XOM Trend Changing to the DownsideAppears that the rally that has occurred over the last couple of weeks is running out of steam and that the trend has resumed to the downside. May go back to the lows of $74 during January
XOM
XOM low risk ShortBroke Daily trend line to the downside, at the moment price is retesting and could potentially retrace to previous lower pivot. For tighter stop, the high of today can be used.
Note that the gap fill to the downside 77.70 could be a stalling area.
Exxon Mobil Corp: How about a Swing?As you can see there's a head and shoulders on EXXON MOBIL CORP. The rejection level is around 82.42, and the objective is around 70.79. The primary objective is 73.67.
Short Oil Bounce, then further down / consolidation Short bounce opportunity in oversold oil. Be careful here. I will be buying oversold energy stocks from here to the bottom. Starting first with NRG.
DOW JONES OVERVIEW: EXXON IS ON RISK OF FURTHER DECLINEExxon is in a complex situation - but overall risk is still to the downside at the moment.
On long term basis, XOM fell out of 1st standard deviation from 5-year mean (at 76 now), but is still holding within 1st standard deviation from 10-year mean (although, below the mean itself)
Thus XOM is on risk of decline there at least to 65 - which is the lower 1st standard deviation from 10-year mean, if price continues to trade below 76
On short term basis the risk (of decline into 65) is confirmed - price is trading below 1st standard deviations from both 1-year and quarterly mean (thus is in downtrend in relation to both short term means)
The micro levels are alligned with macro levels at the moment, as can be seen on the chart
XLE Broke Significant Support on Crude Price WoesPlease check out the full article here: oilpro.com
The Energy Select Sector SPDR® Fund (XLE) has been battered, and it is starting to bruise.
With the price of crude now just hovering $43 per barrel, this exchange-traded fund (ETF) is likely to get a whole lot cheaper.
This fund has support near-term because Wall Street is discounting recent events in the oil industry, as they did during the second-half of 2014. It also pays a dividend of 2.93 percent (SEC 30-day).
Thinking back, the Federal Reserve's call that lower gas prices (via lower oil) was "unambiguously good" is striking a nerve with those laid of in the energy sector, which shed nearly 68,000 jobs last month alone.
With a technical perspective, the XLE has confirmed downside weakness with a close below the major support trend created on 2009's bottom.
The trend's momentum could weakening slightly as traders fish off the bottom, but the strength of the trend still remains quite strong - ADX over 20 and a substantial divergence between +/-DMI.
Near-term range for XLE is $64.39 and $71.46, while a "relief" rally could spark buying up to $74.12; but, crude would have to play nicely.
If current price support breaks, XLE will trend lower within the disjointed angle (purple dotted line with grey shaded body), which represents widening support and resistance.
Additionally, the "death cross" is close to completion on the weekly chart. This bearish technical signal occurs when the 50-week moving average dips below the 200-week moving average.
At $43.27/bbl, crude is less than $2.00 about its inflation-adjusted price.
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XOM Day Trade Retest Gap (Brad Reed Apr30,2015)If XOM opens above 88.53 consider using the Retest Gap strategy. To learn to trade this strategy and more go to www.RealLifeTrading.com
$XOM on watchXOM is on watch due to the fact that several indicators are not in sync. Volume has moved out dramatically since August 2014. Since then, there have been a few attempts at the end of 2014 and since mid March 2015 to find a bottom (despite decent earnings). Though MACD is bullish, the last week has met some resistance since MACD has started tapering again and may soon cross over into bearish territory. There have been some buyers, just not enough committed ones to help build upon its market value. Be patient if you like trading energy stocks. Let the Smart Money, Market Makers, Institutional Investors, Proprietary Trading Firms, and other market movers find the bottom and turn it around for you.
How Oil And The Dollar Are Being Used To Manipulate The MarketAhhh so many lines!
I know. So I'll keep this short. Maybe I'm wrong with my conclusions here, but the charts and facts make sense to me. I can't tell you when a crash (slash the next 'correction' to be PC) will be...but I can show you how they're engineering things in the US equity markets without QE
$DIA (to compare industrials vs. broader market a la $SPY)
$AAPL & $XOM (tech vs. energy - equity comparison)
$DX vs $CL - Inverse correlation; why? Most would say because we are oil consumers..but..the U.S. has 2x the oil reserves of the Middle East and we are trading 'futures' (sorry OPEC)(www.theatlantic.com)
$CL vs. $SPX - The name of the game.
Key moments:
1. QE stops the market from hitting 0.
2. QE ends
My Conclusion(s): By using their control on the oil pipeline, the powers that be are flooding the market with their excess. This has caused a massive spike in the volume of oil futures being traded. Though earning money from the sales of these futures (buy low, sell high, etc..), the drop in oil is caused the spike in the dollar it's supposed to. But the spike in the dollar is NOT sticking to the inverse relationship with the market that it's historically had. (Since when? Total coincidence...the end of QE)
The NYSE is traded..in..well..USD obviously; the price of stocks is going up because their value in $$ is increasing via the $DX spike.
How do they crash the market? Stop selling oil futures so cheaply. And what about bonds? Doesn't matter, whatever they want to really.
XOM Exxon Mobil resting buy orders below $81I will be accumulating $XOM Exxon Mobil below $81 as a scale in. Approx $80 down to $78 is a zone that is showing a high probability of at least a significant bounce. Currently XOM is signaling accumulation. It may turn into something more. My strategy is: I'm wrong below $75 and/or scale out some with profit at $85 and move my stop(s) up. This is a risk management strategy.
SLB- Another Bull Channel Building3-5 And here we are today with yet another
energy stock building a Bull channel in green.
What do I need to see to make me get long?
An upside crossover of the green line that's what.
THEN one could place a stop on any break below
the blue line of line of one's choosing. The top blue line
is a tighter stop and IF IF IF an issue is going to go
after breaking out of channel it won't come back-that's
what you want to see anyway after an upside breakout.
As usual this is all strictly for informational and educational purposes only.
Trade at your own risk
7 Day CyclesXOM shows a fairly good example of a 7 Day Cycle - of which one could calibrate their options trades in respect to the overall move in 7 days. Take the IV Rank of the month option chain and multiply by 0.408 to get the "true" IV for that time frame. (Tastytrade provided the Volatility to Scaling formula: 7.5 days - IV*0.408)
The FEB (22) Option Month shows a high Open Interest and Volume on the Put side at the Strike price of 85. Keep your eye on this and a possible reversal after this big sell off. The IV versus HV ranking signals a Short play.
XOM SetupThe stock in higher time frames continues to make higher highs and higher lows. The idea here is to wait and see if price action tests the support line and then bounces from it. If it bounces that is your entry. Below the support line there is the stop loss zone in case the trade does not go accordingly.
VLO Long from 46--PT of 52.50Took a long position via DEC calls above 46.45 (0.5 retrace) with a short term target of 52.50 (breakout/breakdown point) of this weekly view.
Fueling A Bearish Trade On Exxon Mobil Corporation (NYSE:XOM)After topping out in late July, Exxon Mobil Corporation (NYSE:XOM), one of the biggest companies in the world by market cap has been unable to move higher, even as the S&P 500 makes new all time highs. This should be worrisome, not only for the overall stock market but the economy as well.
Exxon Mobil Corporation (NYSE:XOM) is one of the biggest petrochemicals manufacturer. The price action in Exxon Mobil Corporation (NYSE:XOM) over the last couple of weeks is yet another sign of a major global slow down taking place.
As you can see in the chart below, highlighted by the grey rectangle, Exxon Mobil Corporation (NYSE:XOM) has been moving sideways for a number of weeks now, unable to stage any kind of significant move up. This pattern is extremely bearish, and at the right time, with the correct set up, will offer traders an opportunity to make money shorting this weak equity.
Exxon Mobil Corporation (NYSE:XOM), will have support along the way, however, the ultimate target for this bearish set up is around the $88.00 level. I will be issuing a short alert to our subscribers when and if the right pattern triggers. Keep an eye on this chart, wait for the right time as indicated by the chart pattern, and be ready for a great trade.
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Elite Round Table, Pro Trader
@KliiamLopez
www.inthemoneystocks.com
Exxon Mobil Corp (30.06.2014) Daily Tech Analysis TrainingThe Exxon Mobile Corp (XOM) daily diagram tech analysis is as following:
The XOM share price declined from $104 to Kijun Sen first (blue line) and the declined towards to KUMO cloud.
Today it breach the SPAN A and get into the KUMO for more short development.
MACD has a divergence against the share highs and it is on bullish sign. RSI is bullish too.
The thoughts are short until the price gets the $98.22 price for first target. The $98.22 is the SPAN B of KUMO (red line).
The break of 1.618 of fib forces the short scenario. Stop loss above KUMO (102.33).
Exxon Mobil Corp Weekly (21/2014) Chart Technical AnalysisThe Exxon Mobil Corp (XOM) weekly chart shows the following signs:
The Price of XOM has an over the KUMO cloud trend almost the last two years. The stock makes every two months new highs over the Tenkan Sen and Kijun Sen, returning to the KUMO Cloud and so on. This time I see a divergence at MACD that makes more short thoughts.
I expect that the stock will continue for some consolidations here, between $96 and $100. If the stock break the
$101.63 then it will turn the thought to bullish.
