Energy ETF Ratio

Short Energy However You Like

Exit above the horizontal, but I won't use a hard stop. I will allow for possible chicanery, something like a pop up at the open on Monday that fails. To give my thinking here though, I don't think any such pop is coming.

Bombs Away!

Back into the arms of weekly puts on energy, and monthly puts too. May scale in if the market keeps moving higher.

Tidewater

The gap filled. I'm not shorting it though. Gaps on XLE, XOP and XES remain open.

XOP Tagged

Mr. Knight over at the SlopeOfHope has this trendline. It was tagged this morning.

Energy Went From Bear Signal to Even Bigger Bear Signal

I had been looking for weakness in energy and maybe it will still arrive, the head-and-shoulders pattern isn't a total bust yet in XLE. A bullish interpretation isn't good news for markets either though, since XOP and FCG are ready to explode higher if the trend continues higher. If energy climbs, it will hammer bond prices. Not only will the Fed be tapering by November, but the "Fed has lost control" meme will start spreading. Which means they might have to shock the market with an accelerated taper timeline or if they want to try jawboning along, start talking up faster rate hikes. The "Goldilocks" scenario would see energy and interest rates moderate, with no signficant upside or downside. In sum, I'd still rather be shorting Nasdaq here because I think tech is in a lose-lose scenario outside of the Goldilocks zone.

I'm a little surprised that solar hasn't followed energy higher, but perhaps the failure of wind is casting a pall over the entire alternative energy sector. While I have been critical of the "Green" policy of replacing existing energy supply with less reliabe alternative energy, the real culprit from my persepctive has been wind. Imagine Perhaps solar will irrationally dumped in a broad anti-Green reaction. Something to file away...

Aggressively Shorting Energy

I had not looked at oil recently, but USO 61.8 percent of its decline