Recent Articles
A New Year Approaches 2017
Dec 21, 2016 Trading Blog Comments Off on A New Year Approaches 2017
Well, it’s almost a new year and a time to set new goals for my trading. One of my goals is to update the blog a little more consistently this year. I use this blog mostly as a storage space for my trading notes […] Continue Reading…
Oil Sector Stocks – Closing Notes, Thursday, October 20
Oct 20, 2016 Trading Blog Comments Off on Oil Sector Stocks – Closing Notes, Thursday, October 20
Today pretty much went according to yesterday’s closing notes post. Open dip down to the 8 day moving average and then right back to the middle of the profile fair value area around $70.90. The dip on the open was a little deeper than […] Continue Reading…
Natural Gas and Refiners Weak – Closing Notes, Wednesday, October 19
Oct 19, 2016 Trading Blog Comments Off on Natural Gas and Refiners Weak – Closing Notes, Wednesday, October 19
Great API number of a 3.8 million draw on Tuesday afternoon and confirmation with an EIA draw of 5.2 million this morning. The numbers sent the XLE up as much as 2% with a close of +1.5%. The OIH +2.6% outperformed the XOP +1.7%.
The […] Continue Reading…
Trading the Refiners, HollyFrontier (HFC) July 25, 2016
Jul 25, 2016 Oil Stock Scans Comments Off on Trading the Refiners, HollyFrontier (HFC) July 25, 2016
It has been awhile since I’ve posted any trades here on the site, but I’m going to get back to it over the next few weeks.
I’ve got one swing trade for today and I have an eye on the refiners. The group looks to […] Continue Reading…
PTEN Short Today. AR, SM and NE on watch for Tuesday
Mar 21, 2016 Trading Blog Comments Off on PTEN Short Today. AR, SM and NE on watch for Tuesday
Very flat boring day out there today in energy. Got off one short trade on PTEN at 17.55 with a stop at 17.70. Carried it overnight on a closing price of 17.51, pulling the stop just in case we get strange pre-market action or […] Continue Reading…
Shorting the Onshore Drillers: NBR, HP, PTEN
Mar 20, 2016 Trading Blog Comments Off on Shorting the Onshore Drillers: NBR, HP, PTEN
Sorry for the lack of posting guys, I’ve been trading other things over the last 3-4 months and just now getting back into energy stocks since things seem to have stabilized a little. All I have done over that time in the energy sector […] Continue Reading…
Oil and Gas Sector Opportunity, Scans for Monday, August 24
Aug 23, 2015 Oil Stock Scans Comments Off on Oil and Gas Sector Opportunity, Scans for Monday, August 24
What a brutal selloff in energy names last week. Not a single thing you can do here except go short the XLE and just enjoy the ride down. That was my only play last week, which is the reason for the lack of scans […] Continue Reading…
Oil and Gas Stock Daytrading Setups for Monday, August 17
Aug 16, 2015 Trading Blog Comments Off on Oil and Gas Stock Daytrading Setups for Monday, August 17
I missed the market action on Thursday and Friday, but looking at the charts, it doesn’t appear that anything positive was happening at all. From the looks of the charts, this week could be another negative one if energy stocks don’t find a bottom […] Continue Reading…
August 13th Oil and Gas Daytrading Setups: Anadarko, Cameron, EQT, Transocean, Patterson-UTI and PBF Energy
Aug 12, 2015 Oil Stock Scans Comments Off on August 13th Oil and Gas Daytrading Setups: Anadarko, Cameron, EQT, Transocean, Patterson-UTI and PBF Energy
Great reversal day in the market and there should be plenty of green tomorrow too, at least we hope. There are some very strong momentum plays and I’ve tried to pick out a play from each of the energy sub-sectors. Here’s what I’ve got […] Continue Reading…
Oil and Gas Stock Daytrading Setups for Tuesday, August 11
Aug 10, 2015 Oil Stock Scans Comments Off on Oil and Gas Stock Daytrading Setups for Tuesday, August 11
Energy finally got a bid today and just about every stock in the sector was green. PBF and IMO off of yesterday’s scan were big winners and very easy to catch today.
I have no idea if this momentum will carry over to Tuesday, but […] Continue Reading…