As you know the XLE KISS flipped back long in early Nov and
energy stocks had quite a run up, got over extended last week and
pulled back into yesterday.
The daily ribbons, the BPT MA Deluxe has been red for 2 days. We
have a buy cycle on the 120 min time frame. notice how wide the
ribbons got on that 195 min early last week, the derivative
indicator there at the line was saying a pullback was coming which
it did.
as I mentioned last night the energy names are interesting here
now that they've had a nice pullback. On the daily KISS the BPT MA
has been red for 3 bars above the ribbons, that's in the range
where I start to look for a lower risk buy in an uptrend. On the
120 min time frames you have cycle buys. probably low risk for a
trade anyway with a tight stop below the cycles.
overall these still could use perhaps more of an abc type
consolidation, so far more of an A move down, so this might simple
be a B wave type bounce off here, then another C which could be
more of a shallow pullback or sideways move to give one of those
red,green,red, green color pallets to the BPT MA Deluxe that are
really ideal
Thank you for that. I was losing patience with my energy stocks
but instead I should have been adding, it looks. One of them
stopped out yesterday and up big today.
XLE KISS
Posted by matt on 1st of Dec 2020 at 04:04 pm
As you know the XLE KISS flipped back long in early Nov and energy stocks had quite a run up, got over extended last week and pulled back into yesterday.
The daily ribbons, the BPT MA Deluxe has been red for 2 days. We have a buy cycle on the 120 min time frame. notice how wide the ribbons got on that 195 min early last week, the derivative indicator there at the line was saying a pullback was coming which it did.
as I mentioned last night
Posted by matt on 2nd of Dec 2020 at 09:54 am
as I mentioned last night the energy names are interesting here now that they've had a nice pullback. On the daily KISS the BPT MA has been red for 3 bars above the ribbons, that's in the range where I start to look for a lower risk buy in an uptrend. On the 120 min time frames you have cycle buys. probably low risk for a trade anyway with a tight stop below the cycles.
overall these still could use perhaps more of an abc type consolidation, so far more of an A move down, so this might simple be a B wave type bounce off here, then another C which could be more of a shallow pullback or sideways move to give one of those red,green,red, green color pallets to the BPT MA Deluxe that are really ideal
updated view, nice move there
Posted by matt on 2nd of Dec 2020 at 10:59 am
updated view, nice move there this morning off the cycles
I put some of the
Posted by matt on 2nd of Dec 2020 at 11:25 am
I put some of the XLE kiss up on the Zoom
Thank you for that. I
Posted by lapri24 on 2nd of Dec 2020 at 11:23 am
Thank you for that. I was losing patience with my energy stocks but instead I should have been adding, it looks. One of them stopped out yesterday and up big today.
Thx for posting that earlier
Posted by racerick on 2nd of Dec 2020 at 11:15 am
Thx for posting that earlier
nice move already in the
Posted by matt on 2nd of Dec 2020 at 10:32 am
nice move already in the energy names since I mentioned below
Thanks !! for the info
Posted by najor on 1st of Dec 2020 at 07:04 pm
Thanks !! for the info wish the 120 minute and daily could be posted daily on the XLE and maybe gold . Thanks again