Potential swing trade & investment setups in the energy sector including MLP's & ETF's. Playback speed can be increased using the setting icon at the bottom of the video to reduce the duration of the video.
This video provides a comprehensive overview of crude oil, the energy sector (via XLE) and over a dozen of the top components of XLE. Numerous trade ideas, including objective entry points & price targets on USO, XLE and some of the most attractive trade setups on individual energy stocks are covered. The video begins with the outlook for crude oil & USO (crude ETF), followed by coverage of XLE & over a dozen of its top components.
APC was recently posted as a breakout candidate but has fallen back below the breakout level/horizontal resistance where an objective stop should have been placed. APC is only down a few percentage points below entry to if one took the long and wants to give it a little more room that is your prerogative, of course. click here for the original post and notes. if this trade were to power back above that breakpoint/neckline again soon, i might revisit it.
i received an alert early today on the break of this resistance line/possible neckline on an IHS pattern but i would encourage you to read the original post on the XES possible IHS pattern i made the other day, in particular, the points about continuation vs. bottoming IHS patterns and most importantly, the volume criteria for these patterns (which APC does not get passing marks). however, today's volume on the breakout is above average and as i said in that post, this low volume market is highly driven by technical patterns right now so the trade may play out nicely, at [...]