Recent Articles
Weekly Energy Equities Review, Market Outlook and Trading Plan for August 3-7
Aug 2, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for August 3-7
Sometimes signals from charts are very direct and observable because we are looking for something specific to form on that chart. However, sometimes the best signals result from things that DON’T happen on the chart, especially when we expected something specific to happen. In […] Continue Reading…
Weekly Energy Equities Review, Market Outlook and Trading Plan for July 27-31
Jul 26, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for July 27-31
This should be a big week for energy stocks. The XLE has evolved into a pattern that must resolve itself soon. I’ve posted the rough head and shoulders pattern a couple times on Twitter over the last few weeks and price continues to develop […] Continue Reading…
Weekly Energy Equities Review, Market Outlook and Trading Plan for July 13-17
Jul 12, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for July 13-17
The overall market put in a very strong week and it looks like we are headed up to test the recent highs for the SPY in the 323 area. I was expecting a pullback to 307.50 last week, but the market never really got […] Continue Reading…
New Energy Positions and Trade Plan for Friday, July 10
Jul 9, 2020 Trading Blog Comments Off on New Energy Positions and Trade Plan for Friday, July 10
I picked up a few small energy positions Thursday and wanted to post a little longer note than what I could put on Twitter. I started positions in EOG (45.24), COP (38.74), VLO (50.97), XOM (41.54), SLB (17.34), CXO (48.00) and XLE (34.54). Each […] Continue Reading…
Weekly Energy Equities Review, Market Outlook and Trading Plan for July 6-10
Jul 5, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for July 6-10
Many times my daily trading plans end up in the trash by 9:35 am. This past week was one of those times. I knew in the first 5 minutes last Monday that I had made a mistake in my market view. But those mistaken […] Continue Reading…
Weekly Energy Equities Review, Market Outlook and Trading Plan for June 29-July 3
Jun 28, 2020 Trading Blog Comments Off on Weekly Energy Equities Review, Market Outlook and Trading Plan for June 29-July 3
Hope everyone had a great trading week. I didn’t do much trading in the energy sector this week because my attention was focused on scalp trading the IWM. The range and opportunity in the IWM has been ideal lately, whereas the range in energy […] Continue Reading…
Trading Plan for Friday, June 19
Jun 19, 2020 Trading Blog Comments Off on Trading Plan for Friday, June 19
This has been one of the slowest trading weeks in the last couple of months and the trading plans really haven’t amounted to much this week. We are stuck in a trading range and the only trades available in this environment are very short […] Continue Reading…
Trading Plan for Thursday, June 18
Jun 18, 2020 Trading Blog Comments Off on Trading Plan for Thursday, June 18
Wednesday didn’t have much to offer. Sometimes you can create a plan and it just doesn’t develop. I took the XLE trade on the open but it was pretty clear that it wasn’t going anywhere. I cut it breakeven and I don’t think the […] Continue Reading…
Energy Trading Plan for Wednesday, June 17
Jun 17, 2020 Trading Blog Comments Off on Energy Trading Plan for Wednesday, June 17
Tuesday was 30 minutes of fear and six hours of boredom. Tuesday’s trading plan was decent, but the market moved so fast premarket that I didn’t get an entry on anything. Most energy names broke out of the small bases they were forming and […] Continue Reading…
Trading Plan for Tuesday, June 16
Jun 16, 2020 Trading Blog Comments Off on Trading Plan for Tuesday, June 16
I missed all the energy trades from the weekend trading plan yesterday but was lucky enough to catch the IWM reclaim trade for a nice run from 134 to nearly 140. I think there were many frontrunning the FED announcement, but that move from […] Continue Reading…