Late Night Strategy for Friday

573 views

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.

____________________________________________________________________

SLB

6 Responses to “Late Night Strategy for Friday”

  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

Comments are closed.
Previous Posts by chessNwine

Late Night Strategy for Friday

573 views

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.

____________________________________________________________________

SLB

6 Responses to “Late Night Strategy for Friday”

  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

Comments are closed.