With all the volatility of the refiners ,I have found the best way to trade them is to go in the direction of the 5SMA on a 5 day chart.Also playing the Bollinger Bands envelope.I think most of the trades are dominated by the MM'S WHICH THRIVE ON THE VOLATILITY
I have posted before about this chart,but never got any replies. Is anyone interested in charts? Am I just wasting my time here?
take a look at a 3-year chart.Big head/shoulders with many lesser shoulders peaking at 40.
We are now flirting with the 3 year low. of about 17 or so.. Scares me.
do you use any tech. indicators for your trades? How do you make your trading decisions?
I use XAU HUI GLD GDX as an aid,and watch the 5day SMA .I do not want to fight the trends,but it is tough lately as you state.
sounds like a loser promoting another bankrupt loser.
6MOS. CHART SHOWS MPC +37%
VLO +26% HFC + 10%
iI prefer MPC.
only refiner out of 7 that I monitor that is positive. Others all in the red.
kahudes dot net will get the video
TRADING HALTED at Approx. 12:30. Can't find news .Last up .21 when halted (Yahoo value)
ignore CNBC if you can get Bloomberg instead...very smart people there.
And the manipulators caused a 4% spread between HI/LO in first hour alone.All the refiners were very volatile,as usual...scary.
I cannot answer,but suspect that the annual savings on interest will be meaningful.You are right about manipulation,by which hedge funds move all the refiners,apparently making a lot of trading profit. i find that trading while using 5SMA,and changes in XOI give good signals,on all 7 refiners I follow. I find that pullbacks in TSO are very profitable buys.
I suspect this buyback may cause HFC to be stingier with divvies. Hope I am wrong.
any cause? Rumors? Only refiner in the black.
made a double-top breakout on 5/6. Very bullish,and will make triple-top breakout if we just go to 67-68 a share.
Triple-top is VERY bullish. Keep the faith! Went up .47 afterhours on Tues 5/7
up .47 after-hours....a good start towards 70!
before the open down 2.23. Glitch? or earnings punishment??
When you trade, go with the 5 sma ,on a five day chart. Watch xau hui gld gdx slv for alerts/verification
by the way,can you name one thing Congress has done right? Don't rush,take your time.
when started,FNMA required that a builder seeking a mortgage for a buyer would have to purchase FNMA shares to the tune of 5% or so of the mortgage.Thus he had 'skin in the game'.Traded OTC back then. After it split and went to Big Board,our illustrious Congress gradually caused it to fail. Obama continues the tradition with his 'green' investments (think PORK)
after you=all go broke with EK,do you have a list of other losers that you find attractive??