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XOM, the worlds most powerful company, (in all of history)…

you can’t have higher highs on the indexes without bringing XOM, the worlds most powerful company, (in all of history)… along for the ride…

SPY 500 EPS Q2 results in the comment section.

Category: XLE sector  5 Comments

COP, TSO update

stockbee, kirk report, not advising on COP or TSO, nor slope of hope.
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Trade: short COP.

Opened at 57.26 on 8/9/12.
TSO at 36 today. they beat the street by 24%, so 38 is possible.
i usually short COP and TSO at the same time.
will watch TSO for 38, and then short it, there.
TSO at 38 , will short XLE big time!

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Tim Knight at it again, click here!
SpringhillJack, superb job,click here!
standard and poor’s, 18 new positions–click here!
hot option babe, good group,click here!
Ryan Mallory, often comes to the same conclusion as myself…, click here!

Category: XLE sector  One Comment

OXY WEEKLY CHART

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re-post from my members site…
gold,steel,oil,nat gas, moo stocks etc. hitting a lot of volatility.
OXY is all over the place price wise—
lots of higher exits from today’s price, but i don’t know the lowest entry.
I’d say little chance 65 repeats itself, but the eps p/e numbers, say it is possible. (small chance)

200 day weekly 78?s, is a strong buy now signal, use a 77 stop loss!
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Several products that I order overseas, has gone up at least 10% in cost.
No doubt, because of the higher US dollar, and it’s lower purchasing power overseas.
US probably has to spend 10% more on a few items from overseas, too. Oil comes to mind.
One way that comes to mind to offset High oil prices, is to have low natural gas prices.
I think the US energy policy people decided to have cheap,( really cheap, to the point of putting nat gas businesses out of business), nat gas prices, during high oil prices, to offset the macro cost of energy in the US, due to EU QE1. (governing debacle)
When EU QE1 momentum from November,ends in June, I would think, these higher overseas prices might start to taper off. I’d look for Oil prices to come down, nat gas prices to slowly increase.

Category: XLE sector  9 Comments

COP EARNINGS miss by 2%

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COP missed earnings by 2%, it’s new price channel should still hold around the 70′s.
if not, go to the contingency plan! wait for a double bottom.

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IPO coming soon.

CELG Profit minus one-time items came in at $1.08 a share, up 30% but 5 cents shy of estimates.
EPS was set at $4.70 to $4.80, on the low side of estimates but affirming Celgene’s previous guidance.
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AZN The company early Thursday reported quarterly EPS of $1.81, which topped estimates by 3 cents but is a 19% drop from the year-earlier quarter. Sales fell 11%, more than twice as much as analysts expected, to $7.3 billion. The company is struggling with the loss of several patents, including its big schizophrenia drug Seroquel.

Category: XLE sector  One Comment

TGT***MRO, when gasoline falls, be ready to short gasoline refineries, here’s why, click here

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Here’s some recent info from one of my members—
“I transitioned from trading solo to working for a Hedge Fund earlier this year.”

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next week AA and the regular gang of suspects reports, that should start a nice down trend next week. i’m backing the bears first week or earnings.
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the longer they hold USO high at these prices, post holiday, makes the fall that much harder.imo.
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TGT


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MRO —eps gives zero edge on when to short MRO.
volatile. I’m pretty sure this isn’t going to 35, AT ALL.
30% less eps, than the 35 high.
usually, but not always, refineries fall when UGA prices fall.


If you can read email, Jeff and his Crew are the best, and will make you a fortune trading stocks! Make money All Day Market open…


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The Christmas Stock Market Rally is Coming Up

Oct. SP500 earnings for Q3, 2011 beat the street by an average of 2 to 3%.
This sustained the market price quite well,
until the recent 10-12% pullback, going into
The Thanksgiving stock market holiday.
The Eurozone passed a 1.4 trillion bail-out package in late Sept.
My Hot Stocks for December will be posted in the weeks ahead.
Be sure to bookmark this site!!!
There should be plenty of trades in Dec. for a quick 5% or greater move.
The Current Watchlist, includes BRCM,UAL, the gold and silver stocks, and financial stocks, as well as a whole host of stocks in the other sectors.
SATURDAY UPDATE 11-26
members can log in to see where all the DIA supports are for December—

Boardwalk Empire – Arnold Rothstein the Gambler

Oil is still stubbornly high and, in a real meltdown,
it should fall back to the $80s. It Hasn’t done this. It doesn’t look it will fall back to $80. Supports the theory that a x-mas rally is coming.
At the moment, I’m hoping the Dollar stops at 78.80 (now 78.64)
and pulls back to give the markets a chance to recover but this is no place to be catching falling knives –
we are really getting to the point where there is the possibility of a 2008-style meltdown if confidence erodes any further.
BUT!!!
I’ll be glad when the bottom fishers arrive.
Here’s one the bottom fishers will devour, I’m certain of it!
AZN (Have a Look at the 5 month price supports, fairly obvious!!!)
When the bottom fishers do get here, they stick around for days at a time.
It’s a little known trading rule, I like to employ when the occasion fits.
BRCM at / when 29.2, is another bottom fisher favorite.
See my Previous post, QQQ, 52.2 should hold as good support!!!!
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Category: XLE sector  26 Comments
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