12
Jan

Wrap – Week Ended 1/11/13

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18 Responses to “Wrap – Week Ended 1/11/13”

  1. 1
    tomdavis12 Says:

    Interesting comments from noted Barron's Bear – Alan Abelson. "The changes to be wrought by the growing abundance of energy could prove amazing. Yet somewhat amazing has been the tepid reponse to them. That could be a blessing for an alert investor".

  2. 2
    tomdavis12 Says:

    NOG short position 10.3million vs 11.3mm as of year end.

  3. 3
    brodway Says:

    nice to see the NOG shorts getting out. seems like they are moving as fast as the price of gas, 2 steps forward 1 3/4 steps back. the direction, however, is one that suggests by the end of the year the short position should be insignificant, just in time for Zman's amazing prediction for positive cash flow. all in all this could be a great time to build a position. i've been buying the dips and averaged down when the price was under 15. 

  4. 4
    1520sbroad Says:

    Z – a couple of the folks on the Go Haynesville Brown Dense site have been tracking those production numbers on the Brown Dense wells we were talking about this week – some interesting stuff.  I put almost no value on chat room stuff but in this case it might be worth reading.  Should make the SWN Q4 call interesting…

  5. 5
    zman Says:

    re 4 – thanks, have not been watching what they've been saying, good stuff there from time to time. The allowables column speaks volumes by itself.  

  6. 6
    Zorgnak Says:

     
    BTU..Some thing to watch if you're into coal
    High volume trend break on Friday. Major long term acceptance below at 24 with far support at the  23.50 CLVN. Friday’s close triggered a  high % short term swing setup. Since 2003 same setup has resulted in 75.89% winners on 89 trades/Profit Factor 3.86. Exit on Close above 10 MA. Watch for up volume to increase.
    http://www.charthub.com/images/2013/01/13/Stock_Weekly_3.png

  7. 7
    Zorgnak Says:

    OAS High Volume reversal off a DeMark daily exhaustion sell setup on Friday. CLVN at 33.60 lower area of interest
    http://www.charthub.com/images/2013/01/13/Stock_Weekly_3_3.png

  8. 8
    Zorgnak Says:

    WLT NRP CNX and BTU all had volume spikes on Friday

  9. 9
    Zorgnak Says:

     
    S&P Futures
    Notes…. Range expansion above 1462.50, attempting balance below 1468.25 with little mkt structure above. 1455 is the volume pivot /magnet below 1460.  DeMark exhaustion setups on daily(TD13) and intra-day time frames(TD9). Demand volume positive on all time frames. Breadth is overbought. POMO supportive. Currencies supportive. Risk sectors leading. Financials triggering weekly(TD13) and daily exhaustion setups(TD9).  OIH with daily exhaustion setups.
     
    Thoughts ….. Expecting a pullback this week  to test previous volume pivot at 1455 area. A break below 1453 suggests deeper testing to 1449-46 with 1444 as key support below. Longer term upside bias is intact.
     
    CLVN=Low Volume Rejection Zone – CHVN= High Volume Price Acceptance and Congestion Zone-VPOC=Daily Most Accepted Price
    1468.25 Minor CLVN
    1462.50 Thursday VPOC/Firday Low
    1460      Minor CLVN/Transition to previous  balance area
    1455       Volume pivot for current balance area
    1453      Minor CLVN
    1446-49 CHVN
    1444.50 CLVN-Major Gap Below
    1439.50 Mini CHVN
    1428  CLVN
    S&P Futures
    http://i1223.photobucket.com/albums/dd503/zorgnak/Weekly_zpsd548b5dd.png

  10. 10
    Zorgnak Says:

    Nat Gas Futures. Long and short term acceptance/magnet at 3.47
    http://www.charthub.com/images/2013/01/13/NG_Composite.png

  11. 11
    Zorgnak Says:

    Crude Oil  Balance trading at acceptance (93). At upper end of ten week range. Demand volume remains supportive.
    http://www.charthub.com/images/2013/01/13/Crude_Composite.png

  12. 12
    choices Says:

    Negative article on North American  2013 coal exports :
    http://www.coalguru.com/north_america/us_coal_exports_to_fall_in_2013_as_economic_woes_continue_eia/6518

  13. 13
    Zorgnak Says:

    E&P Sideways/up in congestion with support at 55. Demand volume positive in all time frames.  Looks ready for more, market willing.
    http://www.charthub.com/images/2013/01/13/Stock_Weekly_3_4.png

  14. 14
    Zorgnak Says:

    OIH  at top of range with DeMark exhaustion setups on daily and intra-day time frames. Support and acceptance at around 40. 
    http://www.charthub.com/images/2013/01/13/Stock_Weekly_3_6.png

  15. 15
    Zorgnak Says:

    XLE Big cap energy trading above minor support 73.43 and major support 72.63. Demand volume supportive in all time frames.
    http://www.charthub.com/images/2013/01/13/Stock_Weekly_3_7.png

  16. 16
    Zorgnak Says:

    Nat Gas stocks (FCG). Basing below breakout point at 16.32. Demand volume flat on the daily and longer term, improved short term on Friday.
    http://www.charthub.com/images/2013/01/13/Stock_Weekly_3_8.png

  17. 17
    DaveH Says:

    CXOadvisory is discontinuing their "Guru Grades"  analysis of the performance of various professed stock market gurus.     Too bad as they had good info to debunk some less than good investment advice.  http://www.cxoadvisory.com/22478/investing-expertise/guru-grades-project-milestones/?

  18. 18
    zman Says:

    Icahn acquires 1.56% of RIG and seeks more. 

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