Tag Archives: OXY
OXY…Pattern Alert….GS
A close today under 103.10 will put in an ORL day in OXY. Closing below 102.63 ( unchanged on the week) will have us looking for a bigger correction. Yesterday, late in the day, we recommended lightening up in OXY … Continue reading
A.M. Look 2/8/12
Early yesterday when the Spu’s showed weakness the AUD/JPY did not. AUD/JPY…( Long Aussie/Short Yen) remains a leading risk on indicator. 84.00-84.12 is the next short term resistance level. DAX….shows no significant resistance until 70000 Copper…there are resting stops above … Continue reading
A.M. Look 2/7/12
Point & Figure Patterns this A.M. shows a double top in the SPU’s @ 1342.50 and the Brent OIL @ 116.70. Long Brent/Short WTI is the feature in the Oil Mkt. Spu’s…is all about where and how they hold breaks today into … Continue reading
Emerging Markets…India…Pattern Alert…General Comments
Today’s low in PIN is the a retest of the 200 day mvg avg. EPI…the 200 day is 19.87 Investors looking to diversify or playing in this pond, manage your risk against these #’s. Closing under these levels would be … Continue reading
COP…OXY…XLE
COP…71.76-80 will be a spot to pay for your longs ( sell some out) for those of you that are inclined to trade that way. OXY…103.83..there should be resting stops above this level. It’s not the worst idea to pay … Continue reading
A.M. Look 2/6/12
The strength in the dollar and the weakness in the precious metals has been the feature since the opening bell last night. SPU…we are looking to see a probe into the 1327.50-29.50 area & NASD..2500-02 during the Chicago pit session … Continue reading
XLE…OXY
XLE… Breaks out to the upside on the monthly maps with a close over 73.30. We’re looking to add to this position with a close over this level. OXY.. has been a long time favorite to trade. We believe you … Continue reading
A.M. Look 1/26/12
Deja vu…shades of last year…”your cash ain’t nothing but trash” A creeping equity market fueled by a devaluing dollar and a chase for high yields, with money looking to buy cheap dollar denominated assets. The result is the same as … Continue reading
OIL…Related ETF’s vs Equity Indices
The Oil is up…so ask yourself what’s up with OXY,DIG,XLE,OIH et al? Presently, they are all lagging! Watch for some leadership for the next intra-day swing. They’ve already tried the Equity Indices both ways early. We are not going to … Continue reading