InTheMoneyStock...'s  Instablog
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
My blog:
Pro Traders Rant and Rave Blog
  • Energy Stocks Run Out Of Steam 0 comments
    Jan 5, 2012 10:28 AM | about stocks: XOM, COP, TSO, XLE, DVN
    This morning, all of the leading energy stocks are coming under some selling pressure. Leading stocks such as Exxon Mobil Corp (NYSE:XOM), and Chevron Corp (NYSE:CVS) have been exceptionally strong as of late, therefore, a pullback today is due. These market leaders are trading lower today by over 1.0 percent. Short term traders can watch for intra-day support on XOM around the $85.00 and $84.70 levels.

    Some other leading energy stocks that are trading lower include ConocoPhillips (NYSE:COP), Devon Energy Corp (NYSE:DVN), and Tesoro Corp (NYSE:TSO). Most energy stocks still remain strong on the daily charts, therefore, it is possible that this decline is just a short term pullback. The strength in the U.S. Dollar Index is certainly causing the energy stocks to be weak today. Should the U.S. Dollar continue to remain strong it is possible to see lower prices in most of the leading energy stocks. On the flip side, if the U.S. Dollar Index declines these stocks will likely see a short term bounce intra-day.

    Nicholas Santiago

    Stocks: XOM, COP, TSO, XLE, DVN
Back To's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.