Plan to buy CALL on Monday Open, then keep it for two weeks. details information @ youtu.be
Energy is now historically low in regards to it's percentage allocation in the S&P 500 components. Likely going to build a long term position if we reach the target, likely early 2020 XOP 3x levered GUSH is trading in the $2's haha... going to need to split soon
expect 100% return before Friday market close.
The final part of the puzzle is overlaying a chart pattern that lines up with your fundamental view. Once all ducks are in a row (Macro, Economic, Bottom-Up analysis) we can look to Elliott Wave to help us to enter a trade at a low-risk entry point and take advantage of a high probability trade opportunity.
Even XOP is down trend, a big bounce is coming ...
Have a great day
Safe to say that post 2014 (and even earlier) the renewables have become a serious competition to the traditional part of the XLE sector(coal/gas/oil). Crucial note: Breaking of the black trendline, could symbolize the start of a recession as this would mean that inflation expectation have decreased. In any case, this is just a brief analysis, everything is on...
Have a great day all!
You can see we have had a long sideways consolidation which to me looks like a 5 wave triangle . If US Dollar continues to drop as I favor and with all the global turmoil in oil producing countries it is fertile ground for oil to rise. The dotted horizontal lines I see as resistance. Strong weekly candle last week and break of short term down trend line. Have...
watching for a break of 60.50 to go short $XLE $XOP $USO $DWT
oil at potential inflection point, watching for a sharp move lower $ECA $XLE $XOP
Reflecting on our positions and where this trade is likely to trade
Consistent growth, profitable, SUPER cheap relative to broad valuations! A rising oil price over the coming years will lead to earnings estimate increases!