Halliburton Co HAL Earnings Report | Oil Rises 2 Percent

Halliburton Co HAL Stock Chart 4.21.19 Before Earnings

Halliburton Co HAL Stock Chart 4.22.19 Before Earnings

Factors to Know Ahead of Halliburton’s (HAL) Q1 Earnings

Halliburton Company HAL is expected to release first-quarter 2019 results before the opening bell on Monday, Apr 22. The current Zacks Consensus Estimate for the quarter under review is a profit of 23 cents on revenues of $5.5 billion.

In the preceding three-month period, the major oilfield service provider beat the consensus mark by 10.8%.

nasdaq.com/halliburtons-hal-q1-earnings

Goldman Says Fed Losing Forecasting Edge Changes Game in Markets

Risky assets are reacting more strongly to hawkish monetary shocks from the Federal Reserve in recent years, according to Goldman Sachs Group Inc. The reason, ironically, is that the Fed is losing its forecasting edge.

The Fed’s relative predictive advantage versus private economists has declined in recent years as the higher quality and quantity of forecasters makes it harder for anyone, including Fed staff, to beat the “wisdom of the crowd…”

bloomberg.com/goldman-fed-losing-edge

Oil prices jump over 2% on expectations U.S. will halt waivers on Iran oil imports

Oil prices surged on Monday amid reports the U.S. will announce the end of waivers for countries to import Iranian oil, as part of a bid by the Trump administration to push Iran’s exports to zero.

marketwatch.com/oil-prices-jump-2-percent

DE Deere and Co Stock Chart 4.22.19

DE Deere and Co Stock Chart 4.22.19

DE Deere & Co stock price exploded through long-term resistance at $175.50.

Trading into a powerful bullish energy candlestick a perfect swing trade appeared on the charts…

But not yet.

A closer look into the price action reveals the stock has reached a Saturation Point. This means of the stock opens higher it is an opportunity to sell into strength, NOT a setup to initiate a new long.

These are the setups that look perfect, but become losses, and then make you doubt chart patterns work. Especially after the stock settles in and does exactly what you expected, but you had to hit the bid for a losses because you got in too early.

You got in too early because you didn’t see the Saturation Point.

The smart trade here is waiting for a decline to the breakout area. I’m placing a limit order at $168 for a new swing trade long. Setting a profit target of $182.

Keep this in mind: Is it a long? Versus Is it a long now?

Two very different questions, and the right answer makes you a profitable trader.

Pete

About the Author

Leave a Reply 0 comments

Leave a Reply: