CHK good lord. Down 15% again today. SWN down 10%. COP down 9%.
The ACD Method
- Thread starter sbrowne126
- Start date
Everybody that thought the bottom was in on Friday must have changed their mind and dumped today.
https://rbnenergy.com/the-downward-spiral-why-the-recent-crude-price-collapse-was-unusually-severe
This is a great article if you guys want to learn about what's going on fundamentally with crude especially as it pertains to the forward curve. You're welcome in advance.
This is a great article if you guys want to learn about what's going on fundamentally with crude especially as it pertains to the forward curve. You're welcome in advance.
Number lines are firming up and we might start establishing some ranges here. Oil and natty firming as well. Vol indicator cooling off. The financials look completely awful. XLE is a running joke. But tech is looking decent here and the overall market sans energy is stabilizing. Obviously the Fed can change this a lot this week and if we start to see those energy bankruptcies a lot can change but we still might be a few months away from those.
That's already taken into account.
Getting very bullish here....added long oil exposure and ES via options.
All number lines...