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XOM

Close your eyes and buy: XOMAt the start of the year with EV on everyone's lips I wanted to be contrarian. What is the sector that is MOST HATED in the market? Energy... specifically "dirty" energy. NYSE:XOM at the very start of the year was trading below Book Value. Through all of these price shocks to oil and a bearish energy market they have not ceased or cut their dividends. Even now at this price it still offers an above 7% yield. Unfortunately, I hesitated as now this week the bullish case seems to be known by all with new analyst upgrades coming out. I hate to do it but I started my long term position today. I'll add to my full allocation on (hopefully) pullbacks but sometimes you just have to buy the highs to get in.
NYSE:XOMLong
by norok
4
Looking for a rally in Oil stocksThe market looks to be recovery today and the most interesting stocks to me were oil companies ( NYSE:XOM , NYSE:MRO , NYSE:COP ) which all exhibited morning open volatility spikes. The one I liked the most because it was at at 50% Retracement (see high timeframe below) is XOM so it fits my criteria for a long trade. I'll be looking for a retest of the last major highs. This is also an addon positions to a winner from the beginning of 2021 (see Related Idea).
NYSE:XOMLong
by norok
4
SPY Weekly, HourlyWoah! What happened yesterday? Looks like we sold off due to the news of an {1}Evergrande fail. With the reports of inflationary rates hitting their highest of all time at a whooping 6.2 percent, not heard of since the 1990's. With the supply chain waning, prices of average goods are up. All you need to do is look in the plastic bag of your local grocer to see your 50 bucks didn't even fill half of it up. Gas prices doubling inside of 2 year, and an over leveraged banking system along with hedge funds due to low rates. Consumer confidence was up 3.1 percent, but this trend may not continue without a significant wage gap increase. A GDP that is measuring the sick and the dying rather then an actual product. Not to mention banks with drawling massive amounts of their equity securities positions JP Morgan , {2}Wells Fargo decreasing credit limits , {3} Deutsche Bank 573 million of securities to take affect 12-21-2021, Goldman Sachs 10.5 Billion of Securities. These are the ones I know about. Looking at a few charts, without technical indicators because these obviously do not apply weekly daily Tomorrow I see sideways trading to start the right shoulder of a corrective H&S pattern 15 min Trade safely, go leaps on options {Not financial advise} How to measure Consumer Confidence is in the link below www.investopedia.com {1} the-japan-news.com {2}https://www.businesswire.com/news/home/20210520005659/en/CORRECTING-and-REPLACING-Wells-Fargo-to-Liquidate-Central-Fidelity-Capital-Trust-I-and-Wachovia-Capital-Trust-II-Resulting-in-the-Cancellation-of-Capital-Securities-and-Distribution-of-Underlying-Debentures-to-Holders {3} chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/viewer.html?pdfurl=https%3A%2F%2Finvestor-relations.db.com%2Ffiles%2Fdocuments%2Fnews-for-fixed-income-investors%2FISIN%2520DE000A0DHUM0%2520Note%2520of%2520Redemption%252019%2520October%25202021.pdf&clen=123236&chunk=true {4} www.bloomberg.com You guys! Please be careful
UShort
by ssyxworld
Every Traders and Analysts should know their Limitations!In this article, I would like to review some of my best trades in the past 2 months! My goal is to talk about earnings and how unpredictable their outcome could be. In the past few months, I have tried to find reliable methods to predict the price movement after the earnings! Unfortunately, I did not find any reliable and fairly accurate method so far! Having said that, I prefer to stay out of trades before earnings to manage the risk of exposure to big gaps! I do this because I know it is in my favor in the long term! For example, I opened a perfect entry at 125.5 for Qualcomm, and closed with a +7.66% gain before the earning! It popped with +12% after earnings! Should I regret it? My answer is NO, I am actually very proud of this trade, although I missed the bigger chunk of profits in this trade, my decision was right in Palantir and AMC case! PLTR: trade closed with +10% in 21 days AMC: trade closed with +26% in 4 days Also, I prevent a catastrophe in PYPL: closing with a -2.16% loss. But why should I be proud of my trade? I think any trader needs to define his rules and follow the rules! In the long term, those who do not follow their rules will have the same result, most of them will fail..! How did I decide to not hold my positions during earning calls? I apply one of the game theory rules! Minimax In game theory, minimax is a decision rule used to minimize the worst-case potential loss; in other words, a player considers all of the best opponent responses to his strategies and selects the strategy such that the opponent's best strategy gives a payoff as large as possible. The name "minimax" comes from minimizing the loss involved when the opponent selects the strategy that gives maximum loss and is useful in analyzing the first player's decisions both when the players move sequentially and when the players move simultaneously. In the latter case, minimax may give a Nash equilibrium of the game if some additional conditions hold. Minimax is also useful in combinatorial games, in which every position is assigned a payoff. The simplest example is assigning a "1" to a winning position and "-1" to a losing one, but as this is difficult to calculate for all but the simplest games, intermediate evaluations (specifically chosen for the game in question) are generally necessary. In this context, the goal of the first player is to maximize the evaluation of the position, and the goal of the second player is to minimize the evaluation of the position, so the minimax rule applies. This, in essence, is how computers approach games like chess and Go, though various computational improvements are possible to the "naive" implementation of minimax. (Brilliant) Minimax has many applications: In game theory or decision making, a tactic in which individuals attempt either to minimize their own maximum losses or to reduce the most an opponent will gain. For example, a health researcher may propose an intervention that would be the least aversive treatment for a serious disease, thereby minimizing the adverse effects patients may expect to experience as a result of the disease. I can apply what I learned in med school to the market! When should you use Minimax in trading? The answer is simple: Always..! Actually, Minimax is the mathematical reason behind using stop loss! I think I do not need to talk about the importance of stop-loss, I just want to mention WD Gann quote about stop loss: "Stop loss orders are a trader's best friend." Price Gap: Generally speaking, stock prices experience a price gap after earnings! makes it very hard to execute your stop loss without slippage if you are on the wrong side of the trade! this slippage could harm your overall performance in long term as a trader! Decision-making in the presence of uncertainty. Minimax, as the name suggests, is a method in decision theory for minimizing the maximum loss. Alternatively, it can be thought of as maximizing the minimum gain, which is also known as Maximin. It all started from a two-player zero-sum game theory, covering both the cases where players take alternate moves and those where they made simultaneous moves. It has also been extended to more complex games and to general decision-making in the presence of uncertainty. Stock Market is a Non-zero-sum game, While options are a zero-sum game! To wrap it up, you should use minimax when your opponent is very sophisticated and its activities are very unpredictable! No need to say that market is very sophisticated and unpredictable! "Why do you think the same five guys make it to the final table of the World Series of Poker EVERY YEAR? What, are they the luckiest guys in Las Vegas?" -Mike McDermot, 'Rounders'. Reference articles: brilliant.org dictionary.apa.org uh.edu becominghuman.ai
NYSE:PLTREducation
by Moshkelgosha
6
Post 10/28 Earnings Announcement Analysis Post 10/28 Earnings Announcements $XOM, $CVX, $PSX, $AON, $CL $XOM - Exxon Mobile Reported EPS of $2.96/share - beat estimates of $2.20/share Earnings of $6.8B vs.($296M) in Q3 FY20' Revenue of $44.7B vs $45.4B down (1.54%) YoY Operating CF of $12.1B FCF was a record-setting $6.7B Returned $3.7B to shareholders in dividends Reduced debt by $4B - bringing debt/capital ratio to ~25% Up 1.76% after hours $CVX - Chevron Reported EPS of $2.96/share Revenue of $44.71B up +80% YoY Returned $6.2B to shareholders in dividends Repurchased $625M of stock Reduced Debt by $5.6B FY21 Spending down 22% YoY Net Oil-Equivalent Production rose to 3.03M bbl/day - up 7% YoY Up 1.64% after hours - up 34% YTD $PSX - Phillips 66 Reported EPS of $0.74/share - beat estimates of $0.60/share - up 163% YoY Earnings of $712M Revenue of $27.89B Operating CF of $1.7B Returned $841M to shareholders in dividends and share repurchases Announced new $3B share repurchase program Up 2.75x% after hours $AON - Aon Reported EPS of $1.53/share - up 14% YoY Revenue of $2.7B - down 13% YoY Income of ($801M) down (282%) YoY FCF of $1.14B - (40%) YoY Down (%2.52%) after hours $CL - Colgate-Palmolive Reported EPS of $0.75/share - down (7.0%) YoY Net Income of $681M down (9.4%) YoY Sales of $$4.4B - up 6.5% YoY Operating Profit of $976M - down (4.12%) YoY Operating CF of $2.2B Up 0.35% after hours
SP:SPX
by jnallain1
XOM inverse cup and handle Seems to me, at this time, pretty much any larger holdings in the S&P are safe to buy an in the money or out of the money put contract(s). We are seeing a controlled correction instead of a complete dump. I am no financial advisor or analyst. XOM is one of my favorites to either support, or short. I am seeing a rather large cup and handle formation brewing here which should give is a definite answer to how close , or amount of correction we may see in the next few days. Good luck out there Guys and Gals.
NYSE:XOMShort
by ssyxworld
Exxon Mobil at the end of Impulse? XOMThe picture is not 100% clear, but we are query if this might be it for XOM. It is possible at this stage to have a relatively shallow pullback, to only start rising again. At this stage, it is looking quite likely that we might be meandering locally for a period of time. Markets cannot be timed. Remember that this is not financial advice and that we are not responsible for your portfolio. Only you are. You must do your own research and remember to act in accordance to your own research. That aside, Fibonacci goals are as ever in green and invalidation is in red. Take care of yourselves out there.
NYSE:XOMShort
by Rykin_Capital
The Magical 50 days Exponential Moving Average (50EMA)In 2021, we should take the price reaction to 50EMA very seriously! Especially if you like to buy the dips! I believe it could be single best tool to help you find the best entry and exit point in many tickers..! Let's review few examples: 1- NASDAQ:NVDA 2- NASDAQ:MSFT 3- NASDAQ:AAPL 4- NASDAQ:GOOG 5- NASDAQ:FB 6- NYSE:CRM 7- NASDAQ:CSCO 8- NYSE:SNOW 9- NYSE:BAC 10- NYSE:XOM and major indexes: SP:SPX TVC:NDX TVC:DJI What is Price Action? Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analysis of a stock, commodity, or other asset charts. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions. Price action generally refers to the up and down movement of a security's price when it is plotted over time. Different looks can be applied to a chart to make trends in price action more obvious for traders. Technical analysis formations and chart patterns are derived from price action. Technical analysis tools like moving averages are calculated from price action and projected into the future to inform trades. How to Use Price Action Price action is not generally seen as a trading tool like an indicator, but rather the data source off which all the tools are built. Swing traders and trend traders tend to work most closely with price action, eschewing any fundamental analysis in favor of focusing solely on support and resistance levels to predict breakouts and consolidation. Even these traders must pay some attention to additional factors beyond the current price, as the volume of trading and the time periods being used to establish levels all have an impact on the likelihood of their interpretations being accurate. Limitations of Price Action Interpreting price action is very subjective. It's common for two traders to arrive at different conclusions when analyzing the same price action. One trader may see a bearish downtrend and another might believe that the price action shows a potential near-term turnaround. Of course, the time period being used also has a huge influence on what traders see as a stock can have many intraday downtrends while maintaining a month-over-month uptrend. The important thing to remember is that trading predictions made using price action on any time scale are speculative. The more tools you can apply to your trading prediction to confirm it, the better. In the end, however, the past price action of a security is no guarantee of future price action. High probability trades are still speculative trades, which means traders take on the risks to get access to the potential rewards. Conclusion: Monitor asset reaction to 50EMA and define your entry and exit strategy based on this simple tool! Reference Article:: www.investopedia.com
Editors' picks
TVC:SPXEducation
by Moshkelgosha
18
XOM Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
NYSE:XOMLong
by hadimozayan
EXXON MOBIL CORPORATION Daily TimeframeSNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes. Start believing in this strategy because it will reward believers with huge profit. There is a lot more about this strategy. It can predict and also it can give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
NYSE:XOMLong
by hadimozayan
IMO - Poised for moveIMO is the best looking oil company chart that I could find. The weekly pattern shows the possibility of a three week test of the low. This support level includes the 40 week moving average and the .326 fib retracement level. The wave structure suggests that we may be in the fourth wave of an impulse pattern, with wave five to begin soon. Often, wave five moves for commodities are the longest waves. The trade range spans from 24 to 34. A longer term view shows that this trade range has persisted since 2015. Beyond 34, the stock had reached as high as 63 and ran into the 50s two other times. IMO's price correlates very well with the price of CL oil futures. I think that in the equity world, it might be the best choice to trade oil, in the equity market. I'm open to others' suggestions. What other oil stocks are you looking at? I owned Exxon and Chevron until June when a move to turn Exxon green moved me to liquidate all oil shares. Since then, I have bought some RSX, a Russian market ETF. Seems that under the current administration, oil profits will accrue to Russia, Iran, Venezuela and Saudi Arabia.
AMEX:IMOLong
by Glewis54
Crude Oil setup to rally to new highs - $USOIL $CL $CL_1 $XOMAside from Crypto, I've had the most success in the last decade trading crude based on a combination of technical analysis (classical charting) and trading the news (economic indicators, such as OPEC releases). Between March - June 2021, Crude oil prices formed a cup and handle that concluded with price reachings its target just above $75. Price then corrected, forming a triangle that turned into a bear trap as sellers sold the breakdown before price rallied back into the consolidation. From failed moves come fast moves. Over the last 6 weeks, price has formed an inverted H&S. Having occured after a downside break and failure, this is an immediate buy signal with fast upside price implications. Oil is a fun and scary market to trade because of the volatility and liquidity combined with leverage opportunities. Be safe, j
NYMEX:CL1!Long
by jBTCkingaling
1