Exxon Mobil A Tell For Energy Sector

The energy sector has been an underperformer over the past two weeks and currently sits at an important support price level, if we look at the XLE etf.  For clues of behavior in the XLF I tend to look at Exxon Mobil(XOM), which currently also sits at critical support.  A break below and price could […]

Chesapeake Energy (CHK) Short-Bet Update

After yesterday's sell-off in CHK I initiated a short position, as discussed here: http://steadytrader.wpengine.com/chesapeake-energy-chk-failing-at-important-levels/ Today the energy sector is getting a bid (XLE is up 0.90%) and CHK is playing along, up 2.25%. Looking at other energy charts like Exxon (XOM), Schlumberger (SLB) and others, the recent supply doesn't make those charts look much more attractive […]