"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

May 07, 2015

Gas

Fox Business notes some good points about gas - notably the spring seasonal strength.

Note that monstrous seasonal strength tailwind is now gone.  Chart via Equity Clock



It appears we're seeing a blow-off here with Wednesday's bearish engulfing day occurring just above the 200D MA.  The signs we're seeing from the energy space seem to reflect this being a meaningful high area that won't be breached for some time.  Maybe i'm just hopeful :)


Trade 'em well!

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All ideas shown on this blog represent the authors opinion based on the data available.