watching here for break down on daily. $USO $DWTI $XLE $XOP
as oil goes so does the ________.$USO $SPY $DWTI $UCO $XLE
Oil has also seen a dramatic decline in volatility with the OVX down 35 percent over the last month versus an eight percent decline in the VIX. But, prices are beginning to stagnate across cyclical drivers as the macro data out of China and Europe continue to decelerate. In October: "There is currently a 19.8% premium versus the 20-year seasonality , and there's...
XLE Similar pattern as SPY just at a steeper angle. Has more downside than SPY. Another solid contender for put options off of the pattern backtest.
Dollar got rejected at the Fib Cluster, its going down and am looking to scale in some commodities.
With but a few trading days left in 2018, it's time to consider taking tax losses in non-tax deferred accounts Personally, I flattened out of virtually everything on Friday, taking my lumps here particularly in my SPY, QQQ static, defined risk core positions in this fairly atypical year-end sell-off so that I can start off 2019 fairly clean, with smaller 2018...
Earnings With >70 Rank/>50 Implied: No underlyings with highly liquid options with earnings announcements in the next week. With single names with earnings announcements in the rear view mirror, we're looking at earnings starting up again in the January cycle; I'd rather just play those closer to the announcement, rather than get caught up in a volatility...
Current Price at Posting: 54.69 Directional Bias: Long Price Target: 57 Good Entry: 64-64.3 Risk/Reward: Max of 30 tick risk / Potential Reward of 200+ ticks. Trade Idea Invalidation: Hourly Candle close below 64
This took a lot of thought. I hope you enjoy! GLTA...
XLE has broken triangle formation. Expect it to retest the bottom trendline before further down. Short it if the retest fails to go above TL. My OB/OS indicator has reached to the previous low level. Trade the bounce intraday or 2-3 days short term. Then resume the downside, expect it to break the previous low in my indicator. LT TP: 41
XOP the same set up as XLE. My indicator has broken the upward trendline before price breaks the triangle. I expect the price to move up a little next few weeks so as my indicator to retest the broken TL. If my indicator fails to break above, then look to short it hard. TP: 12
Shares of the AMLP, which tracks a basket of MLP's (master limited partnerships), has been a stellar holding since mid-April both in terms of price and total return, thanks to its rich 7.8% dividend (at current prices). This advance has now pulled back to the 61.8% retracement , which is ideal for a continuation of the advance. I've been aggressively buying over...
Good setup for $XLE swing entry around $70, first target ~$73 with the eventual target hitting the upper line of the downtrend channel.
$77.00 appears to be a sweet spot.. Late night messing around with charts.
Directional Bias: Long to 41.5+ Price Target: ERX Good Entry: 37.7-38.3 Risk/Reward: $1 cents max stop/$2.5+ reward
- They are "Twins" in long term. - In short term, since last high on MAY 17, 2018, OIH is weaker than XLE. - Lower lows and lower highs for OIH - OIH is on the supportive price formed by last two reversing points - XLE does not hit the lower, instead it has a higher low which looks like it has reversed the downtrend If XLE is the right, it means OIH has found or...
I just don't understand why this part of the Oil sector continues to under perform. I am asking for input explaining why the strength in XLE isn't getting translated over to the $OIH sector.