Tag Archives: XLE

Chart Patterns…Sectors

XLP…working on an ORL with a close below 41.14. There is downside acceleration sustaining under 40.88 XLF…a close below 19.09 puts in the ORL XLE…needs under 80.25

A.M. Look 5/6/13

Spu’s…1592.50-1593.30 is support. Gold…needs over 1486 or under 1440 for a new signal. 1536-39 isgood low risk resistance. Lower retests are 1420 followed by 1400. Silver…24.30 is resistance and the upside pivot. Buy stops are 24.80 which could lead to … Continue reading

Brent…Oil ETF’s

98.00 Brent is the critical hold and pivot level running the oil complex. DIG & XLE… went far enough for now.

A.M. Look 4/6/13

Spu’s…592.50-593.30 is support. Gold…needs over 1486 or under 1440 for a new signal. 1536-39 isgood low risk resistance. Lower retests are 1420 followed by 1400. Silver…24.30 is resistance and the upside pivot. Buy stops are 24.80 which could lead to … Continue reading

DIG & XLE ETF’s

DIG… maintaining and closing above 55 is a new breakout. XLE… shows sustaining above 78.80 is needed in this ETF. Natgas… 3.93 is the Qrtrly ORH #. Natgas is not something to lead off on. Look to these ETF’s for … Continue reading

Big Cap Multi-Nationals

are running the show.. IBM…needs below 191 to wash out longs JPM..42.50 for weak longs…below 41 for the longer term players CAT…88 is first support, with 91 resistance the first time up. OXY…looks descent against 75.40 DIG & XLE…the upside … Continue reading

Chevron_Corp_Daily.gif

Chevron is a single instrument that lined up well with the ETF’s DIG & XLE. This is attempting an ORH day with a close over 117.18.

DIG & XLE

For the Risk On crowd… Both these ETF’s show a defined out (stop).. Short term traders can trade these from the long side with a stop just below today’s low.

Pattern Alerts…XOM…CAT…XOP…XLE…DIG

Once again there is no trade in the Indices, It’s all in a name. These instruments are all attempting ORH weeks. Where is the money going?…It’s here. Keep these on your radar screen.               … Continue reading

Oil & Oil Names

Oil…is putting in an ORL day. Sustaining below 94.85 ish will put Oil into retrace mode from the $78 June low. XLE…shows that a break into the mid 69′s is possible. XOM…86.33 is the 50 day mvg avg, support the … Continue reading