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    6 Reasons Why The Energy Sector is Still Headed Lower

    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 [...]

    Jun 13, 2016 3:20pm|Categories: Equity Market Analysis|Tags: , , , , , |4 Comments

    Sunday Evening Market Comments

    I returned from from my weekend trip later than expected tonight but in reviewing the charts, I really don't see much worth highlighting that wasn't already covered in the video as well as the other updates posted on Friday. Here's the my daily chart of $WTIC (crude oil) as of Friday's close showing the impulsive [...]

    Jun 12, 2016 10:01pm|Categories: Equity Market Analysis, Gold & Commodities|Tags: , , |4 Comments

    Friday Morning Market Overview (video) 6-10-16

    A look at the US stock market, crude oil & gold mining sector.

    Crude Bull Trap Scenario May Be In Play

    This most recent trendline break should bring crude futures back to test the key 50 level (49.90 is the level that I'm watching). A solid break below will have firmed up the failed breakout/bull trap scenario that I've been favoring. Also worth noting is the tight correlation between crude prices & the U.S. stock market [...]

    Jun 9, 2016 10:16am|Categories: Equity Market Analysis, Gold & Commodities|Tags: , , |2 Comments

    Crude Futures First Target Hit

    The first target on $CL (crude oil futures) has been hit. While a reaction is likely, I favor crude prices ultimately moving down to the next target at 46.84 note: this is a 60-min chart of the July contract, as covered in yesterday's video, the previous static post (first chart below posted on Wednesday) showed [...]

    May 19, 2016 9:39am|Categories: Equity Market Analysis, Gold & Commodities|Tags: , , |Comments Off on Crude Futures First Target Hit

    Crude Oil & Energy Sector Outlook (video)

    This video begins with the outlook for crude oil followed by analysis of XLE (energy sector ETF) and XOP (Oil & Gas Exploration & Production ETF) along with the top components of each sector.

    May 18, 2016 1:14pm|Categories: Equity Market Analysis, Gold & Commodities|Tags: , , , , , , , , , , |4 Comments

    CL (Crude Futures) Bearish Rising Wedge Pattern

    $CL (crude futures) look poised for a pullback to at least the 46.75 level (first target) & quite likely the 45.90 level (second target) or beyond if/when prices break below this 60-minute bearish rising wedge pattern. Comparable price targets on USO would be 11.50ish & 11.25ish with a continued move down to the 10.70 area [...]

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