Wrap – Week Ended 09/27/13

Busy weekend on the soccer tournament front so comments regarding last week will be included in the Monday post. 

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wrap 092713

14 Responses to “Wrap – Week Ended 09/27/13”

  1. 1
    Zorgnak Says:

    SPY short term oversold and testing previous acceptance at 169. If rejected lower, next area of support is at the confluence of the CLVN, 50 MA and long term up trend line at 168. Demand volume flat.

    Profile Levels


    S&P 500 Aggregate Demand Volume

    Daily     http://i1223.photobucket.com/albums/dd503/zorgnak/SP927_zps2c71461b.png

    Weekly    http://i1223.photobucket.com/albums/dd503/zorgnak/ZLT927Wkly_zpsf13a472d.png

  2. 2
    Zorgnak Says:

    E&P Stocks…Held breakout. Long and short term price uptrend intact. Demand volume flat/rolling over.

    Daily Demand Volume


    Weekly DemandVolume


  3. 3
    Zorgnak Says:

    XOP  Volume Profile Levels….Support  at the confluence of volume base, short term uptrend line and CLVN at 63



  4. 4
    Zorgnak Says:

    Nat Gas Producers

    Daily..Demand volume flattening after breakout. Long and short term price uptrend intact.


    Weekly  Consolidates breakout from long term base. Long term demand volume uptrend intact.



    FCG  Volume Profile Levels  Above 19 breaks long term volume base from 2009 in this product. FCG still trading in congestion with minor support at 18.27, major support at 17.93. Choppy below 19 with add opportunities lower at support levels.


  5. 5
    Zorgnak Says:


    Daily Demand volume and price action set for breakout at significant long term level.


    Weekly  Demand volume supports long term breakout.


    Note/Caution. Solar ETF (TAN) extended now with 20 consecutive closes above 10 MA with volume spikes on the last two days. 

  6. 6
    Zorgnak Says:


    Daily  Demand volume perking up with positive divergence at important long term price support.





  7. 7
    Zorgnak Says:

    #6 re Refiners…Correction …This is the correct daily demand volume chart for the refiners


  8. 8
    crysball Says:

    Z or Zorgak,

    Do  you have  some  type  of graphical  representation  of  sector  rotataion (into  or  away from)   Oil & Gas  in general and  specifically E&P (particularly North  American)?   Realize  the   Big Cap  Intergrateds can   mask  or  distort    our  area  of  interest.

    Sector Rotation……….ocassionally   seems  to  be exprressed   as an  influencing  factor   in  the movement of  many  of  the stocks  Z covers,  but  not  experessed  graphicallly.

    Alternately,  is  there  any way to  graphically  present  Play  rotation…………….example   Recent   Permian  comments.


  9. 9
    crysball Says:

    Lynn  Helms [NDIC Chariman]  saying  ND  Baaken  could  reach  1.5  to 1.6 MM/bopd  by  Mid-2017………subject  to  certain  qualifications:


  10. 10
    Zorgnak Says:

    #8 crysball, I use the cumulative demand volume of 80 E&P stocks. It does a pretty good job of showing when the money begins to come in and out of the group. It's the first panel I post on demand volume. (post #2 today) The third panel on the chart earlier is the McClelland Oscillator for demand volume and is useful as any early warning of moves in the group that are not being supported by volume. It's not perfect but I find it useful for a reference for the group. I find it interesting to see what stocks lead off the bottom of the turn.


  11. 11
    italyinvestor Says:

    Chrys. Not exactly what you are looking for, but Bespoke does some sector rotation studies.  I used to subscribe but don't anymore (not trying to plug anything here).  They also often have some free studies that they post.  If you search their site for relative strength by market cap you will see a 24 Sep article that talks about recent sector relative strength where they graphically break out lg/md/sm cap relative strength and you can get a sense for rotation by RS upslopes and downslopes.

  12. 12
    zman Says:

    re 9 – thanks, not sure of his timeline but maybe. It could go there but he often talks about big gains without putting them in the context of price, so again, we'll see. Sub $80 from 2015 on and I really have doubts about his number, although that would free up services to let prices there fall a bit. 

    re Rotation – not really my thing, I'd go with Zorg in 10

    Zorg – thanks for all the levels. 

  13. 13
    tomdavis12 Says:

    NOV – Barron's positive piece.

  14. 14
    brodway Says:

    Futures down this evening.I think the 1666 level Zorg's mentioned last week as support is going to come to fruition. As i've pointed out before, its been 3 steps foward 2 steps back action for some time now and this time may prove no different.

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