productive trading week in the sector. The SPY was green for the week and closed at a new all time high, yet the XLE had five straight red days. The relative weakness […] Continue Reading…
Weekly Energy Equities Review, Market Outlook and Trading Plan for August 10-14
Aug 9, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for August 10-14
Short writeup today. Spent 5 hours rushing my daughter’s cat to the animal hospital. Cat resting but not in great shape, kid is in worse shape. They have been together for 15 years, so it hurts my heart watching this unfold. I’m sure there’s […] Continue Reading…