Yep, good week for DUG, DRIP & ERY. Got stopped out
during that strong bounce after the breakdown out of the diamond,
but re-entered when /CL approached the BO point. I was a bit
cautious as the 9 was poking above the 20, so positions aren't full
size, but still a nice trade. Trimmed up as we neared
previous support but still have a little to run, looking for a
return to the $61.50 area and/or the 200MA.
Posted by jj4376jc on 19th of Aug 2021 at 03:18 pm
Nice, wish I would have paid more attention to that one a couple
weeks ago when Matt mentioned it looking bearish. I went ahead and
sold some calls for a small trade, if it bounces I may sell some
more
XLE Views
Posted by steve on 19th of Aug 2021 at 03:12 pm
XLE - Chart Link
XLE - Chart Link
Tough week for energy
Yep, good week for DUG,
Posted by rjdst on 19th of Aug 2021 at 03:40 pm
Yep, good week for DUG, DRIP & ERY. Got stopped out during that strong bounce after the breakdown out of the diamond, but re-entered when /CL approached the BO point. I was a bit cautious as the 9 was poking above the 20, so positions aren't full size, but still a nice trade. Trimmed up as we neared previous support but still have a little to run, looking for a return to the $61.50 area and/or the 200MA.
Nice, wish I would have
Posted by jj4376jc on 19th of Aug 2021 at 03:18 pm
Nice, wish I would have paid more attention to that one a couple weeks ago when Matt mentioned it looking bearish. I went ahead and sold some calls for a small trade, if it bounces I may sell some more
6 mos view of XLE
Posted by fredsaid on 19th of Aug 2021 at 05:11 pm
6 mos view of XLE looks like a big H&S