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XOI declined into the June 26 full moon, could rally now.....I'm still bullish on energy.
XOI (energy)...formed a gravestone doji yesterday....bullish....• Gravestone Doji Market Psychology
Any Doji candle by definition has the close at or near the close price. Gravestone Dojis have a high wick reflecting a rally during the days trading. Candlestick traders will watch the following day to see if buyers are able to take control of the market trend. When day-threes price holds above the Greavestone Doji, it suggests that short positions may cover their exposure, closing out their sell positions and leading to the weakening of the bear market. Many bottom pickers will start buying once that occurs, leading to a bullish reversal.
sell gold....New moon June 12, gold is at a high during a new moon, very bearish.
crude oil up 2 bucks premarket, dow up too.....could be a good day for energy shares, still in bullish energy mode.....There was a new moon June 12, XOI still oversold, buy em ( energy shares)
XOI formed a bullish engulfing pattern, very bullish eom
6/10/10....Energy shares gave one of the biggest boosts to the market, with the S&P energy sector .GSPE up 4.9 percent, making it the top percentage gainer among S&P sectors.
Chevron Corp (CVX.N) provided the Dow with one of its major boosts, rising 3.4 percent to $74.17.
The PHLX Oil Service Sector index .OSX rose 6.2 percent, with Baker Hughes Inc (BHI.N) soaring 10.6 percent to $42.42 and Halliburton Co (HAL.N) gaining 7.4 percent to $24.22.
U.S.-traded shares of oil company BP Plc (BP.N) rebounded 12.3 percent, a day after plunging nearly 16 percent on mounting fears about how the company will cope with the massive costs of the oil spill in the Gulf of Mexico.
yep I can predict the future....lol....NEW YORK (MarketWatch) -- Energy stocks rose with the broad market on Thursday, as BP PLC rebounded from its lowest levels in 14 years.
Setting a bullish tone, the Dow Jones Industrial Average (DJIA 10,070, +171.03, +1.73%) rose 184 points, or 1.9%. DJIA components Exxon Mobil (XOM 61.42, +1.39, +2.32%) and Chevron (CVX 73.06, +2.27, +3.21%) rose 2.4% and 3.4% respectively.
Transocean Is No Disaster
Though decimated by the Gulf oil spill, this off-shore drilling giant is a bargain.
A larger-than-expected drop in crude oil inventories in the previous session also helped propel energy stocks higher.
Among the energy sector benchmarks, the NYSE Arca Oil Index (XOI 917.81, +33.40, +3.78%) rose 3.7% to 917. The NYSE Arca Natural Gas Index (XNG 516.77, +16.16, +3.23%) rose 3.1% to 516. The Philadelphia Oil Service Index (OSX 169.50, +6.88, +4.23%) advanced 4% to169.
BP PLC (BP 31.99, +2.79, +9.56%) rose 8.2% to $31.60. While S&P Equity Research cut its rating on the oil major to hold from buy, analyst said the sharp fall in BP's shares has been "overdone" and that it's trading well below its true worth.
Analysts also cited, "the uncertainties arising from the Gulf of Mexico rig accident, the political sensitivities regarding BP keeping its 2010 dividend, the costs of the clean-up, upcoming civil charges and potential U.S. government resolutions."
Other spill-related stocks also rose. Anadarko Petroleum (APC 37.64, +2.81, +8.07%) rose 7.3%. Halliburton (HAL 23.74, +1.18, +5.23%) rose 4.7% to $23.61. Transocean (RIG 44.49, +1.91, +4.49%) rose 3.7% to $44.17.
J.P. Morgan shuffled ratings on three oil service names to align with its investment thesis in favor of large cap oil service firms and away from offshore drillers, which currently face a U.S. moratorium on deep water exploration in the Gulf of Mexico.
J.P. Morgan upgraded Baker Hughes (BHI 41.59, +3.24, +8.45%) to overweight and lifted its rating on Weatherford International (WFT 13.39, +0.62, +4.86%) to neutral.
J.P. Morgan cut Ensco PLC (ESV 37.46, +0.85, +2.32%) to neutral and reiterated its neutral rating on Transocean (RIG 44.49, +1.91, +4.49%) .
Analysts said Transocean, the owner of the Deepwater Horizon rig that blew up in April 20, "is a moving target with too much emotion driving the share price" after Wednesday's 8% drop in the stock.
Baker Hughes shares jumped nearly 8%, while Weatherford stock rose 4.2%. Ensco PLC rose 2.4%.
Steve Gelsi is a reporter for MarketWatch in New York.
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June 10, 2010....NEW YORK—The energy sector led a broad rally in U.S. stocks Thursday, as optimism over the prospects for the global economy brightened after the European Central Bank boosted its forecast for euro-zone growth this year.
The Dow Jones Industrial Average was up 218 points, or 2.2%, to 10117, in recent trading. All 30 of the measure's components were in the black, which helped it move back above the psychological 10000 level. The measure was above that level for much of Wednesday's session, but it failed to close above it.
Caterpillar led the Dow's gains with a jump of 4.4%. The industrial giant generates some of its revenues overseas and investors had been concerned about how its profitability might be impacted by the slumping euro. With the euro strengthening, that worry appeared to subside.
The Dow's energy components were also strong as crude-oil futures jumped above $76 a barrel. Chevron climbed 3.9% and Exxon Mobil rose 2.6%.
sweet, put on the rally hats......Bernanke see recovery gaining traction
JEANNINE AVERSA - AP - 17 mins ago
WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke said Monday he is hopeful the economy will gain traction and not fall back into a "double dip" recession.
"My best guess is we'll have a continued recovery, but it won't feel terrific," Bernanke said.
That's because economic growth won't be robust enough to quickly drive down the unemployment rate, now at 9.7 percent, he said in remarks to the Woodrow Wilson International Center for Scholars, a nonpartisan research group.
The economy grew at a 3 percent pace in the first quarter of this year. That's good growth during normal times. But coming out of such a deep recession, the economy must grow much more strongly to make a dent in the jobless rate.
Fears have grown that the recovery could be derailed if Europe's debt crisis turns into a broader financial contagion, crimping lending in the United States and around the globe. The situation has spooked investors, sending Wall Street into fits of panic.
Bernanke said the Fed is monitoring the European crisis carefully, and he believed European leaders were taking the right steps to deal with the problems.
Asked when the Fed will start raising interest rates, Bernanke quipped "in the future."
The Fed has pledged to hold rates at record lows to nurture the recovery. A growing number of economists now believe the Fed won't start to boost rates until next year given the European crisis and high unemployment.
Bernanke didn't offer new clues about when the Fed would reverse course and start to tighten credit. However, he did say the Fed won't be able to wait until the jobs market is fully healed before it pushed rates up.
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
lol....I forgot I posted that .....#8 on this board
added third portion of ENERGY trade today, she can rally now.....XOI formed an inverted hammer, bullish.
perfect....XOI (oil index) did a double bottom on a quarter moon....Looks like BP has made some progress.....Energy could bonce big time now.
XOI ( energy) forming a doji after extended sell off.....quarter moon now too.....energy could rally soon.....added to long energy today....Wondering if energy rallies when BP plugs the pipe
too easy,energy should rally for a couple of weeks EOM
quarter moon....June 4.....went long a oversold energy fund today
I'm back under a new name....Took a little vacation....The old moon is still picking em....That Sept 15 full moon Dow sell / Gold buy was classic....too easy...silver bullet
final score....Chi 26.....GB...zip.....made a little on the under
brian dennehy....dwi?....
next guess ENMD comes alive Sept 22....up....don't have a clue why she'll ramp
ms taylor....
ENTERTAINMENT NEWS
Elizabeth Taylor loved swimming with the sharks!
By ANI
Wednesday September 20, 02:55 PM
London, Sept 20 (ANI): Age and her reportedly deteriorating health were not enough to keep Dame Elizabeth Taylor away from the thrill of swimming with sharks recently.
The legendary Hollywood star, who has been wheelchair-bound for sometime, bravely donned a mask and snorkel as she plunged into the waters of the Pacific for a shark-viewing excursion.
Later describing the experience as the "most exciting thing" she has ever done, Taylor allowed herself to be barricaded into a 10ft by 6ft Plexiglas cage which was lowered below surface level.
The double Oscar winner also tried the snorkel on for size before tentatively dipping her head into the water and looking for her first shark.
However, the adventure signifies a remarkable return to health for the actress. For the past few years she has remained a reclusive figure, largely holed up in her Hollywood mansion.
As well as incurable congestive heart failure, near-fatal viral pneumonia and osteoporosis, she has had three hip replacements and a life-saving operation in 1997 to remove a benign brain tumour.
Earlier this year her bloated, below-par appearance prompted speculation that was suffering with Alzheimer's disease and on death's door.
"For someone who has been in bed with a bad back, I have done all the things I've dreamed of. I did get into that shark cage. It was the most exciting thing I've done in my life," she was quoted by the Daily Mail, as saying. (ANI)
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Green Bay 14 .....Chicago 13.....I'm getting 134, those digits might be in the final score
actual score.....Ohio State 24.....Texas 7....I figured 24 and 7 would be in the final score.
double post...eom
that ole siver bullet can pick em....cha ching.....gold putz?.....#msg-12989072
elizabeth taylor.....could be in the n
ews
just a hunch
my neighbors puppies crawled under our fence last week....10 of em....they were so full of life....one took a flying leap off my porch....another was playing keep-away with a plastic bottle....3 ring circus.....had a off color runt oblivious to the action, I may adopt that un....steve, thanks
r you goin to take me home tonite?.....r you going to let it all hang out?.....fat bottom girls you make the rockin world go round......sharika! I can predict the future
dow puts.....yep,...eom
boy that Shakira can shake it....I wonder if she'd like to meet a prophet
theme for a flick......internet dude forecasts markets via moon mocus.....opening clip: grungy dude enters starbucks on west coast and enters a oil BET!
oh baby.....dat gold crashed into that Sept 7 full moon like 1929!.....nearby gold puts up 300% in a couple.......daze
da boyz are bustin me balls, shovin me full moon sell......still have me Dow puts.....ggg
I like to ease into a position, sort of test the waters,I buy in thirds....Opened my last 3rd Dow put position today....Full moon Dow sell signal today Sept 7!
Ground Zero.... Beartoes...
Author: GROUNDZERO
Date: August 31, 2006 In response to GZ...... posted by Beartoes:
Is there another up spiral working other than the one that ends on Aug 31 (today)?
That's a great question, and no, there are no other up spirals at this time... I have three up spirals, a near term, a mid term, and a longer term spiral, all pointing to today as the last possible day for a rally...
If we close today above 1307.20 and then rally tomorrow to close above the 1315.90 level tomorrow, then I will send out a special email alert tonight on how to handle this kind of situation... these kinds of situations, where prices would continue to move despite a spiral due date, are very rare... otherwise, we have a three day weekend and should expect prices to begin moving lower on Tuesday, if not by late tomorrow... the model is currently short as of last night, and a close below the 1307.20 level today will give me a confirmation that these markets have topped for a while... if so, the I can then make an assessment of the latest possible due date for the coming down trend... this due date will be included in the coming email alert...
GZ http://xrl.us/SpiralProfits
DISCLAIMER: My comments, replies, and opinions are general in nature, they are not meant or intended as specific investment advice to anyone, and certainly do not represent the opinion of anyone but myself. Individuals should consult with their professional advisors for specific investment advice. The spiral model is strictly experimental in nature and should not be used for trading purposes except by those individuals who have a fluent working knowledge of its abilities, mechanisms, and limitations.
looking ahead, there's a full moon Sept 7, gold may decline into that date....could be a good buy then
Perfect set up, quarter moon Aug 31, the Dow's overbought....opened some Dow puts today
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