12
Jan

Wrap – Week Ended 01/11/19

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Our ZLT is up 14.6% YTD, in line with the XOP and Service benchmarks and roughly double large cap energy and oil and well over double natural gas and the broad markets. 

We added VWDRY to our coverage last week. Please see Friday's post here for details. 

Questions and comments under The Wrap will be addressed in the Monday post. 

 

Not a member? We can fix that.  Register at upper left or if you have questions about the site contact us at zman@zmansenergybrain.com. Want to see a sample? Check out our Thursday post which was open to the public. 

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4 Responses to “Wrap – Week Ended 01/11/19”

  1. 1
    Jerome Blank Says:

    With the recent "V" reversal experienced over the last 12 trading days,  The point and figure energy bullish percent recovered to 30, from a low of three, so now 30% of the energy names used to calculate the index are now on P&F buy signals. The risk/reward right here for a lot of the names we follow are not great right now.  From a trading perspective other than a day trade, the stops on entry really have to be below the relevant lows, and P&F resistance is not too far away, at the underside of many longer  term P&F trendlines.    For example, what do you do with FANG.  currently at $104, major resistance between $114 and $115, but the recent low was just above $85, risk is $19, reward is only $10.  In my view , you need to wait for a decent pullback to make the risk make sense.      Never got COG at $21.50,  although the bear Nat gas spreads worked out.       

  2. 2
    zman Says:

    re 1 – thanks

  3. 3
    zman Says:

    NG up 5% tonight on much colder forecasts. 

  4. 4
    zman Says:

    https://www.investing.com/commodities/natural-gas

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