Tag Archives for " CVX "

0 Trend Day

The stock market pushed higher every hour today creating a solid trend day in the market and probably ran more than a few stops on the SPX. The DJIA was up 247 points today with the SPX up another 33 points and the Nasdaq up 89.

Advancing stocks led losers on the NYSE 3.3 to 1 and the volume was even more impressive with advancing volume leading declining volume by 8:1. The market has made a strong 3-day move of 3%.

In tonight’s video I look at the price action and talk about current scenarios. I also briefly check in on all trade ideas. Continue reading

0 Commodities Pressure Stocks…Again

Selling intensified on the stock market today with declining volume outnumbering advancing by an 8:1 margin on the NYSE. The DJIA was down 254 points with the SPX down 29 and the Nasdaq down 62 points.

Commodities pressured stocks as oil dropped below $42/barrel for WTI, gold dropped and copper broke to lows last seen in early 2009. In tonight’s video I look at all three commodities and then review two trade ideas entered today on Caterpillar (CAT) and Chevron (CVX). Continue reading

0 Selling Pressure

All the indices were down today with the DJIA down 56, the SPX down 6.7 and the Nasdaq down 16 points. It was not a super strong selling day but the SPX has now closed 3 days in a row below the 10ema as selling pressure resumed today.

Tonight I review all the current trade ideas including one entered today on Alibaba (BABA). I also talk about a new trade idea on Chevron (CVX). Continue reading

0 Sunday Trade Ideas Video

In today’s trade ideas video I review trade ideas closed last week on Apache (APA), Chevron (CVX) and Whole Foods Market (WFM)…all of which were in the black.  I then review 2 trade ideas that were entered and still open on Twitter (TWTR) and Visa (V). And last, I review a pending trade idea on Las Vegas Sands (LVS).

“Courage is resistance to fear, mastery of fear–not absense of fear.” —Mark Twain

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0 Waiting for the Jobs Report

The stock market paused today as it waits for the Jobs Report due out at 7:30am CT tomorrow.  The consensus according to Econoday, is for 190,000 new jobs created. Oil pulled back again today and gold continued down.  

In tonight’s video I look to see what the High Yield Bond ETF (HYG) is telling us. I also look at Las Vegas Sands (LVS), Transocean (RIG) and Newmont Mining (NEM). Today we closed a trade idea on Chevron (CVX) with a 77% gain in 5 trading days.  Continue reading