Wrap – Week Ended 06/18/21

Posted on by zman

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Fathers Day Sale - Give the gift of energy knowledge to dad and get a free subscription for someone else or yourself.  That's right, two for one this week.

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If you just want to give dad a last minute really cheap trial we can do that too.  How cheap?  Super cheap, (I mean, it's for your dad ... right?) Just contact zman@zmansenergybrain.com for details and we'll make you an offer you cannot refuse.  Last minute, beats a card, we'll even pen the man a nice note. 

Zman's Energy Brain - Online Energy Research - 6 days a week  since 2006 (see that calendar of posts at left scroll down ... way down) - (upstream analyst since the 1990's).  Oil, natural gas, oil service, and select renewables.  

Questions and comments under the post will be addressed in the Monday post subscriber mailbag section. As always, there are no dumb questions here except the ones that go unasked.

Holdings Watch: 

  • We closed a fairly long held position in FLMN this week, up 22% excluding dividends.
  • We added to a new Oil Service name and an EV play.
  • The Blotter is updated. 

Recent Posts - it may be summer but we're keeping busy

Questions about the site can be directed to that email above.

Thanks dad for everything, everyone have a great Fathers Day, Juneteenth, and a good weekend all around.

Best,

Z

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7 thoughts on “Wrap – Week Ended 06/18/21”

  1. S&P Futs….Trading below major acceptance at 4182…Breadth and demand volume negative. Next potential support around 4120 at April-May’s value area lows. Money not leaving the market though…Tech/Growth rotation last week…
    https://i.postimg.cc/sxs1MC56/es.png

    riffing of Z’s comments on the DJIA late Friday…
    As a fun exercise I ran a back test (hypothetical) on taking a mechanical trade on the next open of the S&P when it dips to this degree while still above it’s 200 MA…and then selling the bounce after a measured amount..
    Result below..
    https://i.postimg.cc/k4KQPwg9/spy.png

  4. Solar ETF held above the important 80.50 levle mainly on the back of ENPH…Only three of eighteen solar stocks green in the group on Friday….Group and most of the stocks trading in heavy congestion. MAXN RUN ENPH NOVA relative strength leaders…
    TAN
    https://i.postimg.cc/3r98TxK6/tan-1.png

    ENPH Demand volume remains strong. Stock is extended now coming into resistance at 172.50, previous post earnings breakdown level..
    https://i.postimg.cc/90DNKbXc/enph.png

    MAXN trading above major acceptance after breaking from it’s 4 week bottoming base…Demand volume flat now…
    https://i.postimg.cc/sgmqBvLd/maxn.png

    RUN Strong price and demand volume strong in multiple time frames last week. Trading in heavy congestion. Potential support at 48.50 if it dips..High short interest..
    https://i.postimg.cc/J0cVPKpt/run.png

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