Energy Transfer Partners (ETP) appears now to be facing a double whammy of weak energy prices and environmental roadblocks. ETP’s shares plunged 2.8% on Thursday, June 15, 2017, after a US federal judge ordered the US Army Corps of Engineers to reconsider their previous environmental study on controversial DAPL (Dakota Access Pipeline). According to the judge, the...
To much gasoline is produced and stored in world, leading to lower prices at pump. I believe gasoline will be lower rest of year and possibilities into 2019. On chart is a range of $14.00 down to $8.00, where MRO shares were trading, not to long ago.
On daily FCX chart, you see where all MOVING AVERAGES converged at (20, 50 & 200). This tells you, when price action breaks, will continue in that direction. Lows on chart is around $9.50, so $10.00 would be a great area for bullish trading and when price action closes above 20 ma. This is a basic materials a lot of volume traded and a market cap of 16.5 Billion....
I believe that DXY has bottomed out with a strong major support at 97.00. For rest of 2017, DKY will be getting stronger and will be trading bullish. On daily chart PA above noted BB indicator 20 ma, or in positive upwards direction.
Underlying stock symbol: chk Current price: $5 Number of shares: #1000 Total cost: $5,000 Option: Buy or Write: Write Option: 28th July $5.50 Call Price per option: $0.18 cents Contracts: #10 x 100= 1000 shares Total cost: $180 Estimated returns: CHK at $5 on 15th June 2017 Initial outlay: $180 (net credit) Maximum risk: $4820 at a price of $0.05 Maximum return:...
On daily Gold chart, price action has been bear and stay that way until mid-next week. Purple trend line or support, gives you a reversal price zone of $1230 before going back up. Look left on this chart, this exact same thing happen for TWELVE days in area noted on chart.Do not fight chart, will loss every time. Fib ret. on chart has .786 area or $1230, as a...
Big companies which have taken a very large price action DUMP, last 8 years are hard to trade. Only way that I would consider trading them, would be on a day trading or weekly basis only. Just because a company has huge volume of trading per day, over 20,000,000 and market cap of 178.97B does not tell much. Only, tells me is that they are to big to fail. I stick...
On weekly X stock, believe that big huge cup and handle pattern is about completed. Will be looking at buying shares and/or selling covered calls soon. PA is at a key reversal area or support on fib. retracment of .618 (holding for last 5 to 6 weeks). How to trade, on breakout of handle with bullish price reversal candlestick pattern (HARAMI, ENGULFING AND/OR...
*Always look left on charts. When red trend line is broken, make plans to short this stock. On fib. ret overlaying this chart, price action is at .786, which is last area before 100% reversal on chart. I believe that $26.00 noted on chart is 1st support area for price action. Enjoy trading & trade with both your mind and eyes. Price action is #1 and money...
I believe on this monthly AAPL chart, we have hit the end of Elliot Impulse Wave (12345) bullish, now a bearish trend will start. This month (now, is making a large red candlestick and/or an engulfing two candlestick bearish pattern). Noted on chart is $130.00 is 1st major support area, with now price action at $145.16. Will be looking on shorter time frames for...
Please refer to chart, nice daily chart inverse head & shoulder pattern on chart. Once long neckline closing breakout happens, you could jump on at that time and/or wait for a reversal back to neckline (conservative) to entry a new long position. Rest of year, appears to be bullish with Ford.
Related to some news today....shorting today, in my opinion.
FOMC- HIGH PROBABILITY OF INTEREST RATE HIKE. LOOK AT EVERYTHING, EITHER OVERBOUGHT OR OVERSOLD....DO NOT CHASE TRADES.
Please refer to chart. Nice completed cypher pattern is completed, then a double top happened. In my opinion, that stock will be bearish for rest of 2017. If you want confirmation, wait for PA to close below blue line of bollinger band, then selling trading is on board.
Please look at chart, will be going long rest of 2017. In my opinion, $40.00 is 1st resistance on chart & will be hit this year. Good Luck.
Once PA closes on daily candle above MA 20 Black line, will be taking a bullish position with stock options r buying stock. SLB stock, owns 21.7% of this ETF. The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVISa US Listed Oil Services 25 Index. The fund normally invests at least 80% of...
Bullish is the indication and completion of Cup and Handle Pattern....
What does USOIL have in common since March? Range of $48-$52 dollars a barrel. At this time, USOIL at around $46.50 appears low to me, I will be bullish to start this week. Have A Great Week Trading.