I'm a veteran, trading GMR...If the market sends GMR below 24, that'll be just bad luck...It's a good shipping company, SHIPS / OCEAN....
Wait for RSI 30.99 and start buying, forget what the major indices are doing, cause GMR, usually travels it's own road...
but INT = pacific fuel, is stuck at the 200 day,so I imagine XLE is finished, too
Lots of Q3, profit warnings coming out of the major XLE stocks, CVX,COP,they complain, gasoline not as high as last year, so they are eating it...
Here's some comments i posted at Beannies
QID, buy target = 35.8...35.86 today low
CME and NYX, look finished
Try to get the
CME OCT 590 put 1.30 CME , buy back CME retest of $600
53.6 down to 50 = $3.3
now wait for up 1.65 (50% comback)= 51.65...short at that price...
and if keeps going higher then 52.5, go for it..
if you see a retest of 53.6
back in the truck
more than likely bumps up FRI, cause of retail report +06%, which is just what everyone wants to hear,
so look for retail stocks to rally FRI...
that is probably the next op, to short WFMI...eod, FRI.
I wouldn’t short FWLT ahead of bullish oil report, delayed till Thursday
forget what i said about inventory, and FWLT, FLR.
XLE is too high, right now..
Im shorting UPL, APA,NFX
INT = fuel for shipping at 200 day, short now...
SCP = coal index, double top at $330, probably fails
STQ = steel index , double top, 604, probably fails
VIX hit the 200 day yesterday, it’s up 5% today...this could be the beginning of the end
So buy VIX at 16 / 16.5 = good buy signal..
I have a 87 and 88.6 short target for IBB, still not there,
MAR, testing support 40 /41..its a buy, tomorrow, ahead of Fridays hot hot retail report
NYX failure at the 200 day, NYX is really out of favor, these days..
WFMI, i told you so, shorts at 41 and 2
CTSH, is really struggling, might be a good short, weak dollar not good..
I’m buying WAG, ahead of HOT HOT FRI RETAIL...NOV 37.5 looks good, and if WAG is ever going to reach $41, that would be the day..
YGE really wants to retest $25, i think...
Maybe overnight, HSI, gets hurt a little, by AA
CAH, i posted buy 62, now 66 thats 42 / 2 correct, past 30 days