Recent Articles

Energy Equities Outlook and Trading Plan for August 19-23

E&P’s finally got a bounce late in the week and could be looking to make a move for at least another 2-3 days before hitting some supply. I don’t think they have seen the final bottom, but this was definitely a great opportunity for […] Continue Reading…

Energy Equities Outlook for the Week Aug 5-9

$XOP is getting closer to that final washout and this past week’s price action was encouraging. There was a huge volume day on Thursday of ~56 million shares traded that took price down toward the 23 level. That was followed by a much lighter […] Continue Reading…

$COG Trade Errors and Outlook for the Week Ahead

It was such a good week, right up until Friday morning and the COG trade. I dropped the entire week’s profits on that trade and had to cut it near the lows of the day. That close near the lows was a pretty good […] Continue Reading…

Energy Equities Outlook and Trading plan for July 1-5

Energy is still languishing way behind the rest of the market, even with the recent attempt to bounce off the bottom. The SPY is hitting new all time highs, WTI is flirting with $60 and the E&P’s are still doing nothing. What else do […] Continue Reading…

Energy Equities Outlook and Trading Plan for June 10-14

It was a crazy market week and I’m just going to be honest up front and say that I don’t understand it at all. I do have a theory though. Also, it seems like the Mexico tariff issue has been resolved, so this market […] Continue Reading…

Energy Trade Plan and Outlook for June 3-7

The bears continued to win last week with the XOP opening Tuesday at 27.19 and grinding a smooth path downward to close at 25.63. The selling was very controlled and orderly, so I’m thinking the bottom isn’t in yet and we will soon get […] Continue Reading…

Energy Sector Thoughts for the Next Couple Weeks

Last week was an ugly one for the bulls as the XOP finally broke out of the three week range and hit a low of $26.72. That low took out the early February and early March low points. It seems that the E&P’s are […] Continue Reading…

Trade Plan for the Week of May 13

I haven’t been following the energy sector as closely as usual over the last couple of weeks simply because the trading range has been so small that the opportunities just aren’t there for me. The XOP has moved for the first 30-60 minutes most […] Continue Reading…

Trading Plan for Monday, April 8, 2019

This past week was difficult for me, as my overall bias for the E&P’s was bearish, which is exactly opposite of the action toward the end of the week. I didn’t think they would break out past 31.55 so easily and I missed the […] Continue Reading…

Trading Plan for Thursday, April 4, 2019

The energy sector had its first significant down day in awhile with the XOP dropping 2.3% and the XLE down 1%. The question now is, was this just a normal pullback day or the start of something more serious?

 

The concern for me is the […] Continue Reading…