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I have hesitations being bullish oil stocks due to the continued long term weakness in crude that may develop soon. With that said we have extreme compression and probable tilt for another thrust up in $MRO. Happy Trading,
After great volatility compression the $Spy has an edge to the upside. Great compression in BWA which I have been stalking for weeks now like a patient panther waiting to attack. Notice the last 5 days the stock is coiled tight. Should be a large trend day today. Happy Hunting
One of the cases when support and resistance may actually matter. Possible hedge short on HRL. Happy Trading,
How do markets move? Think about that question! In martial arts the patterns for movement are the same. Compression and expansion , energy coils and explodes. Markets move in a similar way and at times a very simple way. You will witness a thrust and then a pull back, after the market coils its energy it is probable to see … Continue reading
Be sure to watch this video ideally in HD. Happy Trading, Glenn Lucero p.s Always feel free to reach out to me if you have any questions