The Shakedown

Can't see this email? View in Your Browser

TE SHAKEDOWN

12/25/17

 

Merry Christmas and Happy Holidays, folks! And what a year it's been for us with the S&P up a cool 18.9% YTD -- it has been a 12 month long feast for TE members in all capacities. Going into the last week of the year, I am not looking to put on major risk in any fashion as this week will be the lowest volume week of the year by a landslide. To put into context, the last week of August is like an IPO compared to Christmas week. When people talk of a Santa Claus Rally, they're talking about the action going into Christmas -- not the action following it. Easy week to lose money this week as there will be drastically muted volume and expected choppy action. So I'll be spending the week figuring out what I'm going to be doing with my 2018 bullets as well as annual trade review.  

XOM Long

We're seeing a ton of money rotate into the oil & gas names lately. XOM has been in hiding, building out a huge base since January. Now, it's finally giving us the signs on smaller time frames like the daily chart that its ready to break out. It's trading above all it's major moving averages. It has been knocking on $84 resistance a few weeks and even made a powerful move into resistance Thursday. A nice, low-volume inside day Fridaymakes an entry early this week possible. I wouldn't have the highest expectations on breakouts this week, given its the lowest volume week of the year, but on paper this setup is there, staring us in the face. $84.30 is the entry.

Trigger: $84.30

Stop: $82.99

Target: $88-91+

Low volume week so I'll be in & outta the chat all week

I hope to see you Tuesday


34 comments

  • buy cialis pills generic tadalafil from uk cheap generic cialis for sale where to buy generic cialis online safely https://tadalafilww.com/

    AspewsRoons
  • buy cialis pills generic tadalafil from uk cheap generic cialis for sale where to buy generic cialis online safely https://tadalafilww.com/

    AspewsRoons
  • buy cialis pills generic tadalafil from uk cheap generic cialis for sale where to buy generic cialis online safely https://tadalafilww.com/

    AspewsRoons
  • buy cialis pills generic tadalafil from uk cheap generic cialis for sale where to buy generic cialis online safely https://tadalafilww.com/

    AspewsRoons
  • combigan eye drops buy combigan

    brimonidine

Leave a comment