I'm waiting for XLE to settle down.. maybe re-test high or mid 65 to try re-entry.

The oil bulls are trying to turn this around after 5 days of pulling back..

XLE bounces off the 50dma yesterday, so I just follow on the long side here to play along.

By next week, supposedly Brexit... they'll say it is already priced it.
After the vote, they'll push it up again.

Holy moly... brexit came early!

XLE finally at 65.xx, opportunity here. Hoping it will crawl back slightly above that 50dma line.

45.xx better hold otherwise, we'll see 40.xx.

For some reason, I think WTI likes to move (+)(-)$5 before it decides to pause or change direction.

Almost green for XLE... gain a $1 here!

Amazing... market down but Oil and XLE is up.. $2 gained for two days. Time to take money off the table for the weekend.
Dunno what's going to happen next week after brexit but good enough for now.

This post has been edited by danmooncake: Jun 18 2016, 12:13 AM

This week.. really interesting move for Oil.
We seen it pulled back all the way from $50.xx to $45.xx then, back to $48.xx by closing.

It's gonna keep us guessing where it wants to move by next week.
either another attempt to break out to $50 again or roll back down.

Yup.. back to $50 again..

Now, let's hope for it to go down one more time...back to $45 after Brexit vote.

Get some cash ready.. just in case there are buying opportunities.

We are eager to see the so called -10% to -20% down. But,..hasn't appear yet.

With all these boo haa about Brexit, it is interesting to know some of the pros and cons about it.

Have you guys watch Brexit the movie?
If not, just search on YouTube, Brexit the movie, it's like 70 mins long.. watch this with popcorn and soda while
we wait for the real thing to happen by Friday and see how the market reacts.

This post has been edited by danmooncake: Jun 23 2016, 01:54 PM

BREXIT gaining momentum!!

Bears can smell blood...

See... big gap down is a huge buy (or cover), even for intraday trade, it will be profitable.

This post has been edited by danmooncake: Jun 24 2016, 11:14 PM

Sell signals are flashing all over the places.... tomorrow will be interesting to see if any more bears come out to play after the big papa bear on Friday.

Let's wait for $45.xx first....

I think the Bulls come out and will try to defend this area.

Sp500 trying to stay above 2000 level here...

Opps... $45.88.. here it comes. Faster than I anticipated.

It managed to hold above $46 into close.. I think they've covering.

Gap up...let's play the gap fill here.