Thursday, May 5, 2016
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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. The ticker typo made me laugh. Great symbol for a short play.

  2. YNDX

  3. QCOM

  4. CMG
    SONC
    PZZA

    Thanks

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