Crude futures have broken down & backtested the secondary uptrend line, currently making the second test of the 63.15 support level. A solid break and/or 60-min close below will likely bring /CL down to the 62.20 level. Should my call for a correction in crude continue to play out, that should translate into more downside [...]
Two of the three (XES & XOP) of the major oil & gas ETFs that I closely monitor have triggered sell signals on the 60-minute time frame with XLE poised to follow suit. My expectation for a pullback in the energy stocks meshes with my expectation for a correction in crude oil prices & the [...]
Technical analysis on the US stock market providing the near-term outlook & price targets followed by the outlook for crude oil & the energy sector as well as various swing trading ideas. An update to the recent XLU swing trade is also provided towards the end of the video.
Technical analysis covering the energy sector via XOP, XES & several energy stocks that stand out as potential trade ideas at this time.
Technical analysis on the US stock market & a few sectors that stand out at this time. The video begins with an overview the stock market followed by /ZG (wheat futures), WEAT (wheat ETN); the energy sector via XES, XOP, HAL & CPG; concluding with an update on XBI (biotech sector ETF).
Technical analysis on the U.S. stock market, select sectors that stand out as well as gold, GDX & the US Dollar. Covered in the following order are the outlook for the US dollar, gold & the precious metals sector via EUR/USD, /GC (gold futures), GLD (gold ETF) and GDX (gold miners ETF); the near-term outlook [...]
Technical analysis on the US stock market as well as a few sectors & trade ideas that stand out at this time. Covered in the following order is the outlook for JCP, SPY, QQQ, IWM, EUR/USD, GLD, /GC (gold futures), /CL (crude futures), USO, XLE, XOP, XES, XBI & IYT. Video playback speed can be [...]