Got fake out when I saw XLE popping. It better not drop below 66.50 by Friday.
Otherwise, I get to own it.

The floor looks very weak here....about to collapse.

This post has been edited by danmooncake: Jul 28 2016, 01:21 AM

DWTI looks like it is about to complete its saucer shape formation here.



This post has been edited by danmooncake: Jul 28 2016, 01:27 AM

I hope so... understandably crude is going lower because of supply concerns but
it should not be a straight line down.

Need a little push back up first.. before the next round.

We're now in 40.xx to 45.xx range play.

If bearish sentiments continue tomorrow, I hope worst case is 40.50 support level but
need to get back above 42.50 by Friday closing.

Hold and defend that $41.50 line boys... hold it!!

Aiya... don't jinx it first. We haven't see 41 floor broken yet.

Very good.. XLE holding steady here at 66.50. One more day to go...

We all here already know this since we watch it daily (it's no stealth to us) and no surprise,
they are stating the obvious:

http://www.businessinsider.com/oil-prices-...r-market-2016-7

Arggh... crappy day for Oil. It needs to hold $40 here.

XLE tanking..

Got to watch that 40.50 line here....

Yup... coming back up. 40.50 holds..so, bears got their price target, all turning back to bulls.
XLE back to 66.50. I'm hoping it will hold above here by closing.

It managed to poke its head thru that 41.50 and retreat back a little.
Come 'mon bulls.. hold it right here till closing.

This is supposed to be bearish news.. I hope they traders will ignore and keep
pushing oil back to 41.50 level.

So far, XLE is working.. bouncing above 66.50, just 2.5 hours to go.

Actually, I need 66.50 to let the options expire worthless.
I sold the 66.50 puts.

You too.(have a good weekend).

DWTI completely its saucer shape! Now, If it can pull back down halfway and go up again, it will be that cup and handle formation in about a week or so.

This post has been edited by danmooncake: Jul 30 2016, 02:41 AM

It works! XLE closes 67.41

Time to celebrate. Will play again next week.

40.20 dangerzone... here.

Lucky on Friday, all positions cleared with options expiration.
Now, will try to catch another opportunity. No bounce in sight yet.

Tipping my toes here at 65.50 for XLE.

Just 20c more.. will it breach it? Gotta to watch and see what happens.
I'm hoping for a quick bounce back up after teasing by bears.

5c... to trap door being opened.