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DO Trade Setup

DO (Diamond Offshore Drilling) is on watch for a possible official long trade idea. While a break of this downtrend line + the 24.75 level could spark a lasting rally, I'm leaning towards a brief pop followed by a backtest of the downtrend. I'm only passing DO along as an unofficial trade idea for now for those that might be interested. Should I decide to add the stock as an official trade idea, the entry criteria, suggested stop & price targets will follow in another post. DO daily April 20th Nice strong divergent low on the DO weekly chart [...]

2017-03-08T21:19:51+00:00Apr 20, 2016 10:37am|Categories: Unofficial Long Ideas|Tags: |1 Comment

Peak Oil vs. Oil Glut

The longer that I trade & invest, the more it seems like I'm watching the same movie played over & over every few years. It's the never ending cycle of booms & busts and if I were to categorize the genre of movies that I'm watching, I'd have to lean more towards labeling them as comedies vs. dramas. The comedic part is the infallible repetitive nature of the general public, the mainstream media and, of course, the part played by the puppeteers pulling the strings. Funny to see how bearish the most recent headlines are AFTER crude has plunged nearly 60% [...]

2017-03-08T21:20:41+00:00Jan 13, 2015 1:15pm|Categories: Completed Trades - Long, Gold & Commodities, Long-Term Trades- Completed|Tags: , , , , , , |Comments Off on Peak Oil vs. Oil Glut