Recent Articles

Thoughts on This Week’s Big Energy Move and a Nagging Bearish Bias

I’m conflicted right now. Something changed in a major way last week and it was likely completely external to oil and its fundamentals. I watched my energy names all run about 10% last week and about 25-30% over the last three weeks, but my […] Continue Reading…

Weekly Energy Equities Review, Market Outlook and Trading Plan for November 9-13

It’s going to be a short writeup, just not enough hours in the weekend. I’m probably on the sideline this week, still just too much overall market uncertainty and energy looks horrible. The conspiracy theorist in the back of my head is also screaming […] Continue Reading…

Weekly Energy Equities Review, Market Outlook and Trading Plan for November 2-6

The election is finally upon us and I’ll be glad to see it pass. I hate politics and if there was any way to remove it from my Twitter timeline, and the world for that matter, I would. That’s not to say I don’t […] Continue Reading…

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

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

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

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

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

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

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…