19
Dec
Wrap – Week Ended 12/18/20
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Strong week for the ZLT with the account ending up over 12% vs modestly lower traditional energy benchmarks and a flattish broad market backdrop. Our top positions scored 52 week and/or all time highs and we remain very long. Some of our bottom fish oily, oil service, and gassy positions boosted recent performance as well. The portfolio is up 76% in the last 3 months (with only one solar in the mix) and 36.5% YTD.
Holdings Watch:
- We added to HCAC on a dip this week.
- The blotter is updated
- The positions page is updated. We have 20 positions in the portfolio at this time.
Free Stuff Last Week Watch: None
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Have a good weekend.
Z
https://www.tipranks.com/bloggers/steve-zachritz
..
… Notable relative weakness in oil Stocks last week given the strength in Crude.
BCEI…
Broke support last week and quickly passed through the low volume levels to close at previous acceptance. Last hour volume was relatively heavy on Friday with buyers stepping in at 20.33.Bulls need to hold around this level. Quick upside reversal possible with low volume node above but considerable supply begins at 21.20
https://i.postimg.cc/dtPZq52t/bcei-2.png
https://i.postimg.cc/QNbZtt59/bcei65.png
MGY…Early week relative strength turned over to test minor support on Friday…A break of support (7.47) works to next support at 7.10
https://i.postimg.cc/zfLvTQKh/MGY-1.png
COP Returned lower to previous acceptance at 41…
https://i.postimg.cc/NFxmZnNM/cop.png
PE Held up relatively well..Found buyers at minor support (13.97)…Breakout levels still at 14.80.
December 20th, 2020 at 3:37 pmhttps://i.postimg.cc/W317TTkZ/PE.png
Re #1 XOP Industry in a garden variety retracement so far after the big six week rally..support in the mid 57s
December 20th, 2020 at 4:40 pmhttps://i.postimg.cc/DwxCm7V7/xop.png
SWN High relative volume last hour on Friday. 3.20 remains an area of interest. Another break of 3.20 works to recent highs 3.30-3.40…
December 20th, 2020 at 4:53 pmhttps://i.postimg.cc/s2NVrB3S/swn-1.png
OII Looks to test support at 7.95 after it’s big run….
December 20th, 2020 at 5:01 pmhttps://i.postimg.cc/br2rMxbs/oii-1.png
Nat Gas Stocks…Setting up a nice cup n’ handle. Demand volume turning up….
December 20th, 2020 at 6:02 pmhttps://i.postimg.cc/tT0PqWn6/ngs.png
Nat Gas (Jan) Traded in a very narrow range last week….2.87 is previous higher acceptance and target on a breakout above 2.72…
December 20th, 2020 at 6:10 pmhttps://i.postimg.cc/KvjkB0bb/ng-2.png