03/27 – 03/31 Energy

XLED1      XLEw

On the weekly chart we see that on 4/11/2016 bulls have broken the downtrend and then, they created a nice trendline ( with violet on charts ) , from which every time price goes up, last week we broke this trendline and let’s see if bears will hold below . Also we have a minor downtrend form 12/12/2016 to present. The prior pivots for trading this week are 68.43 and 71.10 on XLE. As long as XLE hold  below 71.10, stay bearish and watch for follow through to clear 68.43 and after 67.10.

Weak stocks : 

XOM, CVX, COP, APC, DVN, HES, HP.

03/20 – 03/24 Energy

XLEW1      XLED1

On the weekly chart we see that on 4/11/2016 bulls have broken the downtrend and then, they created a nice trendline ( with violet on charts ) , from which every time price goes up . Also we have a minor downtrend form 12/12/2016 to present. The prior pivots for trading this week is 68.62 and 71.10 on XLE. As long as XLE hold  below 71.10, stay bearish and watch for follow through to clear 68.62 and after 67.10.

Weak stocks : 

XOM, CVX, OXY, COP, DVN, EQT, RRC, NFX, RIG.

 

03/13 – 03/17 Energy

/CL (oil futures) – weekly and daily charts :

CLd1        CLW1

USO (oil traded ETF) – weekly and daily charts:

USOD1        USOW1

Last week we have seen a big down move and putting a new Low low first time since august 2016 and we can say without doubt that OIL from now is weak. The prior pivots for trading this week is 50 and 48.30 on /CL ( 10.60 and 10.25 for USO).  As long as /CL hold  below 50, stay bearish and watch for follow through to clear 48.30 and after the second trend-line somewhere around 46.30.

 If bulls build up power and broke 50, i will avoid this sector.

Knowing these things let’s take a look at the energy sector :

XLED1          XLEW1

On the weekly chart we see that on 4/11/2016 bulls have broken the downtrend and then, they created a nice trendline ( with violet on charts ) , from which every time price goes up . Also we have a minor downtrend form 12/12/2016 to present. The prior pivots for trading this week is 68.89 and 71.10 on XLE. As long as XLE hold  below 71.10, stay bearish and watch for follow through to clear 68.89 and after 67.10.

Oil, Gas & Consumable Fuels : 

  • Strong Stocks : APC, CNQ, DVN, EOG, PXD, SU.
  • Weak Stocks : APA, CLR, COP, EGN, EQT, HES, NBL, NFX, PE, OXY.

 

 

 

03/06 – 03/10 Energy

/CL (oil futures) – weekly and daily charts :

cld1        clw1

USO (oil traded ETF) – weekly and daily charts:

usod1        usow1

Oil build up a nice setup with higher highs and higher lows from 11/14/2016 . The prior pivots for trading this week is 55 and 51.20 on /CL ( 11.30 and 11.06 for USO). If bulls broke and hold above 55 watch for follow through to 56.50, if bears build up power and broke 51.20 with also means the broke of last HL, see if they hold and we may go to 49.35 . Knowing these things let’s take a look at the energy sector :

xled1      xlew1

On the weekly chart we see that on 4/11/2016 bulls have broken the downtrend and then, they created a nice trendline ( with violet on charts ) , from which every time price goes up . Also we have a minor downtrend form 12/12/2016 to present. The prior pivots for trading this week is 73.14 and 70.07 on XLE. IF oil will go up watch if XLE will broke and hold above 73.14 for follow through to 73.68 – 75.30 levels trading strong stocks. If oil is weak watch if bulls hold 70.07 and try to play a support bounce setup trading strong stocks versus a level. If the bears are found to be stronger and broke 70.07 se if they hold an watch for follow through to 67 trading weak stocks, but don’t forget about the oil.

News : 

Wednesday, March 8, 2017

10:30   USD Crude Oil Inventories

Oil, Gas & Consumable Fuels : 

  • Strong Stocks : LNG, OKS,  MPC, PXD.
  • Weak Stocks : PSX, APA, CLR, COP, CRZO, EQT, NFX.

 

 

01/03 – Waiting For Trump

All things mentioned in my market research  are the same, but there’s more caution in the air because meny secotors are overbought as I said.

XLV daily and weekly charts : 

xlvd1    xlvw1

IBB daily and weekly charts : 

ibbd1    ibbw1

On monday and tuesday we had a great move in Healthcare leaded  by biotech sector as IBB broke last week hi. I played this in stocks like AMGN, CELG, EXEL and PTLA mentioned in my market research  for biotech .See if IBB will broke and hold above 300 for anover move.

XLU and /CL daily charts : 

cld1     xlud1

Also we see that utilites showed some commitment and relative strength on thuesday as we broke 52.75. The prior pivot for now is 51.20, see if they hold and watch for follow through trading strong stocks.

Oil have played a nice support bounce from low of the flag, nothing changed and see if it remain strong.

Gold have showed some weakness and it looks like it needs a little more time to rest. Now the prior pivot  is 1237 on /GC.

Also at 9:00 pm ( New York Time ) President Trump Speaks to congress and lets see what he says, maybe this will give some new opportunities tomorrow.

If something will change i will come with an update.

 

 

 

 

02/27 – 03/03 Energy

/CL (oil futures) – weekly and daily charts :

clw1    cld1

USO (oil traded ETF) – weekly and daily charts:

usow1     usod1

Oil build up a nice setup with higher highs and higher lows( with green on /CL daily chart) from 11/14/2016 . The prior pivots for trading this week is 55 and 53.29 on /CL ( 11.30 and 11.64 for USO) with also are a nice bull flag which can be solved on wednesday when we will have new data about oil number. If bulls broke and hold above 55 watch for follow through to 56.50, if bears build up power and broke 53.29 see if they hold and we may go to retest the 51.30 pivot (11.05 for USO). Knowing these things let’s take a look at the energy sector :

xlew1     xled1

On the weekly chart we see that on 4/11/2016 bulls have broken the downtrend and then, they created a nice trendline ( with violet on charts ) , from which every time price goes up . Also we have a minor downtrend form 12/12/2016 to present. The prior pivots for trading this week is 72.85 and 70.07 on XLE. IF oil will go up watch if XLE will broke and hold above 72.85 for follow through to 73.68 – 75.30 levels trading strong stocks. If oil is weak watch if bulls hold 70.07 and try to play a support bounce setup trading strong stocks versus a level. If the bears are found to be stronger and broke 70.07 se if they hold an watch for follow through to 67 trading weak stocks, but don’t forget about the oil.

News :  Wednesday, March 1, 2017

10:30   USD Crude Oil Inventories

Oil, Gas & Consumable Fuels : 

  • Strong Stocks : ENLK, PXD, RED, SN
  • Weak Stocks : CNX, EPD, NFX, APA, APL, OAS, CLR, CNQ, COG, CPE, PE, COP, CRC, RICE, CPG, CRZO, RRC, SM, DVN, EGN, EOG, EQT, WPX, GPOR, HES, MRO, MTDR, MUR, NBL, XOM, CVX.