This will be the first of several videos covering some of the sectors, industries and commodities that appear to be setting up for objective trading or investing opportunities. This video starts with an overview of XLE (Energy Sector ETF) followed by the outlook for XOP (Oil & Gas Exploration ETF), OIL (Crude Oil ETN), USO [...]
Member @murphydoc inquired within the trading room if it appears that the Oil & Gas Exploration & Production stocks (ETFs: XOP, GUSH, DRIP) have bottomed. Hard to say if XOP has bottomed yet as there isn't any decent technical evidence in place to indicate that a bottom is likely in place. By my analysis, XOP could [...]
Analysis of the US stock market, various key sectors including gold & GDX.
As a follow-up to the May 8th post, S&P 500 Sector Analysis, XLE (energy sector ETF) has now come within 60 cents of that 64ish key support level with the bullish divergences still in place & close to being confirmed (via a bullish crossover on the PPO), should XLE build on today's gains. Previous chart [...]
In updating the trade ideas, the following Short Trades have either hit one or more profit targets and/or exceeded their maximum suggested stop with all associated posts to be moved to the Completed Trades category where they will be archived indefinitely for future reference: XOP/GUSH: Hit the first target for a quick 10% gain (on [...]
This video covers the Active Short Trade Ideas on Right Side Of The Chart, along with a brief highlight of today's breakdown of QQQ, including some objective levels for shorting the broad market.
Here are 6 reasons why it appears the energy stocks (via XES in this example) are still headed lower in the coming weeks. I remain longer-term bullish but near & intermediate-term bearish on the energy sector at this time including crude oil, XLE, XOP & XES. XES daily June 13th This chart is also a [...]