2 results for tag: buy


XLE – Oil price drop

XLE has been something of a problem with the rapid decline of oil prices. We are down over $4100 on the year - but we were down $6200 on Friday after XLE's price collapsed. At DPO we have traded the XLE for a very long time and we have learned that it will, at times, swing wildly while moving way too high and way too low. It's now clearly in a bear market but last Friday's move was one of those exaggerated ETF swings that sometimes happen  - and it was multiplied by the holiday schedule and lack of liquidity. We fully expect XLE to settle down quickly and then slowly recover to some higher level -  while we are trying to stay net-short because of ...

Market Panic? Trading Options? The Fed?

The Fed was pushing up the markets over the last few years. They were right, and have been right all along. The doomsayers were wrong. Now, after being right for 5 years suddenly the Fed has it completely wrong, ---or right, ----or they don't have a clue. It's all BS and the truth is that no one knows what the future brings. We must choose to trade based on history and experience and use this knowledge to gain our edge. This kind of market, where the DOW is down 300 and the S&P is down 400, is a newsletter writer's dream. Panic sells and you can be expecting to be contacted by lots of publishers over the next few days and weeks. They will be ...