Crude Rising

Crude Rising

Crude is moving well this morning.  The $USO is up 3% after opening the new year with a gap lower open.  Highlights:  The $USO is working on only its second weekly gain over the last 13 weeks.  This steep decline has traced out an ugly bear channel.  It may soon give...

The Most Hated Sector

In the past 28 years, there have been two times when every stock in the S&P 500 Energy sector was below their 10-, 50-, and 200-day average and more than half were trading at 52-week lows. 1) During the very depths of the 2008 financial crisis. 2) Now Hat tip...
Natural Gas Continues To Ramp

Natural Gas Continues To Ramp

Natural Gas is surging again today.  The $UNG is up over 4% after another huge gap higher open.  An initial test of the 40 week moving average($33.10)is coming.  Since inception(April 2007)the $UNG has remained below this long term indicator.  Since its Oct....
Crude Crumbling

Crude Crumbling

$USO under heavy pressure this afternoon after a promising start.  Crude opened above Friday’s high and remained in the green for the bulk of the day.  A late sell off has pushed $USO to new November lows as the current losing streak stretches to a record 11...