Recent Articles
Oil and Gas Stocks Outlook for Wednesday, August 30
Aug 30, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Wednesday, August 30
Tuesday went according to plan, just a ranging market which stayed mostly in the 29.20-29.55 value area created on Monday. It did drop out the bottom near 29.00, but recovered easily. There was some selling volume until about 11:20, but when that stopped, price […] Continue Reading…
Oil and Gas Stocks Outlook for Tuesday, August 29
Aug 28, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Tuesday, August 29
Very interesting day on Monday with all the hurricane news and rumors. After watching the action, I think my short thesis might be a little too severe. We had every reason to take this market down to the lows, or at least to the […] Continue Reading…
Decision Time for Energy Stocks, It’s Now or Never
Aug 27, 2017 Trading Blog Comments Off on Decision Time for Energy Stocks, It’s Now or Never
So here we are, sitting right near $30.00. What now?
At this point, I really fear we might be looking at another move down. On the above chart, there are three important points to notice: Mid-June at 30.00, Early-July at 30.00 and Mid-August at 30.00. […] Continue Reading…
Oil and Gas Stocks Outlook for Friday, August 25
Aug 25, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Friday, August 25
I think we may have finally hit peak summer boredom. 7 million shares traded on the XOP Thursday, the average over the last three weeks is 15 million. Thursday’s range was 40 cents, the average over the last three weeks is 76 cents. Low […] Continue Reading…
Oil and Gas Stocks Outlook for Thursday, August 24
Aug 24, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Thursday, August 24
First advice for today: Once your body gets a little older, crunching ice cubes with you teeth is no longer a recommended activity. You will end up in a dentist chair listening to the evil grinding sound of a drill and smelling the burnt […] Continue Reading…
Oil and Gas Stocks Outlook and Trading Plan for August 23
Aug 22, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook and Trading Plan for August 23
Sometimes you look at a day and it just makes no sense whatsoever. That was today. Being more of a technical trader, I look at the characteristics of individual days, but I also look at sequential days to see if each day corresponds with […] Continue Reading…
Oil and Gas Stocks Outlook and Trading Plan for Tuesday, August 22
Aug 21, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook and Trading Plan for Tuesday, August 22
It was an absolutely boring day on Monday. The normal daily ATR on the XOP over the last 14 days is about 76 cents, today’s range was 41 cents, or about half the average day. The average volume over the last 10 days is […] Continue Reading…
Oil and Gas Stocks Outlook for Friday, August 18
Aug 17, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Friday, August 18
XOP started the day like a rocket out of the gate and it looked like everyone was on board for an all day ride, but price hit the 29.90 level and got firmly rejected. That was the point where we broke down below the […] Continue Reading…
Oil and Gas Stocks Outlook for Thursday, August 17
Aug 16, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Thursday, August 17
An almost 9 million draw on the EIA and the XOP falls to new lows. Painful for anyone who is long based on improving supply/demand fundamentals. But, as we know, fundamentals and stocks are often two totally different entities. Sometimes fundamentals just don’t matter.
So […] Continue Reading…
Oil and Gas Stocks Outlook for Wednesday, August 16
Aug 15, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Wednesday, August 16
Tuesday started out perfectly and I really thought I was going to have a big day, but things just fizzled out around 11 am and the day turned into a disappointment. Everything was going according to Tuesday’s Trading Plan and Outlook, starting with a […] Continue Reading…