as I mentioned last night

    XLE KISS

    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

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!