A lot of you guys and gals trade LABU and/or XLE. My bias is that SPX will be down significantly in a month. I thought energy stocks would be headed up for multiple reasons. LABU has dropped an awful lot and may be just following SPX down. I may just have to close my eyes and sell ( those two are considerably in the red). Any thoughts/ speculations/ sober analysis appreciated l, either way!

LABU and XLE near support. Bounce or break?

Inverted H&S on SPX 15 minute?

Down to last low now. It has to put up or shut up!  Giving it benefit if doubt since Matt clearly favored an upward resolution, but if it breaks, it breaks. Want to make sure not a fake out. 

BOIL.  October PUTS down 40%. I resisted the urge to panic sell because I have a month to expiration. Would appreciate general advice for this kind of situation where we are almost down to a support level in a strong market for oil and gas generally. Sell, double down, or watch and wait for better entry. I’m already in pretty heavy but have plenty of dry powder. Thanks for your thoughts!

YES!  Sorry. CPRX.  

CPRT: NEG DIVERGENCE and looks like REVERSAL candle to me. I’m buying PUTS. 

Thanks, Digi. I had a LOT of energy stocks and options. Trimmed and trailed. 

On September 1, Satya Nadella, the CEO of Microsoft Corp. (MSFT)sold a whopping $14 million worth of his company's stock.

Looks like Wave B is playing out. Nearing start of Wave C?

But is it Kathie  Wood certified?

Yes, but hedged. 

Chris Kimble: The stock market is falling once again, with the S&P 500 Index trading nearly 10 percent lower than its high just weeks ago.

In fact, that reaction high occurred this month so the “monthly” candle is creating a very big bearish reversal. You can see this on today’s “monthly” chart of the S&P 500 

Got it. Thanks for sharing.  

Mla , Trapdoor or Bounce? Wayfair is just what I need! This has been an amazing day. I’m tiptoeing in some hedges but still holding most of my puts. 

SPX tagged Lower Channel Line

Thanks, Bandit. 

Colgate Palmolive?

Welcome, matsch13!  I absolutely love Bavaria!  Especially Fussen!  One of my favorite spots in the world!  So sorry for all of the energy struggles in Europe now.

Switch back to BOIL now, or stick with Kold a little longer? All thoughts appreciated. It’s been a nice correction today, and I’m tempted to switch.