25
Oct

Wrap – Week Ended 10/25/13

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Comments will be included in the Monday post along with next week's calendar of earnings reports we care about and The Week That Was. Have a great weekend. 

wrap 102513

10 Responses to “Wrap – Week Ended 10/25/13”

  1. 1
    Zorgnak Says:

    S&P 500/SPY/Profile Charts 

    Near support  173.56. Far support 171.21. Demand volume and breadth trends confirming recent highs and support higher prices ahead. Note poor market structure below. Pullbacks moving through low volume areas can move fast and far. Expecting pullbacks to be buyable.

    Weekly

    http://www.charthub.com/charts/2013/10/26/stock_master_weekly_131026065811

    Daily

    http://www.charthub.com/charts/2013/10/26/stock_master390_131026070601

  2. 2
    Zorgnak Says:

    E&P/ Charts

    XOP Daily  Short term momentum still in place with high volume buying and selling last week. Friday closed around acceptance at 71.22. Looking for sideways consolidation or pullback with a move below 70. Expecting pullbacks to be buyable.

    http://www.charthub.com/charts/2013/10/26/stock_master390_131026075558

    Weekly  Highest weekly volume into the XOP ETF in two years. Quick money in and out.

    http://www.charthub.com/charts/2013/10/26/stock_master_weekly_131026082217

    E&P Weekly Aggregate Cumulative Volume Chart..Volume was slow to build until the last couple of weeks then breaking out late to confirm recent highs in the group. Buying volume in the group not as strong as in the ETF but the pattern doesn't look done yet to my eyes.

    http://i1223.photobucket.com/albums/dd503/zorgnak/zlt1025_zps1f821e74.png

     

  3. 3
    Zorgnak Says:

    Natural Gas Stocks

    FCG  ETF

    Daily…. Extended at important resistance (20) pulling back on low volume. Support 19.20

    http://www.charthub.com/charts/2013/10/26/stock_master390_131026085740

    Weekly…. Extended into long term low volume rejection area. Much better volume setup than last run ups in 2011 and 2012.

    http://www.charthub.com/charts/2013/10/26/stock_master_weekly_131026090728

    Weekly cumulative aggregate volume of gas stocks continues to push higher supporting higher prices. Price uptrend intact.

    http://i1223.photobucket.com/albums/dd503/zorgnak/Ngas1025_zps04bc6c25.png

  4. 4
    Zorgnak Says:

    Solar Stocks

    Daily

    Short term cumulative aggregate volume in solar stocks rolling over.

    http://i1223.photobucket.com/albums/dd503/zorgnak/Solar1025_zps46f01f50.png

    Weekly … Extreme demand volume stalling out for now. Expecting some backing and filling. Looking for pullback and consolidation. Can see 50% more upside above recent highs.

    http://i1223.photobucket.com/albums/dd503/zorgnak/solar1025wkly_zps398534e0.png

    Weekly Solar ETF (TAN) Ran up to the top of it’s long term volume base. Heavy selling volume this week as money rotated out of high growth/momentum and Chinese stocks. 

    http://www.charthub.com/charts/2013/10/26/stock_master_weekly_131026100721

     

     

  5. 5
    Zorgnak Says:

    Refiners

    Weekly  Unable to breakout on the loger term charts. Some nice pops though pulling back on the daily charts.

    http://i1223.photobucket.com/albums/dd503/zorgnak/refiners1025_zps56fac261.png

  6. 6
    Zorgnak Says:

    Coal Stocks….. Tryiing again but demand volume(lower chart panel) doesn't look supportive of a break much higher at the moment..

    Weekly 

    http://i1223.photobucket.com/albums/dd503/zorgnak/coal1025_zpsca314220.png

  7. 7
    Zorgnak Says:

    FSLR   Consolidating at top of long term volume base. Recent supply diminishes quickly above 59

    Daily

    http://www.charthub.com/charts/2013/10/27/stock_master390_131027062313

    Weekly 

    http://www.charthub.com/charts/2013/10/27/stock_master_weekly_131027062031.png

     

  8. 8
    zman Says:

    Thanks for the levels Zorg

    The Blotter is updated

    http://zmansenergybrain.com/subscriber-data/zeb-zlt-blotter/

  9. 9
    Bill Potter Says:

    Thanks Zorg.  I needed those levels.

  10. 10
    skimo Says:

    Joan's latest on ultra deep.

    http://www.forbes.com/sites/joanlappin/2013/10/28/fcx-and-exxi-go-quiet-on-the-shallow-water-ultra-deep/?partner=yahootix

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