Recent Articles
Oil and Gas Stocks Outlook for Tuesday, August 15 – An Inflection Point
Aug 14, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Tuesday, August 15 – An Inflection Point
The month of August has been an incredibly slow trading month, but Tuesday has huge potential to be a great trading day. The XOP is down about 10% over the last few weeks and is again approaching the lows around 29.90. We are at […] Continue Reading…
Is too much fundamental knowledge a bad thing?
Aug 12, 2017 Trading Blog Comments Off on Is too much fundamental knowledge a bad thing?
I’ve recently begun to dig deeper into the finer details and fundamentals of the oil and gas sector, even diving into the basic supply and demand elements of the actual commodity itself and the players in it. I am by nature a daytrader, not […] Continue Reading…
Oil and Gas Stocks Outlook for Friday, August 11
Aug 11, 2017 Trading Blog Comments Off on Oil and Gas Stocks Outlook for Friday, August 11
The 31.10 – 31.20 level has held as resistance all four mornings this week and we would be lucky to get another test of that level today. There seems to be a very large overhanging supply up around that level and just not enough […] Continue Reading…
Oil and Gas Stock Outlook for Thursday, August 10
Aug 10, 2017 Trading Blog Comments Off on Oil and Gas Stock Outlook for Thursday, August 10
Wednesday was almost an exact copy of Tuesday’s action with a very strong start and high made early, then a fall that lasted all afternoon. While Tuesday’s cause was likely a fall in the SPY, Wednesday’s cause seemed to be related to the EIA […] Continue Reading…
XOP Oil and Gas Stock Outlook for Wednesday, August 9
Aug 9, 2017 Trading Blog Comments Off on XOP Oil and Gas Stock Outlook for Wednesday, August 9
Another down day on Tuesday for the XOP, after what looked like a promising morning. It is tough to tell if it was directly energy related or more a reflection of the overall market with the SPY making an ugly upthrust pattern before heading […] Continue Reading…
XOP – The Disconnect
Aug 8, 2017 Trading Blog Comments Off on XOP – The Disconnect
I belong to several trading chatrooms and each of them seem to have that one group of individuals that make the same trading mistake over and over again. The common theme is always a complete bewilderment at how a company can being doing something […] Continue Reading…
Friday Oil and Gas Stock Outlook
Aug 4, 2017 Trading Blog Comments Off on Friday Oil and Gas Stock Outlook
Friday’s XOP Grid:
Thursday High 31.73
+1 ATR 31.40
Friday Pivot 30.90
Thursday Closing VWAP 30.82
Thursday Close 30.55
Thursday Low 30.41
-1 ATR 29.75
Things are going pretty much as set forth in Sunday’s post regarding the next leg down in the XOP. We are down about 7% this […] Continue Reading…
Energy Outlook for Wednesday, August 2
Aug 2, 2017 Trading Blog Comments Off on Energy Outlook for Wednesday, August 2
Wednesday XOP Grid:
+.5 ATR 32.70
Tuesday High 32.66
50MA 32.57
Wednesday Pivot 32.34
Tuesday Closing VWAP 32.28
Tuesday Close 32.26
Tuesday Low 32.07
-.5 ATR 31.85
Absolutely no direction on Tuesday with price barely reaching -.5 ATR down at 32.07. There were several poor earnings reports […] Continue Reading…
Energy Trading Notes, Monday July 31
Jul 31, 2017 Trading Blog Comments Off on Energy Trading Notes, Monday July 31
Just my trading notes for the day, I have nowhere else to put them, so I just keep them here. Helps me organize by writing them down. Maybe they will help someone else.
Tuesday’s XOP Grid:
+1 ATR 33.37
+.5 ATR 32.95
Monday High 32.85
Monday Close 32.52
Tuesday Pivot […] Continue Reading…
XOP – Another Leg Down?
Jul 30, 2017 Trading Blog Comments Off on XOP – Another Leg Down?
The XOP is currently at one of those inflection points where a decision could be made about the direction for the next 3-6 months. I’ve looked at this from several angles, and at this point, I’m leaning toward another leg down toward the 28 […] Continue Reading…