Category: energy
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Today’s Trade Entries: DUG and AGU
I bought 200 shares of DUG at $46.56. DUG is an ETF that is short oil and gas. Looking at the chart, we see major accumulation and a pullback to a major moving average and price support. Note that this is the opposite of what is happening in the oil…
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5 Profitable Energy Charts
Here are 5 interesting energy stocks. I’ve included longer term charts. Each has a slightly different pattern and can be played in multiple ways. RIG (Transocean, Inc.) is looking good right now. We’ve got a support converging at both the breakout point and the 50 day moving average. My only…
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Boone Pickens on Oil
No surprise here, oil tycoon Boone Pickens is an oil bull. According to Mr. Pickens, we are not near a top, although there could be a short term correction. I’m looking to buy on a pullback to the mid 70 range. MT TradeBuilding a Better Watchlist
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Sector Spotlight: Energy – Part 1
Energy stocks having been on fire. While it’s too early to tell, I suspect we may be in the midst of resuming a multi-year energy bull market. I certainly don’t want to miss the boat if this is true, so I skipped my usual Saturday nap (after playing tennis or…
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Trade Update: QID, QID (not a typo) and VLO
I sold 1000 shares of QID at $56.55 (entry at $53.82) for a $2730 gain (+4.8 %). To be honest, I probably would have held on if it was not for the fact that I had a limit order in place overnight. So I re-entered a few minutes ago. I…
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Today’s Trades: CAL and USO
I re-entered a 500 share short position in CAL at $41.60. This is an aggressive play, as the stock has not yet broke the forming head and shoulders pattern. I also bought 500 shares of USO at $46.80. My target is $50, which is just under the 50 day moving…
Paul J Singh 