XLE what goes up, must come down…Merger Activity should help All sectors on Mon.
By Monday afternoon, for swing trader’s ..be ready to short sell Energy sector,
(SU and NFX ,UPL or XLE..are good to short.) …
Tues.. Energy faces two challenges, going into Tues. …
Therefore XLE will be down on Tues.
The tues. XLE nervousness stems from the up and coming WED. OIL supply report and WED> GDP report…
XLE, also brings down OIH and SOLAR SECTOR...>>, and every once in a while Housing…
XLE wed..???? I have to see OIL supply report…But if TSO VLO SUN are crashing, then it’s safe to say, the OIL report was bullish….too, much gasoline…
EMAIL ME !!! anytime
5 comments:
pcar ,
I doubt PCAR goes straight down, guys...i'm looking for pcar to form a cup.....and then sink for real......Try to remember...once my picks go into play, they can stay in play up to 10 trading days....
The advantage I carry with me, is the fact I isolated the top number....(PCAR 78.2)
CHAP..If i have that right..short @ ..57/58...The whole steel sector should correct right along with CHAP....Wouldn't that be a nice paycheck?...
Zee-- query on your EPS numbers. Where do you get them? Also, are you presenting them chronologically nearest to oldest?
And the slash... is that comparing last year's number or comparing against projected EPS?
Jake. I go to this link and type in several companies at once
http://finance.yahoo.com/q/cq?d=v1&s=sndk+pcar+chap+ice+cme+su+fcx+
a list appears…I click on edit…
STEP 2 View fields…I set the field up to show
Eps est “current year”
Eps est “next year”
I also keep records of 200- day Moving AVG.
Pct change from 200 day…
After I have filled out the “View fields” from drop down menu…I click finish…
I usually do this for all 500 companies I follow (in alphabetical order) I use msft word to store info.. I hand type in “
I’ll use sndk as example mr25 ..(today’s date)…..(1.17/2.23…=.07/08..eps est earnings)….46.5* = 200 d ma…..-3.5* = 3.5% under 200d ma…
END RESULT looks like this….
SNDK mr25 1.17/2.23 46.5* -3.5*
After a few months of storing SNDK numbers SNDK looks like this
Sndk m21 1.17/2.21 46.5 -6 f23 07/08 1.64/2.44 j10 2.39/2.76 49.1y n25 2.41/2.77 o22.+0./.+0.....2.39/2.78..jn1 06/07 2.31/ 2.78 fwd 5yr 20% ;;
Sndk m21 1.17/2.21 46.5 -6 f23 07/08 1.64/2.44 j10 2.39/2.76 49.1y n25 2.41/2.77 o22.+0./.+0.....2.39/2.78..jn1 06/07 2.31/ 2.78 fwd 5yr 20% ;;
I see right away from the numbers that SNDK should be 30% or more …off it’s 2006 highs…and is a short sell around it’s 200 day….
So I put SNDK..in my
Then I go to the charts and work on the percentages I”LL need to perfectly nail the top price…sometimes to within 6 cents….
“”I can successfully shortsell this stock “FILE”….
p.s.jake
I didn't know ICE was in a bidding war with CME....Now i know why you and beannie kept saying ICE 110 and lower...I have to get out of my ICE calls right away....thanks..
You're most welcome. Truthfully, I was basing my target more on what the chart looked like, with flagging indicators all around.
Aside: did you get a look at that rant MAS left on Beanie's site, and then on his own? Guy must be missing a screw or two...
Post a Comment