Saturday, December 10, 2016
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Late Night Strategy for Friday

HTm0K4L

A consequence of the energy sector being a strong hideout of late, amid the damage suffered in the growth parts of the tape, is that many energy stocks are now too crowded, short-term.

As a result, I expect names like SLoB to correct a bit.

On the daily chart, below, the large oil services stock is ripe to come in some more, perhaps down to its 50-day moving average into next week after the reversal candle last week and Thursday’s base breakdown attempt.

Drop me your top tickers overnight.

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SLB

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6 comments

  1. Will

    The ticker typo made me laugh. Great symbol for a short play.

  2. Mac David

    YNDX

  3. bushwacker2

    QCOM

  4. Robert

    CMG
    SONC
    PZZA

    Thanks

  5. Turd

    $LNKD – failed to hold
    $TWTR – COO sold
    $FUEL – earnings cold