Recent Articles
Oil and Gas Stocks Outlook for Thursday, September 14
Sep 13, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Thursday, September 14
Here’s to you Jim Chanos, hope you had a great day with those shorts, LOL. (Edit: First, I have no problem with Chanos or Buffett and definitely don’t ever want to make fun of anyone losing money, that is just bad Karma. What I […] Continue Reading…
Oil and Gas Stocks Outlook for Wednesday, September 13
Sep 12, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Wednesday, September 13
Some days in trading just don’t go well, and Tuesday was one of those days for me. I missed a nice trade and run up to 31.15, but did manage to get a good price for my longs that I was holding from last […] Continue Reading…
Oil and Gas Stocks Outlook for Tuesday, September 12
Sep 11, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Tuesday, September 12
Good volume on Monday, just no real tradable range. Only 50 cents between high and low, and most of that was in the first 30 minutes. From 11:30 to 4:00, the range was less than 30 cents. The XOP just isn’t tradable intraday. I’m […] Continue Reading…
A Review of XOP Volume
Sep 10, 2017 Trading Blog Comments Off on A Review of XOP Volume
I am basically a technical trader, and the only two pieces of information that really mean much to me are price and volume. On most days, it is volume that is the more important of the the two. I used to be a huge […] Continue Reading…
Oil and Gas Stocks Outlook for Friday, September 8
Sep 8, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Friday, September 8
It’s going to be a short report today. Absolutely terrible XOP trading conditions the last couple days, with most of the day just sitting in a tight range. I have had two trading opportunities this week, which is very rare, most weeks have 10-15 […] Continue Reading…
Oil and Gas Stocks Outlook for Thursday, September 7
Sep 7, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Thursday, September 7
It was a very flat day for the XOP on Wednesday and offered nothing for us daytraders. We got the first hour ramp up of about 50 cents and then it just sat in a 20 cent range for the next 5.5 hours. It […] Continue Reading…
Oil and Gas Stocks Outlook for Wednesday, September 6
Sep 6, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Wednesday, September 6
XOP still seems to be in a low volume phase, only about 11 million shares traded Tuesday. I was hoping volume would return a little better after the holiday, but it really didn’t. The range of 87 cents was a bit bigger than normal, […] Continue Reading…
Oil and Gas Stocks Outlook for the Week
Sep 3, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for the Week
Quite honestly, I spent much of the past week being wrong. Luckily, it didn’t cause losses, because I didn’t fight the market or short when I realized I was wrong. And the longs I had from Monday and Tuesday did show a profit on […] Continue Reading…
Oil and Gas Stocks Outlook for Friday, September 1
Aug 31, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Friday, September 1
Thursday was one of those good news / bad news type deals. First the good news, we had about double the volume that we had on Wednesday, doing about 13 million shares today. The bad news, price ran up into that 30-33 range and […] Continue Reading…
Oil and Gas Stocks Outlook for Thursday, August 31
Aug 30, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Thursday, August 31
Just when you think it can’t get anymore boring, XOP goes and has the lightest volume day of the year, 6.9 million shares. The 14 day ATR on the XOP has squeezed down to just 68 cents. I’m not sure how many of you […] Continue Reading…