I watch OXY which as we all know is owned by Mr. Warren Buffett
. It is off the highs by 20 percent and is this a sign that OIL
stocks are not so safe if we do have a very slow world economy in
2023
Having fun with RIG as a wild short that continues today.
It opened at 5.50 where I was lucky to cover my shorts from
premarket 6.30. Then put short on at 6.25 with all drillers
especially OIH weak too. Sorry unable to update the
community. but most know I have been cautious with the group like
NINE BRY SLB OIH. Covered most of RIG 6.12 but
keep small, short.
I took a good look at OIH: SPY ratio on daily chart and it had
several divergences on recent run up especially versus NOV 7 highs.
This maybe a reason why SLB and NINE and others are
struggling for the first time.
Drillers are under pressure this a.m. ever since OIH huge red
candle and SLB earnings that were good but poor stock action. Any
ideas why? I did short my favorite RIG 6.24 and covered at
6.11 in a short time. NINE looks tired and rightfully so after
monster run
The community is delayed by three days for non registered users.
I watch OXY which as
Posted by rbreese on 24th of Jan 2023 at 01:47 pm
I watch OXY which as we all know is owned by Mr. Warren Buffett . It is off the highs by 20 percent and is this a sign that OIL stocks are not so safe if we do have a very slow world economy in 2023
12 months + 1 free Select $179.40
Posted by rbreese on 24th of Jan 2023 at 01:42 pm
It is very cheap I
StockCharts subscription: The website will not give me pricing without ...
Posted by rbreese on 24th of Jan 2023 at 01:40 pm
It is very cheap I am a member but not sure what level you want. Mine is very basic service.
Having fun with RIG as
Posted by rbreese on 24th of Jan 2023 at 01:20 pm
Having fun with RIG as a wild short that continues today. It opened at 5.50 where I was lucky to cover my shorts from premarket 6.30. Then put short on at 6.25 with all drillers especially OIH weak too. Sorry unable to update the community. but most know I have been cautious with the group like NINE BRY SLB OIH. Covered most of RIG 6.12 but keep small, short.
Yes, he works with Lee
Key Takeaways Mark Newton SPX and NASDAQ now are arguably both ...
Posted by rbreese on 24th of Jan 2023 at 01:16 pm
Yes, he works with Lee . He does really believe in cycles too besides Demark.
Yesterday AR and RRC were
Posted by rbreese on 24th of Jan 2023 at 12:53 pm
Yesterday AR and RRC were mentioned as shorts and both for sure were.
Besides SLB now HAL B
Posted by rbreese on 24th of Jan 2023 at 12:48 pm
Besides SLB now HAL B KR rolling over. Is it a sign China will be not a big consumer or that USA slows down soon ?
Shorted BRY a small driller
Posted by rbreese on 24th of Jan 2023 at 12:20 pm
Shorted BRY a small driller at 9.41 covered half at 9.24 . REST of BRY bought back 9.23
Is NINE telling us that
Posted by rbreese on 24th of Jan 2023 at 12:16 pm
Is NINE telling us that the earnings of many small drillers will be weaker than anticipated?
Key Takeaways Mark Newton SPX and
Posted by rbreese on 24th of Jan 2023 at 10:00 am
Key Takeaways Mark Newton
Acting well yes but rest
Boy the drillers continue weak like OIH NINE RIG
Posted by rbreese on 24th of Jan 2023 at 09:51 am
Acting well yes but rest of group is under distribution .
Boy the drillers continue weak
Posted by rbreese on 24th of Jan 2023 at 09:43 am
Boy the drillers continue weak like OIH NINE RIG
RIG my favorite short. Shorted
Posted by rbreese on 24th of Jan 2023 at 09:38 am
RIG my favorite short. Shorted at 6.30 premarket and opened at 5.50 then shut down with no news I can find.
BIG red candle on NINE
Posted by rbreese on 23rd of Jan 2023 at 04:39 pm
BIG red candle on NINE today is of concern. Thoughts after Monster move up.
It did get extended too.
I took a good look at OIH: SPY ratio on ...
Posted by rbreese on 23rd of Jan 2023 at 12:28 pm
It did get extended too. Thanks on your opinion .
I took a good look
Posted by rbreese on 23rd of Jan 2023 at 12:23 pm
I took a good look at OIH: SPY ratio on daily chart and it had several divergences on recent run up especially versus NOV 7 highs. This maybe a reason why SLB and NINE and others are struggling for the first time.
Key Takeaways Mark Newton update SPX
Posted by rbreese on 23rd of Jan 2023 at 10:53 am
Key Takeaways Mark Newton update
Drillers are under pressure this
Posted by rbreese on 23rd of Jan 2023 at 10:12 am
Drillers are under pressure this a.m. ever since OIH huge red candle and SLB earnings that were good but poor stock action. Any ideas why? I did short my favorite RIG 6.24 and covered at 6.11 in a short time. NINE looks tired and rightfully so after monster run
BOIL out 10.29 UNG out
Posted by rbreese on 23rd of Jan 2023 at 07:35 am
BOIL out 10.29 UNG out at 10.74
Took nice gains on UNG
Posted by rbreese on 23rd of Jan 2023 at 07:29 am
Took nice gains on UNG and BOIL in pre-market