I posted this graph on Jan 9 & possible rebound on Jan 10. It didn’t happen yesterday but we have a strong rebound today.

Here is the daily chart of XOIL:

Even though I thought it would rebound as previously, it  has gone as 2nd day as in 2nd arrow from left.  It is a bullish engulfing candle pattern today.  Again, technically we should have another up day.

The problem is many of the US Oil & Gas stocks rebounded with oil uptick but the Canadian ones didn’t. I wanted to but I kept discipline in not chases CPG or ERF on the way down today.  It was about 10 -20 cents different from yesterday.  I like to see a bounce to sell some on the way up in the next 2 days.

Let’s think positive.

Happy Trading

It did go up & some stuff was sold like clockwork – I am talking about $50 in one account and about $150 another.  Simple – no muzz, no fuzz kind of trades. Here is the skinny on that:

First my call option that was purchased @ 2.90, sold at 3.30. So normally you would calculate the difference by $100.  Sorry, can’t say how many contracts.  It is a cheap way of getting in & out of the market.  Even though I buy contracts with 3 months expiry, I sell them pretty quick as I have been burned so many times trying to be Greedy!!! That emotion again.

Now the other stock I like the volatility is NUGT. So bought a bunch around $7.00 and much of that sold for $8.50.  Tight-tight trading range but a profit is a profit. People say – how can you survive on this.  Not looking for home runs remember, every single hit brings you to a home run.

I said I was going to pick up this – check my previous blog, a few days ago. It was @ 0.3. Losing money now and hoping the upward trend maintains. Like to get out on this gold rally.

Happy Trading

See the comparison of the charts. It is good to have the display and the time frame based on the type of trader you are.

Ok – off to lunch.

Happy Trading

It is coming down to the zone……………what I will be interested are the oil stocks that are shipping down the TMX – Transmountain. ……………………because they will be getting tide price to the Asian markets.

Oops………today is Thurs. I don’t know why I thought was Friday which is Jobs Report. That will be important number……..whether markets take off or drops. That is why market is kind of not sure what to do. Big Money is wondering……………do we buy or we sell and the machines are gathering all the info to decide how they will end today……………so watch out.

Happy Trading

Haven’t checked the Jobs Report. 2yr bond yield is down. After Powell spoke…………markets took off………..not sure why it came back down……….profit taking.

Futures are up today and markets going higher. However, I can’t trust this market. Need to go to through different timeframes to verify direction of momentum.

Happy Trading

Just got back…………since there is a lag. Oil price may have hit the zone already. I will see this tomorrow.

Happy Trading

Oil goes down to zone……I am thinking of picking up some…………….all that I sold.

MEG is a consideration.

Today is volunteer day.

Happy Trading

1H chart. with zone marked. The blue lines are 5 min chart.

Watch for volatility. Powell speaks today at Noon. Things could go topsy-turvy.

Also Jobs Report tomorrow

Happy Trading

The answer is very simple……………look below. I mentioned several times – this chart and the 10 yr is always on display on my screens.

Happy Trading

Since price came down to the Buyers zone………………price is slowly creeping up. After market closes……….is so important as AMD reports earning. Keeping my fingers crossed.

Am I trading calls? See below

I have a few May Calls in some of my accounts which I need to average down. So here are some examples: In the first account I only made $9 profit with a strike of 180. The second strike of 175 I made $67 profit. Any profit is a profit. The earnings might be good or bad…………..don’t know. So I am taking both sides i.e. day trades to average down as well as make some profit.

I buy in the morning and and get out before trading day ends.

Happy Trading

Late today as I was talking to my sister in Australia. Anyway…………..today is the last day of the month. Expect some more volatility.

This is my 5 min chart.

Happy Trading

When alerts are set – this is what happens………………..look at the time. In the evening or morning before the markets open………………I already know whether the market is going higher or lower. You need to know your index to get that or watch the the chart by clicking on View Full Quote.

If you are working then in the evening – you can set your sells or buys.

Happy Trading