22
Apr

Wrap – Week Ended 04/21/17

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The ZLT was down 3.8% last week with (oil off 6% on the 12 month strip while the gas strip faded 3%) and is down 13.8% on the year.

The XOP was off 3.4% last week and is down 15.2% on the year. 

The Blotter is updated after we added our first shares since March 1 in the personal accounts. 

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2 Responses to “Wrap – Week Ended 04/21/17”

  1. 1
    RB Says:

    AR has a single bar bottoming pattern that is of interest to me.  It will need follow through on Monday to confirm, but if this thing takes out the high of Friday's bar it could put in a nice oversold bounce.  I have a small buy stop in at 21.52; will get more interested above 21.60.   https://stockcharts.com/h-sc/ui?s=AR&p=D&b=5&g=0&id=p11129737175&a=519694532

  2. 2
    RB Says:

    PE from a purely technical standpoint, this triangle breakdown is scary.  But sometimes these triangle breakdowns or any breakout or breakdown can be false moves.  Not saying buy/sell or anything.  I hold a large position here and will be watching very carefully the low of the pattern here.  If this stock holds here and gets started again this could be a really nice entry area.  But we have to get some stability in oil and some things to work for that to happen.  

    I used to get frustrated playing these patterns but sometimes just thinking the what if this pattern is a false tell can keep your focus on high quality stuff at the right time.  Time will tell.  https://stockcharts.com/h-sc/ui?s=PE&p=D&b=4&g=0&id=p83962247533&a=503496561

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