Tag Archives: Oil ETF’s
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.
IBM
189.15 is the 200 day Mvg Avg in IBM. Watch for general market tone. Those looking for a Risk On mid-week rally should look to the usual suspects for direction and opportunity. Oil names and related ETF’s should provide the … Continue reading
OIL & OIL Related Names…Trade Alert!!
I’m seeing Green!!! The Oil risk is now skewed to almost 50-50 for either 6 bucks up or 6 bucks down from here. I still believe we’ll see higher prices, however we are going to reduce our weighting to 15% … Continue reading
OIL…USO…General Risk
A.M. Look 2/14/12 Crude has broken out of it’s recent $5 trading range. We will be adding the USO ETF to our Long portfolio on a dollar pullback in the Crude to anywhere near $100.50. We will use this as … Continue reading
XLE…DIG…OIL
The chart patterns are conflicting. While XLE and Dig are attempting outside reversal downside weeks, the oil is not. While the Oil put in a daily outside reversal yesterday the ETF’s did not. If this is all the damage the … Continue reading
XLE…DIG…FXA ” Aussie”
We are buying a very small position in Dig and XLE Leave the stop as is in the SDS This will leave us with a small risk on bias. The Aussie is still holding. For those that can’t trade futures … Continue reading
Position Update
Long SDS Long MOO Long JJG These trades have been put on as a spread, meaning there is an equal weighting short the broader Mkt Vs Long the Grain sector. Those of you who led off in the Oil etf’s … Continue reading