Recent Articles

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…

Trading Plan for Monday, April 1, 2019

Last week was one of the slowest trading weeks I’ve had this year, just a continuous tight range between 30-31. There have been a few opportunities within the range, but I’ve just resigned myself to waiting for the either the breakout at 31.50 or […] Continue Reading…

Trading Plan and Overall Market Outlook for Monday, March 25, 2019

What an ugly day on Friday. The question now is whether this was just a temporary pullback or the start of something serious. It’s probably too early to tell, but by the end of this coming week the answer should be pretty clear.

 

The real […] Continue Reading…

Trading Plan for Thursday, March 21, 2019

A huge EIA draw and an incredibly dovish FED really pumped up the energy sector on Wednesday, but given the magnitude of those events, the move should have been larger. Those two forces probably should have pushed XOP out the top at 31.60, but […] Continue Reading…

Trading Plan for Wednesday, March 20, 2019

Oil is starting to look a little shaky again, which unfortunately is coming just as the XOP was making a run back to the top of the range for a possible breakout. Tuesday’s action was very discouraging for the bulls and left a difficult […] Continue Reading…

Trading Plan for Monday, March 18, 2019

I posted this week’s decision tree on Twitter (which you can see on the right side of the page). Three major options for trading this week, all set out below.

Volatility was very low Wednesday through Friday for the XOP, which could be suggesting that […] Continue Reading…

Trading Plan for Friday, March 15, 2019

Thursday ended up being a real dud. It was simply a day of indecision as the SPY put in an inside day with a very small range of just $1.17. While most will probably view it as a meaningless day, I think it probably […] Continue Reading…

Trading Plan for Thursday, March 14, 2019

Today is decision day for the XOP. On Sunday I posted my plan for the week and the 30 level is where I had the market running into big supply. The E&P’s hit 30.16 on a spike after the EIA number and then consolidated […] Continue Reading…

Trading Plan and Swing Trade Ideas for Wednesday, March 13, 2019

It’s been a pretty slow week so far with decent moves in the first hour or two and then absolutely nothing to trade after 11 am. Market having some hesitation about moving out of the top of the range, but I think it takes […] Continue Reading…