27
Jul
Wrap – Week Ended 7/26/13 (In Progress)
Most comments will be in the Monday post but we'll highlight a couple of items from the table below later today.
27
Jul
This entry was posted on Saturday, July 27th, 2013 at 5:57 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Solar Stocks
High tight price setup. Demand volume positive/flat. Noticed solar relative strength on Friday.
http://i1223.photobucket.com/albums/dd503/zorgnak/solar726_zps1adf6ce0.png
Solar shorts covering.
http://finance.yahoo.com/news/short-interest-solar-energy-companies-132052484.html
July 27th, 2013 at 8:32 amRefiners
Relative strength on Friday's down strong down move. Demand volume positive divergences long and short term.
http://i1223.photobucket.com/albums/dd503/zorgnak/Refiners726_zps31b029dd.png
July 27th, 2013 at 8:41 amNat Gas Producers
Consolidation after Thursdays break out day. Long term demand volume uptrend.
http://i1223.photobucket.com/albums/dd503/zorgnak/NGas726_zps5fa390f9.png
July 27th, 2013 at 8:47 amXOP
Aggregate long term demand volume uptrend intact. Price consolidation.
http://i1223.photobucket.com/albums/dd503/zorgnak/XOP726_zps104f89a4.png
XLE
Minor correction so far with long term demand volume up trend intact.
http://i1223.photobucket.com/albums/dd503/zorgnak/XLE726_zps63793eb7.png
July 27th, 2013 at 9:05 amCoal Producers
Strong relative strength on a down day. Demand volume uptrend. Supply and long term price downtrend overhead.
http://i1223.photobucket.com/albums/dd503/zorgnak/COAl_zps05f821bd.png
July 27th, 2013 at 9:20 amOIH
High negative volume day. Demand volume weak. Minor CLVN support at 44.78
http://i1223.photobucket.com/albums/dd503/zorgnak/OIH_zps2d153f20.png
http://www.charthub.com/charts/2013/07/27/stock_master_65_1307270735
July 27th, 2013 at 9:36 amS&P Long Term (Weekly Chart)
Demand volume uptrend intact and confiming latest upside break.
http://i1223.photobucket.com/albums/dd503/zorgnak/SPYLT_zps5395fb90.png
Short Term (Daily Chart)
Volume Profile Shows minor correction closing above the volume pivot at 1677.75. Mkt continues to build acceptance above previous lower range.
http://www.charthub.com/charts/2013/07/27/es_master_1307270856
Demand volume flat/positive.
http://i1223.photobucket.com/albums/dd503/zorgnak/SPY_zpsee6e22ec.png
July 27th, 2013 at 11:00 amGeorge Mitchell
The states of North Dakota, Pennsyylvania, and Texas in particular, our Nation, and the world in general owe receogmition to Goeorge Mitchell. His unrelenting persistent conviction in finding a way to realize the potential of shale gas & oil have altered the landscape of the energy business worldwide. He succeeded where many of the largest and most advanced companies failed. By realizing the potential of horizontal drilling and and hydraulic fracturing in shale he has enabled the USA to dramatically reduce our dependence upon foreign NG and oil……….. while simultaneously to become the low cost producer of NG.
When you think about the amount of capital investment, employment , and economic activity [direct and inderect] resulting from his work it is just staggering. We are the world leader in a technolgoy which will shape energy markets for years to come.
And he used his fortune he earned from this GOOD WORK to GIVE BACK to others.
What an exmple of the human spirit.
GOD BLESS Geroge Mitchell.
July 27th, 2013 at 1:31 pmZ—I'd appreciate your thoughts on WLL, given positive tone of recent quarterly and the three upgrades you cites on the Friday post.
July 27th, 2013 at 5:16 pmSLCA Breakout trade setup above 24.10. 21% short.
http://www.charthub.com/charts/2013/07/27/stock_master390_1307271526
CRR was 46% short. Up 34% in July
July 27th, 2013 at 5:33 pmusing more natural gas……
ttp://newsroom.fpl.com/2013-07-26-FPL-selects-Sabal-Trail-Transmission-and-Florida-Southeast-Connection-to-build-new-natural-gas-pipeline-system-into-Florida
July 27th, 2013 at 5:43 pmre 9 – no problem, will put a section on it in the Monday post.
July 27th, 2013 at 7:24 pmSome weekly charts of note
CHK 52 week high.10%short. Top of long term volume base.
http://www.charthub.com/charts/2013/07/28/stock_master390_1307280647
SWN
http://www.charthub.com/charts/2013/07/28/stock_master390_1307280648
PVA
http://www.charthub.com/charts/2013/07/28/stock_master390_1307280658
July 28th, 2013 at 8:59 amMore weekly breakout setups..
WLL
http://www.charthub.com/charts/2013/07/28/stock_master390_1307280704
XCO 9% Short
http://www.charthub.com/charts/2013/07/28/stock_master390_1307280706
XOM Held previous week's breakout
http://www.charthub.com/charts/2013/07/28/stock_master390_1307280708
July 28th, 2013 at 9:09 amWPX
http://www.charthub.com/charts/2013/07/28/stock_master390_1307280716
CRK 15% short
http://www.charthub.com/charts/2013/07/28/stock_master390_1307280718
GPOR 12 % short
http://www.charthub.com/charts/2013/07/28/stock_master390_1307280720
July 28th, 2013 at 9:21 amSAC
"NO major financial firm has survived a criminal indictment"
http://www.nytimes.com/2013/07/28/business/how-to-gauge-sac-on-the-richter-scale.html?_r=1&
July 28th, 2013 at 9:33 amGS Commodity Index…failed again at downtrend line
http://www.charthub.com/charts/2013/07/28/stock_master390_1307280757
July 28th, 2013 at 9:58 amCrude Oil Futures Long Term
Price at top of long term volume range. Note low volume area below the CHVN at 105 and the Major CHVN/acceptance area at 96. In each case since 2008 the trip from upper 105 to 96 has been fast with overshoot to the downside.
http://www.charthub.com/charts/2013/07/28/crude_oil_multi_period_1307280808
July 28th, 2013 at 10:14 amNat Gas Long Term
Trading below major long term acceptance at 3.74
http://www.charthub.com/charts/2013/07/28/ng_composite_1307280826
July 28th, 2013 at 10:28 amThanks for the chart updates, Zorg. Commodities, WTI and natgas all look bearish to me on a short-term basis, with WTI most vulnerable and natgas closest to a bounce. Q2 GDP will be out this week and some are predicting as low as a negative read, which will not be helpful to these commodities. Perhaps that will be the stimulus to move these lower and provide later setups for longer-term positions.
July 28th, 2013 at 11:42 am#20 That's pretty much the way I see it in the commodity charts. Nat Gas stocks seem to be talking to us here….
Here's one more for the pile. The $USD weekly showing the dollar coming back fast to long term acceptance at 80.62. I don't see much in the way of correlation with the dollar over the last 180 days(SLV is one). On the other hand the Yen carry trade(see chart below) is still a big factor along with POMO. FED announces Augusts schedule next week and I'll be curious to see if there's any change to the full throttle buying without a day of selling that we've seen for the past several months.
http://www.charthub.com/charts/2013/07/28/dxy_master_1307281005
YEN S&P correlation
http://i1223.photobucket.com/albums/dd503/zorgnak/Yen_zps1d2e9bf4.png
July 28th, 2013 at 12:36 pmsimilar setup for REXX
July 28th, 2013 at 1:15 pmZ—-what are you doing to protect your positions from a downdraft in the shares in the various portfolios if brent/wti drop sub-100? I know you expect a pendulum swing in share prices that may exaggerate to the negative. Are you 100% long in names?
July 28th, 2013 at 3:40 pmre 23 – will reply in Monday post.
July 28th, 2013 at 3:43 pmre: 22
good question. i think the subject was touched on last week, but a more detailed response is welcome.
July 28th, 2013 at 5:37 pmThe Great Rotation
http://www.thereformedbroker.com/2013/07/22/chart-o-the-day-rotation-now-undeniable/
July 28th, 2013 at 7:19 pmZorg.
there seems not only to be a rotation from bonds to equity, but also a rotation within the equity market. more recently it seems there has been a move from staples to cyclicals.
July 28th, 2013 at 8:31 pmmaybe said that hastily. they are actually buying everything. just realized JNJ hitting new all tme highs
July 28th, 2013 at 8:44 pmmerger Monday
http://finance.yahoo.com/news/flotek-industries-announces-intent-acquire-094500124.html
July 29th, 2013 at 7:35 am