It’s money management time. We’re looking for initial price rejection around 9.33. Our max upside for now is 10.40. You’ll note that the #’s have slightly changed. We are raising our Stop Close to 8.75!!!!
EXCO…XCO…has a potential weekly double top in place. Investors that are long should raise their stops to breakeven, or take the money.
This is a good spot to pay for our last buys in the 7.50’s. We know it’s breaking out on the yearly chart to the upside, however we trade to make money.
Investors who sold a portion or all of their XCO over $8 last week should BUY 1/2 the position back on a 7.33 stop close good for today. Price action above this level tomorrow would be a buy as well. … Continue reading
We’ve been in and out of these stocks, and some of you are long. For those that aren’t, we are BUYING both these names @ the market!
EUR/GBP… there is no significant big swing Fib support until closer to 79. EURO…looking at a 12 year semi-annual chart, 122 is in the cards longer term, via 126.40-60 as long as it remains below 130.70. AUD/USD…following the same swing … Continue reading
Yesterday EXCO resources put in an ORH day. This is a cheap look against 7 dollars. Put this on your buy list, on weakness. 7.67 is the 50 day mvg avg. This could easily test 8.15.