Get started

PSX

MPC: Long term uptrend signal$MPC has an excellent long term uptrend signal at play here. If not long you should average in over 3 days at least, risking a drop to 43.42, or 3 daily average ranges down. Targets are 89.66 and potentially up to 143.09 in the long run, to be hit by or before Q4 2019. My mentor, Tim West has been adamant about $MPC's strengt, and so far he's been right. This stock has shown relative strength, selling off less than its peers and rallying more and with lower volatility, indicating that there are some big players involved, buying in the background. Fundamentals are great for this company, and valuation is compelling, so it's a really low risk trade. I'd reccomend holding this and $PBF for exposure in this sector. Good luck, Ivan Labrie.
NYSE:MPCLong
by IvanLabrie
PBF: Excellent 'Time at Mode' signalsPBF is tracing a downtrend, sadly, since it didn't bottom at the recent low...I had to take a loss on my recent entries, and I'll wait for it to hit the lower targets to reenter. My idea is perhaps to short put options at the target, and either get assigned, or get profit from the premium on expiry. Either way, it's a great trade if we take the long side. Fundamentals are good, and this is a good addition to any portfolio, we just need to time a good entry here and let it ride. The yield is worth it. Good luck, Ivan Labrie.
NYSE:PBFLong
by IvanLabrie
2
PBF: In an uptrend, buy dipsI'm looking to reenter PBF at support near the 27.55 mark. I've highlighted my recent trades in the chart, showing my exits and reentries. I'm adept at working like this instead of holding during corrections. I anticipate the turns based on price action around key levels, and the application of Tim West's 'self contrarian' signals that we use to time exits in good profits, or trail stops and add to positions. What we do is constantly asessing our own emotions regarding our positions, specially the winning ones, since this gives us a great edge in finding good profit taking zones, and determining when to reenter positions. I'd reccomend buying a position gradually near the 27.55 mark, starting as soon as Monday would be ok, but ideally the correction will last until December 14th which is what I estimate. I'd reccomend opening a 7% size position if we hit 27.55, and you can look to add once in profit confirming the rally. Entering over a week would be better. Good luck, Ivan Labrie.
NYSE:PBFLong
by IvanLabrie
2
Short MPCIf oil takes a significant dip overnight, I will be short MPC. I don't think there is any fundamental to support this stock to the upside anyways, so I am shorting calls. Plus I am not much of an options buyer unless to trying to hit a home run. The blue line represents options expiration day. These are 4h bars. Important to note that NOT all refiners are trading in tandem. MPC and TSO are down today, while HFC, PSX, and VLO are all up. Note TSO and HFC report their second quarter 2016 results 8/3.
NYSE:MPCShort
by nodiggity