8.3 C
New York
Thursday, March 28, 2024

Energy Stocks

Energy Stocks

Courtesy of Allan

In keeping with our sector theme, below are some energy-related ideas across different time frames to illustrate how trends can make great swing trading vehicles regardless of time horizons.  

OXY_Weekly Trend Model

Occidental Petroleum will always have a place in my heart.  It was the summer of 1978 and I was on vacation in Chilmark, Martha’s Vineyard.  During a rare bout with sobriety I purchased some OXY options that  tripled in value in the ten days I was on holiday.  This was a time before personal computers, cell phones, or instant quotes, just me, a transistor radio on the nude beach, a dial-up phone at the cottage and a Merrill Lynch broker in Atlanta.  The birth of a career, a passion and a new found respect for lucidity even when all those around you are crumbling into chaos and debauchery.

 
SCO_Daily Trend Model
 

The investment will seek to replicate, net of expenses, twice the inverse daily performance of the Dow Jones AIG Crude Oil Sub-Index. 

Note the pattern of whips-saws followed by huge percentage gains.  Discipline and money management are all that need be added to this model.

SCO_15 Trend Model

Although I don’t presently trade this 15 minute model, the chart makes a compelling case for doing so.  

Market Notes:   I am not going to use the C word today, but the elements are building and I’ll likely be going into a more detailed evaluation of the potential in my Weekend Update.   

Allan’s “Trend Following Trading Model” is based on his trend-following trading system. Most trades last for weeks to months. Allan’s offering PSW readers a special 25% discount. Click here.  For more details, read this introductory article.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,452FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x