Oil and Oil Stock Setups
Thanks to OPEC we have some needed pullbacks in oil and oil stocks, and while the trend is still intact, let’s look at some “buy the dip” opportunities and what patterns we want to see first.
Thanks to OPEC we have some needed pullbacks in oil and oil stocks, and while the trend is still intact, let’s look at some “buy the dip” opportunities and what patterns we want to see first.
While it may not change the market’s trend, it could change the market’s mood and that could spell opportunity for dip buys. Let’s take a look at the FOMC Meeting Minutes environment.
Let’s do what we do every Friday, and review the core markets and the periphery to see how things are aligned into next week.
Good week by stocks, things are wildly bullish but wildly extended… let’s check out two stocks for next week.
In the simple answer: YES. I explain how and why in this update.
This is one of the most powerful tools you can use to confirm whether a symbol is one to focus on and how to identify the Directional Bias.
With indexes at lifetime highs, we need to be careful with what we’re buying, but at the same time I do want to be buying. Here’s two fresh daily Squeezes that meet my bullish criteria and are worth your consideration.
We begin tonight’s analysis with a look at the indexes and levels where we might see a pause in SPX. We then have a quick look at one of the most helpful parts of my trading plan, and what I’m looking to get into tomorrow.