Tag Archives: XLE
A few levels to watch
Spu’s…1320 is the first 30% from last months high Nasd… 2560 is the same level. XLE.64.60-70 CAT…88.50 ECA…21.15-18…closing above tgt’s 21.90 MMM…84…then 84.50 IBM…by maintaining and closing over 192.90 the next tgt is 195.40 The rest of the day will … Continue reading
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
A.M. Look 3/29/12
AUD/JPY…has been a good short term barometer of stock strength. 8500 is the 50 day. watch for general market tone. USD/JPY… along with the YEN crosses are doing re traces from the beginning of Feb. , 122 ( M Futures … Continue reading
XLE…Trade Alert!!
The spreader is coming out again.. We’re BUYING the XLE @ the market!!! This should be viewed as a spread against our Long Bonds.. Trade size accordingly.. The stop is just below today’s low!
The Usual Suspects
USD/JPY…83.50 ( app 119.70-80 M Futures) becomes the key closing pivot for more Dollar upside vs. the Yen. XLE…is a good alternative to trading the Oil Futures…If you’re bullish the Oil we’d use a 72.20 intra day as a stop. … Continue reading
A.M. look 3/23/12
The interesting weekly chart patterns are in the OIH and the XLE ( Oil derivatives). They’re both putting in ORL weeks,however they are both getting into technical areas where we would entertain going long again. We’ll put these two on … Continue reading
OIL…XLE…Trade Alert
We’re placing an open order GTC ( good till canceled) to buy the Oil Futures the first time down into 102.20-50. The risk is about a dollar. This is a very manageable area off the last big swing. We’re not … Continue reading
Oil and related ETF’s
We will have no Long positions going home…
A.M. Look 2/27/12
Yen…missed the long -term sell stops in the Futures by 13 ticks @ 123.43,( 81.75 USD/JPY) just after the opening last night. Since the opening hour, the board has been in “Risk Off” profit taking mode. 80.30-40 USD/JPY needs to … 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