refiner

nodiggity nodiggity TSO, 240, 2 months ago
TSO: Need Comment: TSO trading sideways?
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TSO, 240
Need Comment: TSO trading sideways?
Chart is self explanatory. Can anyone comment? It looks like it might trade sideways to earnings.
nodiggity nodiggity MPC, 45, Short , 3 months ago
MPC: Doubled-down on my shorts: MPC Triple Top
9 0 1
MPC, 45 Short
Doubled-down on my shorts: MPC Triple Top
Added more to my short position for this triple top in $MPC. Long put options. Way overbought. Self explanatory. Have fun.
nodiggity nodiggity TSO, 240, Short , 3 months ago
TSO: Straddle with TSO: Range-Bound!
17 0 1
TSO, 240 Short
Straddle with TSO: Range-Bound!
There are two ways to trade this. One is to short TSO to $73.40, and if the resistance holds, go long until $77.90. That's too risky. You can do that, but I'd rather play this as a straddle. Sell the $70 puts (1.25) and $80 calls (1.31) September calls. Max Profit: $256 per option.
nodiggity nodiggity MPC, 240, Short , 4 months ago
MPC: Short MPC
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MPC, 240 Short
Short MPC
If oil takes a significant dip overnight, I will be short MPC. I don't think there is any fundamental to support this stock to the upside anyways, so I am shorting calls. Plus I am not much of an options buyer unless to trying to hit a home run. The blue line represents options expiration day. These are 4h bars. ...
Matt_Feda Matt_Feda CL1!, D, Short , 4 months ago
CL1!: $WTI - Refiner Outages Approaching, P Action around $42.5 Key
279 0 3
CL1!, D Short
$WTI - Refiner Outages Approaching, P Action around $42.5 Key
Using $42.50 as a support level, a bounce off that level would be considered bullish, but if prices fail to hold, a return to $37.50 seems probable. This implies a negative 200 day SMA cross, which suffice it to say, would be a return to the bearish int term trend. This, in concert with a low energy demand season ...
nodiggity nodiggity MPC, D, Long , 5 months ago
MPC: BUY MPC CALLS
24 0 2
MPC, D Long
BUY MPC CALLS
Buy them TODAY. They are cheap today. Good luck.
nodiggity nodiggity MPC, 240, 5 months ago
MPC: HIGH VOL: KEEP WATCHING!!!
22 1 0
MPC, 240
HIGH VOL: KEEP WATCHING!!!
Look guys, this is the same Fib retracement that has HELD since the Jan-Feb selloff. Do not take my word for it. Look at my previous predictions, load the new data, and see how much money was made. MPC has had a history of bucking the market. When SPX was down 2%, this was down 7%. When SPX was up 3%, this was up ...
nodiggity nodiggity MPC, 240, 6 months ago
MPC: Cash in: No hold weekend for me
28 1 0
MPC, 240
Cash in: No hold weekend for me
No reason to hold anything over the weekend unless you have to. Something smelly about the markets. I can feel the SPY wanting to sell. MPC rallied up testing 37.00 fib level. It tested that level and it did not breach. The chart indicates overall bullish. It has/is building a nice $35 floor for itself. THE MODEL ...
nodiggity nodiggity MPC, 240, Long , 6 months ago
MPC: Stay Long MPC
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MPC, 240 Long
Stay Long MPC
If you went bullish on calls per my previous post, you are enjoying a nice pop today. My time horizon is longer so I am holding until $38.75 (the next fib level). The MA just crossed and I want that to marinate for a few sessions. You should be just playing with house money now if you bought the day or day after I ...
nodiggity nodiggity MPC, 120, Long , 6 months ago
MPC: Buy MPC calls
26 2 1
MPC, 120 Long
Buy MPC calls
Get em while they're cheap! You might find cheaper premiums on HFC as they nose-dived yesterday, but MPC has stronger fundamentals IMO. And a reminder like always, MPC has a history of bucking the market the market: SPY. In regard to fundamentals, this is an oversold reaction to MPC and other refiners' posting ...
nodiggity nodiggity MPC, 120, Short , 7 months ago
MPC: Buy or Sell MPC Earnings Rally?
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MPC, 120 Short
Buy or Sell MPC Earnings Rally?
I'll let the chart speak for itself. The chart was drawn prior to today's open.
nodiggity nodiggity MPC, 60, 7 months ago
MPC: BREAKOUT? MPC Fib Re-Drawn
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MPC, 60
BREAKOUT? MPC Fib Re-Drawn
Please compare this to my previous post where I had drawn the Fib retracement. I have redrawn this to capture the double bottoms. I was not sure if it could break out from it's previous fib level and so far this previous retracement model is holding up. I have said this many times, but will say it again. MPC has ...
nodiggity nodiggity MPC, 60, 7 months ago
MPC: MPC momentum losses steam
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MPC, 60
MPC momentum losses steam
Today's was the first breakout for MPC from the fib retracement. It is topping out back to the January lows. This MAY be a point to where the trade switches from fundamentals before it trades off of something technical. Just general discussion. I sold today. Please comment.
nodiggity nodiggity MPC, 45, 7 months ago
MPC: MPC hits top fib line. Sold.
8 1 0
MPC, 45
MPC hits top fib line. Sold.
I was long at $36 handle on Tuesday. I sold at $38.70 which it is straddling right now at the top of the fib retracement. MPC is outperforming other refiners today like VLO, HFC, PSX. There is no technical support above $38.70. Either it breaks out to $50+ or rather I am looking to buy another dip below this fib ...
nodiggity nodiggity MPC, 120, Long , 8 months ago
MPC: MPC bucks the mkt again
4 1 1
MPC, 120 Long
MPC bucks the mkt again
Yesterday MPC closed at $36.47 on a late rally exactly at its 2nd fib line for which there is previous support at that level. It's been hard for this stock to breakout past $37 with analyst price targets in the $50s. It needs momentum.
nodiggity nodiggity MPC, 15, Long , 9 months ago
MPC: MPC Cup & Handle - 7 days
12 1 0
MPC, 15 Long
MPC Cup & Handle - 7 days
I've been long MPC for a number of reasons. I'm just bored. Quiet day. The most important thing is that it's found a bottom at $29 after free-falling with no support unless you go back to 2012. This stock is down -50% since early Dec 2015. Disclosure: I am long MPC.
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