winter coming up, Natural Gas spot has already broken out - NGS appears to be lagging, presents a good long opportunity low liquidity/ low market cap adds to the risk reward balance The guys on TIP The Investor's Podcast typically have good calls, look at the BBBY returns (from $9.00)
So far 3 up looking for push to 161.8 fib PB and higher high ie still favours VLO short term
SLB bullish versus bearish
Not confirmed abt 45+ long term but 40+ sure confirmed game. Let RSI move down lit bit more and touch yellow line. Then go long
Added some calls here. Planing to sell in Aug
SLB and HAL 2 examples of top holdings. It's time for the down trend pressure to end for now. This is a slow moving sector and most all stocks in this space gaped lower after last earnings. Time to create a shopping list if dip buyers show up.
Looking like the dollar crossing the daily trend line is a failed rally. More down side to come in the very very near future.
EARNINGS The earnings on tap aren't looking very enticing to me, as I generally look at getting in on these where the implied volatility rank is >70% and the background implied volatility is >50%. However, they might be worth watching running into earnings to see if implied ramps up. KMI (implied volatility rank 79/implied volatility 30) announces earnings on...
Trying to pick the exact bottom is a fool's errand. SLB entering an Accumulation Buy Zone between recent pivot lows. Low risk entry in this region if willing to hold.
Trend line set up 2013-2015 continued to provide support in Oct2015 but at the start of this year has broken down. Looking to short a rally.
HP is a well-managed company that lost about 45% of its stock value during the once in a lifetime epic oil downturn. Its prospects look bright as the oil market starts to rebound. The charts also indicate it's about to spring up with a triangle pattern showing seller being edged out. Throw in a 4% dividend right now and it looks like you've got yourself a winner.
In my opinion, $77.50 is a critical support for #SLB. It will be my entry price if #SLB will hold and reverse at this price range.
I read this article > www.stockgumshoe.com and then, this is an idea, I'd like your point of view.
$SLB looks like an ascending triangle/inverted head and shoulders/channel up. Recent candle is bullish engulfing bouncing off of 50 ma. Price currently above all moving averages.
Will SLB break $81 and head higher? Or is it forming a top, only to be crushed by oil market once again?
Oil has seen its lows, Iran saying it will go along with production freeze could lead to higher oil prices I believe, so SLB is the safest oil play. Would take small stake here and buy larger stake upon breakout of consolidation of prices in 3 to 4 weeks.
Next week is literally hopping with potential earnings announcement plays. I've tried to pick out the ones that (1) have > 70% implied volatility rank; (2) offer greater than a 1.00 credit ($100) for the "classic" one standard deviation short strangle setup; (3) have fairly good liquidity with options prices; and (4) offer weeklies, but there are also a few...