22 Apr
Some of you today started talking about the refiners, and specifically (TSO: 18.98 -1.56%).
I do not understand why the refiners have been punished as crude has moon shot. I do not know what a crack spread is. Basically, I rarely trade oil, because I always seem to lose, and obviously I do not know dick [...]
Posted in Reader Requests by: Woodshedder
12 Comments
27 Mar
I believe it was Cubs Rock that asked me to put up a chart and give an opinion on (XHB: 15.98 +0.57%).
Since January, the etf has spent more time overbought than oversold. The 50 day average has turned up and is tracking to cross back above the 200 day average. A new uptrend has begun, evidenced [...]
Posted in Reader Requests by: Woodshedder
5 Comments
10 Mar
Employee8 asked today in the comments section about several charts. I think he may have answered (or the market did) his own question on (MOO: 57.25 -0.69%). However, he mentioned that the guys on Fast Money were talking about (CHK: 66.78 -3.78%) and (JOYG: 70.30 -1.47%), and he wondered what my opinion is about them, [...]
Posted in Reader Requests by: Woodshedder
7 Comments
16 Dec
A reader (sorry, can’t remember who) asked about (GLD: 92.06 -1.19%) forming a triangle.
It certainly seems to be, although a case could be made for starting the bottom line in the October gap-up, which would make the triangle not-quite-so-pretty as I’ve drawn it. Keep in mind where one draws this bottom line is somewhat more [...]
Posted in Reader Requests by: Woodshedder
2 Comments