Friday, May 31, 2013

Are you trading with "Only 7 In Your Clip"

Ever watch those cop shows where they run low on bullets? In the middle of a firefight, one of them is down to a clip of slugs. It happens in war movies as well. What is the advice given? Pick your shots and skip the rest. This simply means don’t shoot aimlessly but have your eye firmly on what is probably a sure shot.

Over trading in trading is the problem many people have. Wanting to stack up the wins or recover from some losses is something we have all done or at least want to do. I am sure that many who have their rules down tight still have the urge but don’t follow through.

Obviously, constantly being in the market is a risk. Trade after trade, you never know which is going to be the winner as wins/losses are a random distribution. Having a few trades go in your direction is a good thing but they more you play, the more you may pay. I am not talking commissions only as paying the losses can add up to some hefty account percentage. Taking loss after loss? Unless the dynamics of the market have changed during your losing streak, expect more.

The simple thing to do ( I say simple, not easy ) is trade less and only trade the golden ones. What does that mean? Only take the trades that adhere 100% to your current setup definition.

Think of it this way. I am giving you 7 bullets in a clip. You only have 7 shots to define your week as successful or not. When those 7 slugs are gone, you are out of the action. How are you going to fire these shots to make them count?

If your plan calls for tests of support/resistance plus selling the high/low break of the reversal candle when exceeding 2 pips/ticks/points, do exactly that. Nothing marginal. No guesswork. Either the setup is there precisely as your plan states or it is not.

|Many people go into the heavy psychological reasons behind over trading. The “whys and what” may be great for an academic but solving it is much easier than laying out on a psychologists couch talking about your past. Just don’t do it. Have a rule of 7 bullets in the clip for the week. Walk away when you are empty. Many of you will fight the internal battle…sometimes even physical discomfort but look, we are all adults here. You DO have the power to choose WHAT you DO.

Let’s sum up the exercise. For the next few weeks, limit yourself to 7 trades per week. Pick the shots that fit your criteria exactly, without a shred of difference. This builds a solid habit of following rules and being in control of yourself. Without those, trading will not be something you will succeed at. That is not being dramatic, that is truth.

What some people need is accountability. When you are a member of the Premier Trader University trading program, there are trading coaches there that can assist you with staying true to a plan. With systems that plot out exactly where to enter and exit (even trail your stop), the only true battle you will face is with yourself trying to out think the market.

In the end, you want to be accountable to yourself. That takes time and this exercise can help you do just that.

Posted courtesy of our trading partners at NetPicks.com


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Monday, May 27, 2013

Precious Metals & Miners Start Bottoming Process

Precious metals and their related mining stocks continue to under perform the broad market. This year’s heavy volume breakdown below key support has many investors and trader’s spooked creating to a steady stream of selling pressure for gold and silver bullion and mining stocks.

While the technical charts are telling me prices are trying to bottom we must be willing to wait for price to provide low risk entry points before getting involved. Precious metals are like any other investment in respect to trading and investing in them. There are times when you should be long, times to be in cash and times to be short (benefit from falling prices). Right now and for the last twelve months when looking at precious metals cash has been king.

Since 2011 when gold and silver started to correct the best position has been to move to cash or to sell/write options until the next trend resumes. This is something I have been doing with my trading partner who focuses solely on Options Trading who closed three winning positions last week for big gains.

In 2008 we had a similar breakdown in price washing the market clean of investors who were long precious metals. If you compare the last two breakdowns they look very similar. If price holds true then we will see higher prices unfold at the end of 2013.

The key here is for the price to move and hold above the major resistance line. A breakout would trigger a rally in gold to $2600 – $3500 per ounce. With that being said gold and silver may be starting a bear market. Depending what the price does when the major resistance zone is touched, my outlook may change from bullish to bearish. Remember, no one can predict the market with 100% accuracy and each day, week and month that passes changes the outlook going forward.

The chart below is on I drew up on May 3rd. I was going to get a fresh chart and put my analysis on it but to be honest my price forecast/analysis has been spot on thus far and there is no need to update.

LongTermWeeklyGold


Gold Daily Technical Chart Showing Bottoming Process:

Major technical damage has been done to the chart of gold. Gold is trying to put in a bottom but still needs more time. I feel gold will make a new low in the coming month then bottom as drawn on the chart below.

Gold27


Silver Daily Technical Chart Showing Bottoming Process:

Silver is in a similar as gold. The major difference between gold and silver is that silver dropped 10% early one morning this month which had very light volume. The fact that silver hit my $20 per ounce level and it was on light volume has me thinking silver has now bottomed.

But, silver may flounder at these prices or near the recent lows until its big sister (gold) puts in a bottom.

SIlver27

Gold Mining Stocks Monthly Investing Zone Chart:

Gold mining stocks broke down a couple months ago and continue to sell off on strong volume. If precious metals continue to move lower then mining stocks will continue their journey lower.

This updated chart which I originally drew in February warning of a breakdown below the green support trend lines would signal a collapse in stock prices, which is exactly what has/is taking place. While I do not try to pick bottoms (catch falling knives) I do like to watch for them so I am prepared for new positions when the time and chart turn bullish or provide a low risk probing entry point.

While we focus more on analysis, forecasts and ETF trading another one of my trading partners who focuses on Trading Stocks and 3x Leveraged ETF’s has been cleaning up with gold miners.

GDX27


Gold, Silver and Mining Stocks Conclusion:

Precious metals continue to be trending down and while they look to be trying to bottom it is important to remember that some of the biggest percent moves take place in the last 10% of a trend. So we may be close to a bottom on the time scale but there could be sharply lower prices yet.

The time will come when another major signal forms and when it does we will be getting involved. The exciting this is that it could be just around the corner. So if you want to keep current and take advantage of the next major moves in the market be sure to join our newsletters.

From COT trading partner Chris Vermeulen


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Friday, May 24, 2013

Weekly Energy Markets Recap with Mike Seery

We've asked Michael Seery of INO.com to give our Crude Oil Trader readers a weekly recap of the futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.....

Energy futures had a volatile trading week as usual with crude oil basically finishing unchanged this Friday afternoon at 94.10 still trading below its 20 and 100 day moving average with very little chart structure with giant swings to the upside and to the downside with a possible double top around $97 and if you’re looking to get short this market my recommendation would be to put a stop above 97.35 in case the market does rally settling last Friday at 96.30 basically unchanged for the trading week.

Heating oil futures for the June contract are trading below their 20 and 100 day moving average after hitting a 4 week high last Monday down for the 4th consecutive day as we enter the summer when demand for heating oil generally lightens so I’m still not bullish this commodity but I’m still advising traders to basically sit on the sidelines in crude oil and in heating oil.

And look at unleaded gas which is still trading below their 20 and 100 day moving average settling last Friday at 2.90 with major support 2.70 down 800 points for the week currently trading at 2.84 and I do believe that a bottom has occurred in unleaded gas prices as we enter the demand season in the next couple of months.

The commodity markets have been extremely volatile in recent weeks with the U.S dollar hitting contract highs a couple of days back, however crude oil and its products have held up very well despite all the negative news with record inventories here in the United States they continue to hang near recent highs and I just wonder how long that is going to continue especially in heating oil & crude oil.

Trend: Sideways – Chart structure improving


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Thursday, May 23, 2013

The Headline Data that Financial Media Ignored on Wednesday

Wednesday was a wild trading session where we saw the largest intraday selloff in the S&P 500 E-Mini futures that we have seen in some time. Intraday price action was driven largely by statements made by Chairman Bernanke and the release of the Federal Reserve Meeting Minutes which saw some monster intraday moves and a large spike in the Volatility Index (VIX).

While the world is focused on when the Federal Reserve is going to taper their Quantitative Easing program and the impact those actions will have on financial markets, I wanted to look at another divergence in the economic data which is supported by market action.

Instead of trying to determine how or when the Federal Reserve will taper or end their monetary experiment, I wanted to juxtapose statements that were made today with the actual facts. Readers can draw their own conclusions.

Recently, we have been told that the housing market is in the early stages of recovery. Unfortunately due to low interest rates housing has turned back into a speculative market. Consequently, a lot of so called fast money is flowing into housing which in many cases is either being purchased for rentals or by foreign investors as a speculative investment.

At present the housing market is not being driven by capital formation at the household level and data indicates that construction jobs are under pressure and affordability is reversing.

This first chart illustrates what has recently transpired in the 10 Year Treasury Yield.....Click here to read J.W. Jones' entire article and view his charts for "The Headline Data that Financial Media Ignored on Wednesday"


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Tuesday, May 21, 2013

Gold Stocks: Its Time To Be BRAVE!

By David Banister, Chief Strategist the Market Trend Forecast.........

I used to half joke with some of my investing friends that the best time to buy stocks is during or right after a crash. Think 1987, 2000-2002, 2008-09, and now perhaps Gold Miners?? Well, before we get too far ahead of ourselves, lets examine evidence of a “Crash”: I like to use crowd behavioral, empirical, and technical evidence in combination.

1. In a recent money managers poll, virtually nobody was bullish on Gold or Gold stocks, and over 80% of those polled were bullish on the SP 500 and US stocks.

2. The percentage of Dumb Money traders (non-reportable traders) in the futures markets with short positions on Gold is at all time highs, they tend to be very long at the highs and very short at the lows.

3. The insider buying ratio of Gold Mining stocks to sellers is running over 10 to 1, the highest since October 2008 when Gold bottomed out at $685 per ounce from $1030 highs. Quoting Ted Dixon, CEO of Ink Research, “such a high level of buying interest among officers and directors within their own businesses in the resource sector has correctly foreshadowed a recovery in share prices in the past: That high point of nearly five years ago came about six weeks before the Venture market bottomed on Dec. 5, 2008…While the excitement that surrounded mining stocks as recently as two years ago has waned, experienced value investors recognize that such periods of investor neglect often give rise to the best deals” Source: Theglobeandmail.com

4. The ratio of the HUI Gold Bugs Index to the SP 500 is at multi year lows and in near crash mode on the charts. The RSI Index (Relative strength) on the weekly charts is at 10 year lows at -13.71, which is off the charts low!!

5. Most trading message boards I view at Stocktwits and others are universally bearish on Gold and Gold stocks.

6. Gold is in a wave B or Wave 5 down re-testing the 1322 lows which we have discussed here for weeks as very likely if 1470 was not taken out on the upside… this is a normal sentiment pattern and re-test.

7. Gold has been in a 21 Fibonacci month correction pattern off a 34 Fibonacci month rally from 686-1923. In August of 2011 I penned articles from 1805 right up to 1900 warning of a massive wave 3 top forming. Everyone was bullish, now it’s the complete opposite.

8. Currency debasement continues around the world with negative real interest rates. This is bullish for Gold once this correction has run its course.

9. Hulbert Digest Gold Sentiment index is at an all time low (gold newsletters at -35 sentiment readings!!)

10. Gold -Silver put to call ratios are at all time highs

I could go on and on with headlines and such, but you get the idea. This is the same type of sentiment I wrote about on the stock market on Feb 25th 2009, here is that article... and nobody on the planet was bullish.

Below is a chart showing the Bullish % index for Gold Miners, as you can see the last time we were at 0% was late 2008 when Gold had bottomed out and insiders were also buying like crazy like now:

bll

The GLD ETF chart also shows a likely re-test or slightly lower of the 1322 futures lows of April, when Insider buying hit 10 year record levels:

gld

Obviously Gold could end up going a lot lower than we think, and the Gold Mining stocks could sink further yet. But for those with a 3-6 month horizon, we expect the 21-24 month Gold correction to complete by no later than October 2013. During the next several months the opportunities to buy some miners on the cheap will potentially make some investors a lot of money in the coming few years.


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Monday, May 20, 2013

How Russia Is Creating the Contrarian Play of the Decade....Tuesdays can't miss webinar

Years from now analysts will look back at the end of 2013 as the beginning of a historic bull market. They’ll see that the harbinger of this run up was in plain view for anyone who bothered to look.

I’m talking about uranium, and the harbinger I’m referring to is the historic Megatons to Megawatts agreement between the U.S. and Russia. This agreement expires in December 2013. Its ending concludes an era of cheap nuclear fuel for America and opens the door for Russia to sell its uranium on the world market to the highest bidder.

This is creating a profit opportunity of such magnitude that Casey Research has called together a world class faculty of energy experts for an urgent discussion:

·   Spencer Abraham, former U.S. secretary of energy

·    Herb Dhaliwal, former Canadian minister of natural resources

·   Lady Barbara Judge, chairman emeritus of the UK Atomic Energy Authority

·   Amir Adnani, CEO, president and director of Uranium Energy Corp.

These experts, along with legendary natural resource speculator Rick Rule, will sit down with Casey Research's chief energy investment strategist Marin Katusa to discuss the nuclear power industry and offer their insights into what's shaping up to be the kind of speculative opportunity contrarians live for.

The event is free and premieres online Tuesday, May 21 at 2 p.m. – click here to save your seat.

See you there!




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National Oilwell Varco Announces Doubling of Dividend NOV

National Oilwell Varco (NYSE: NOV) today announced that its Board of Directors has approved an increase in the regular quarterly cash dividend to $0.26 per share of common stock from $0.13 per share of common stock, payable on June 28, 2013 to each stockholder of record on June 14, 2013. The Company has increased its quarterly cash dividend every year since the Company started paying cash dividends.

Pete Miller, Chairman and CEO of National Oilwell Varco, remarked, "This dividend increase reflects the Company's strong financial condition and our confidence in our business going forward. We are pleased that our continued execution and strong cash flow enable us to provide a significantly higher dividend directly to our stockholders. Our business model continues to generate strong operating cash flow that enables us to invest in and execute strategic internal growth and pursue acquisition opportunities to further strengthen our existing businesses."

National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, the provision of oilfield services, and supply chain integration services to the upstream oil and gas industry.

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Sunday, May 19, 2013

Update.....Is it finally time to go long coffee? Mike Seery weighs in!

Late last week one of our trading partners Jim Robinson gave us his take on the sideways trading in coffee right now. Mike Seery jumps in to give us his take with a recap on how coffee traded last week and where he sees it headed. Is it time to go long coffee?

Coffee futures finished down 295 points and had a disappointing week finishing lower by about 800 points still in a real seesaw chart pattern finishing around 137.00 a pound creating a false breakout to the upside last week with a false breakout to the downside a couple weeks ago so were still unable to breakout of this 8 week consolidation.

We are entering the volatile season in coffee as frost season is right around the corner which could propel prices higher if there are any weather problems but this trend is sideways and I’m still recommending traders to avoid this market until a trend develops and I do believe that the three year downturn in prices is nearing an end in my opinion.

One strategy if you’re looking to get involved in coffee and avoid some of the volatility which could be coming is to look at bull call option spreads and that is an option play which limits your risk to what the premium cost and I would go out to the month of September which gives you around 3 months to hold that position before expiration.

Trend: Sideways – Chart structure - excellent


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Weekly Energy Recap with Mike Seery

The energy futures bucked the trend this week despite the fact that the dollar continues to surge higher but is not putting any pressure on energy prices as July crude oil is still trading above its 20 and 100 day moving average finishing up around $.90 this Friday afternoon at 96.40 a barrel climbing higher for the 3rd consecutive day following the S&P 500 to the upside.

I’ve been advising traders to sit on the sideline in this market because there is no chart structure and I guess the trend might be to the upside but at this point I don’t believe there’s a solid trend to sink your teeth in with major resistance at 98 – 100 which could be tested next week. This market is showing incredible strength in my opinion due to the fact that gold is falling out of bed with many other commodities but even with record supplies here in the United States prices still continue to hang near the top and of the trading range.

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Heating oil futures for the June contract are trading above their 20 day moving average but below their 100 day moving average trading right at 4 week highs up around 300 points the trading week looking to breakout to the upside with major resistance at 2.95 as crude oil is propping up all of the products.

Unleaded gasoline for the June contract is trading above its 20 day moving average but still below its 100 day moving average hitting a 5 week high today as I’ve stated many previous blogs I believe a triple bottom may have occurred in unleaded gas prices and I think were headed higher as demand season for gas starts Memorial Day weekend.

The chart structure in heating oil and in unleaded gasoline is much better than it is in crude oil so focus on the products at this time especially unleaded gas to the upside as prices here in Chicago are flirting around 4.75 a gallon because the fact that we have extremely high taxes and a special summer blend so there is a chance that we could see prices head higher at the pump the summer.

Trend: Higher – Chart structure excellant

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Friday, May 17, 2013

Is it finally time to go long coffee?

If you have been following us you know we have been adding to our long coffee position using ticker "JO". Are you on board or do you see coffee going lower. Coffee bears have gained back some momentum the last couple of days. Today we've asked our friend Jim Robinson at INO.com to provide his expert analysis of the coffee trade to our readers. Each week he'll be be analyzing a different chart for us using our Trade Triangles and his experience.....

Coffee could be turning bullish, so this week let's take a look at the Coffee Chart. With Futures we use the weekly MarketClub Trade Triangle for trend, and the daily MarketClub Trade Triangle for timing.

*    Coffee put in a weekly green Trade Triangle on what looks to be the breakout to the upside of the base.

*   Coffee put in a daily red Trade Triangle on what looks to be a test of the base.

*   If Coffee trades higher and puts in a green daily Trade Triangle odds would be with bulls.

The MACD made a bullish momentum divergence at the lows and is currently on a buy signal, which supports the bullish case for Coffee as of right now. If Coffee were to continue lower from here and puts in a red weekly MarketClub Trade Triangle, then odds would not be with the bullish case for Coffee any more.

So even though it looks to be a big bullish opportunity for Coffee, we'll just have to sit back and let the market tell us what to do next. So this looks to be a great Chart to Watch right now, as exciting things could be happening on the upside in Coffee soon.




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Monday, May 13, 2013

How to Spot & Time Stock Market Tops

Since the middle of April everyone and including their grandmother seems to have been building a short position in the equities market and we know picking tops or bottoms fighting the major underlying trend is risky business but most individuals cannot resist.

The rush one gets trying to pick a major top or bottom is flat out exciting and that is what makes it so darn addicting and irresistible. If you have ever nailed a market top or bottom then you know just how much money can be made. That one big win naturally draws you back to keep doing it much like how a casino works. The chemicals released in the brain during these extremely exciting times are strong enough that even the most focused traders fall victim to breaking rules and trying these type of bets/trades.

So if are going to try to pick a top you better be sure the charts and odds are leaning in your favor as much as possible before starting to build a position.

Below are a few charts with my analysis and thoughts overlaid showing you some of the things I look at when thinking about a counter trend trade like picking a top within a bull market.

Utility Stocks vs SP500 Index Daily Performance Chart:

The SPY and XLU performance chart below clearly shows how the majority of traders move out of the slow moving defensive stocks (utilities – XLU) and starts to put their money into more risky stocks. This helps boost the broad market. I see the same thing in bonds and gold this month which is a sign that a market top is nearing.

That being said when a market tops it is generally a process which takes time. Most traders think tops area one day event but most of the times it takes weeks to unfold as the upward momentum slows and the big smart money players slowly hand off their long positions to the greedy emotion drove traders.

Look at the chart below and notice the first red box during September and October. As you can see it took nearly 6 weeks for that top to form before actually falling off. That same thing could easily happen again this time, though I do feel it will be more violent this time around.

SPYXLU

SPY ETF Trading Chart Shows Instability and Resistance:

Using simple trend line analysis we see the equities market is trading at resistance and sideways or lower prices are more likely in the next week or two.

SPYResistance

Stocks Trading Above 150 Day Moving Average Chart:

This chart because it’s based on a very long term moving average (150sma) is a slow mover and does not work well for timing traded. But with that said it does clearly warn you when stocks are getting a little overpriced and sellers could start at any time.

General rule is not to invest money on the long side when this chart is above the 75% level. Rather wait for a pullback below it.

BarC150

Stocks Trading Above 20 Day Moving Average Chart:

This chart is based on the 20 day moving average which moves quickly. Because it reacts quicker to recent price action it can be a great help in timing an entry point for a market top or bottom. It does not pin point the day/top it does give you a one or two week window of when price should start to correct.

BarC20

How to Spot and Time Stock Market Tops Conclusion:

As we all know or will soon find out, trading is one of the toughest businesses or and one of the most expensive hobbies that one will try to master. Hence the 95-99% failure rate of individuals who try to understand how the market functions, position management, how to control their own emotions and to create/follow a winning strategy.

With over 8000 public traded stocks, exchange traded funds, options, bonds, commodities, futures, forex, currencies etc… to pick from its easy to get overwhelmed and just start doing more or less random trades without a proven, documented rule based strategy. This type of trading results in frustration, loss of money and the eventual closure of a trading account. During this process most individuals will also lose friends, family and in many cased self-confidence.

So the next time you think about betting against the trend to pick a top or a bottom you better make darn sure you have waited well beyond the first day you feel like the market is topping out. Stocks trading over the 150 and 20 day moving averages should be in the upper reversal zones and money should be flowing out of bonds and other safe haven/defensive stocks to fuel the last rally/surge higher in the broad market.

Also I would like to note that I do follow the index futures and volume very closely on both the intraday and daily charts. This is where the big money does a lot of trading. Knowing when futures contracts are being sold or bought with heavy volume is very important data in helping time tops and bottoms more accurately. And the more experience you have in trading also plays a large part in your success in trading tops and bottoms.

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America’s Addiction to Foreign Uranium

America’s Addiction to Foreign Uranium

Posted courtesy of our trading partners at Casey Research.........

What most Americans don't realize is that dependence on foreign oil isn't the main obstacle to US energy autonomy. If you think America's energy supply issues begin and end with the Middle East, think again. One of the most critical sources of foreign energy is due to dry up this year, and the results could mean spiking electricity prices across the country.


In 2011, the US used 4,128 billion kilowatt hours (kWh) of electricity. Nuclear power provided 790.2 billion kWh, or 19% of the total electrical output in the US. Few people know that one in five US households is powered by nuclear energy, and that the price of that nuclear power has been artificially stabilized. Unfortunately for us, the vast majority of the fuel used for powering our homes must be imported.
In the chart below, you see where most of our uranium comes from:
The overwhelming majority of that Russian uranium comes from a 20-year-old agreement called "Megatons to Megawatts" that allows weapons-grade, highly enriched uranium (HEU) to be converted to reactor-grade, low enriched uranium (LEU).

By December 2012, "Megatons to Megawatts" had produced 13,603 metric tons of LEU for US consumption and provided the fuel for nearly half of the US electricity generated from nuclear power.
In December 2013, that agreement expires, and Russia will be free to put its uranium out on the open market and demand higher prices. With 17 nuclear reactors in China and 20 in India – not to mention Japan, France, Germany, and others all vying for nuclear fuel – competitive bids are poised to drive prices higher, and early investors stand to make spectacular gains.

If this information is news to you, you are not alone. While the mainstream media focus on the US's "Middle Eastern energy dependence," the real story remains unnoticed. That's why Casey Research invited the field's top experts – including former US Secretary of Energy Spencer Abraham and Chairman Emeritus of the UK Atomic Energy Authority Lady Barbara Judge – for a frank discussion of what we think is America's greatest energy challenge.

Join us on Tuesday, May 21 at 2 p.m. EDT for the premiere of The Myth of American Energy Independence: Is Nuclear the Ultimate Contrarian Investment? to learn how the end of "Megatons to "Megawatts" will affect the US energy sector and how you can position yourself for outsized profits. Attendance is free – click here to register.



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Sunday, May 12, 2013

Will Crude Oil Futures Stop the Fed’s QE Program?

From guest blogger J.W. Jones at Options Trading Signals.......

The sell side analysts and economists are reminding retail investors that risk assets in the United States have been on quite a tear to the upside recently. A correction now lasts a matter of days, if not hours before the bulls push equity prices even higher.

The Federal Reserve is winning the reflation war using cheap money and massive levels of liquidity to help drive risk assets higher and interest rates artificially lower. Unfortunately for domestic investors searching for yield, they find that they are forced to incur higher levels of risk in order to satisfy their growth and income needs. There are significant risks associated with higher than average fixed income returns and the cost will be felt should we see any correction in the future.

However, the Federal Reserve has a history that is littered with dismal results. The purchasing power of the U.S. Dollar has been reduced by more than 90% since the Fed’s inception in late December of 1913. Since that time, the Federal Reserve has stolen more “real” wealth from the American people than any other institution in the history of mankind.

The Federal Reserve has two primary functions. One function is to maintain price stability or in other words to moderate inflation. Clearly over the past 100 years their inflation track record has been horrific. However, the Fed’s recent track record regarding the value of the U.S. Dollar Index has been dismal the past 15 years as shown below.

 Chart1(1)

As can be seen clearly above in the Dollar Index Futures monthly chart, at present levels the Dollar’s overall value has diminished well over 31% since late 2001. I would also draw readers’ attention to the selloff that occurred from late 2005 until the early part of 2008. The selloff during that period of time is important to reinforce my next consideration.

Recently the flow of liquidity has primarily been seen in record low interest rates and a surging U.S. equity market. Nearly every day the Dow Jones Industrial Average or the S&P 500 Indexes make a new all-time high. The question that I would like to posit for readers is how long will it be before the so-called smart money starts looking at the attractiveness of commodities relative to equities?

If the Federal Reserve continues to print money at this pace, what will ultimately stop them dead in their tracks? The short answer is energy prices. The easiest way to stop the Fed’s printing press is to see a massive spike in energy prices. While we often hear that history does not repeat but it often rhymes, consider the price action in oil futures during the same 2006 – 2008 selloff in the U.S. Dollar Index.  

 Chart2(1)

It is readily apparent that once oil futures were able to push above the $78 / barrel highs in mid-2006, prices exploded while the U.S. Dollar came under strong selling pressure. The timing could not be more impeccable for the explosive nature in the move higher in oil.

Furthermore, if we move forward to present day price action in oil futures we have a large triangle pattern on the long-term charts. The pattern offers the inflation versus deflation argument that so many economists and strategists are plagued by presently in their analysis.

My suggestion is that watching the price of oil futures is likely going to tell us the intermediate expectation by the market of what lies ahead in the inflation versus deflation debate. The movement of oil futures prices in the intermediate term is likely to be based on which direction the triangle pattern ultimately breaks.

Chart3(1)


What is obvious about this pattern is that a move that could hurdle $100 / barrel will open up a strong move toward $112 – $120 / barrel. If we were to see a move higher in oil futures that could push above the $120 / barrel price level set back in early 2011 a fierce rally in oil futures could play out.

A strong rally in oil futures will ultimately put the final nail in the coffin for U.S. equity markets and the U.S. economy. Gasoline prices would obviously rocket higher and the U.S. economy would quickly be brought to its knees. The Federal Reserve would be forced to either print more money and run the risk of higher oil prices, or do nothing and run the risk that the equity selloff could intensify.

I want to be clear that I am not calling for a rally in oil futures. Price action could go either way depending on market conditions, but the real question is regardless of which way price breaks in the future, how does it help equity markets? Those evil oil speculators run down by politicians seeking air time on television and radio could be the final straw for Ben Bernanke and the Federal Reserve.

Whether the future is full of inflation, deflation, or stagflation I am confident that energy prices will play a critical role in price discovery for not just oil and oil distillates, but for the overall domestic economy.

If the Fed does not show constraint at the appropriate time, oil and other commodity prices are likely to remind Chairman Bernanke that the Federal Reserve’s future track record is likely to be as dire as its historical performance.

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Saturday, May 11, 2013

Correction near but Bull Market has LONG waves to Go!

Are you using Elliot Wave theory in your trading? Today David Banister of Market Trend Forecast is laying out the Elliot formations in detail. Do yourself a favor and take a few minutes to make sure you are looking at this market through his eyes. Can any of us call the pull back exactly and reliably? No, of course not. But we should all be taking this into consideration.

The SP 500 has been on a tear as we all know especially since the SP 500 bottomed at 1343 several months ago. My work centers around forecasting using Elliott Wave Theory along with other technical indicators. This helps with projecting the short, intermediate, and longer term paths in the stock market and also precious metals. This larger picture Bull Cycle started in March of 2009 interestingly after an exact 61.8% Fibonacci retracement of the entire move from 1974 to 2000 lows to highs. At 666, we had completed a major cycle bottom with about 9 years of movement to retrace 26 years of overall bull cycle. That was a major set of 3 waves (Corrective patterns in Elliott Wave Theory) from the 2000 highs to 2002-3 lows, then 2007 highs to 2009 lows. Once that completed its work, we were free to have a huge new bull market cycle off extreme sentiment and generational lows.

It’s important to understand where we were at in March of 2009 just as much as it is today with the market at all time highs. Is this the time to bail out of stocks or do we have a lot more upside yet to go? Our short answer is there is quite a bit more upside left in the indexes, but there are multiple patterns that must take place along the way. We will try to lay those out for you here as best we can.

Elliott Wave theory in general calls for 5 full wave cycles in a Bull pattern, with 1, 3, and 5 bullish and 2 and 4 corrective. We are currently in what is often the most bullish of all the patterns, a 3rd of a 3rd of a 3rd. In English, we are in Primary wave 3 of this bull cycle which will be 5 total primary waves. We are in Major wave 3 of that Primary 3, and in the Intermediate wave 3 of Major wave 3. That is why the market continues its relentless climb. This primary wave 3 still has lots of work to do because Major wave 3 still has a 4th wave down and a 5th wave up to finish, then we need a major 4, then a major 5.

That will complete primary wave 3. This will then be followed by a Primary wave 4 cycle correction that probably lasts several months, and then a Primary wave 5 cycle to finish this part of the bull market from March 2009 generational lows… and all of that work is going to take time. Once that entire process from March 2009 has completed, then we should see a much deeper and uglier correction pattern, but we think that is at least 12 months or more away.

What everyone wants to know then is where are we at right now and what are some likely areas for pivot highs and lows ahead? We should complete this 3rd of a 3rd of a 3rd here shortly and have a wave 4 correction working off what will likely be almost 300 points of upside from SP 500 1343. We could see as much as 90-120 points of correction in the major index once this wave completes. Loosely we see 1528-1534 as a possible top and if not then maybe another 30 or so points above that maximum into early June. This should then trigger that 90-120 point correction, and then be followed by yet another run to highs.

We could go on but then we will lose our readers here for sure, and as it is… this is all projections and postulations, so it’s best to keep the forecast to the next many weeks or few months. Below is a chart we have put together showing the structure of Major wave 3 of Primary 3 since the 1343 lows. Once that Major wave 3 tops out (see the blue 3) then we will have Major 4, then Major 5 to complete Primary wave 3 since the 1074 SP 500 lows. Whew!

TMTF

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Thursday, May 9, 2013

Top 3 Trading Indicators for Profitable & Simple Trading

Many investors and traders make the same mistakes assuming that one needs a complex trading system to consistently profit from the stock market. On the contrary, some of the top performing strategies are the ones with the least amount of moving parts and are simple. Because their simplicity they can be easily and consistently followed.

The methodologies we use for timing the market, picking stocks and option trades are very simple because we focus mainly on price, volume and momentum. These three indicators are the key to success. When these are used together you are able time your entries and exits during key turning points, clearly define risk and reward levels while maintaining a clear unbiased state of mind which allows one to trade almost emotionless.

As my Trading System Mastery coach taught me, if you do not have a detailed trading plan which a five year old could trade, then you do not have a solid strategy and will have unnecessary losses and emotional stress.

So here are a couple tips to keep things simple and emotionless: 

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Our recent trade in Infoblox Inc. (BLOX):

This stock was flashing several signals (price, volume and momentum) that a bounce or rally was likely going to happen within a few weeks. This is a good example of a swing trade based purely on our main indicators.

BLOX

Our Broad Market Outlook: Current stock market prices are starting to warn us that a market correction is near. You can read more about this in detail in our last report “Stocks Preparing for a Pullback, Buy Bas News, Sell the Good”.

We all know the market works with the saying.....

“If the market doesn’t shake you out, it will wait you out”.

How does this work? Simple really, during down trends and just before a market bottom we tend to see capitulation spikes in selling. These scare the last of the long positions out of the market and suck in the greedy shorts after the move has already been made.

During an uptrend which is what we are in now the market makes spike highs designed to scare out the shorts and get greedy long traders to buy more. Once again after the move has already been made and likely near the market top.

If you are the type of trader who always tries to pick tops and bottoms against the current trend then you may like to know this little tip… The largest percent moves typically happen during the last 75% of the trend. What does this mean? It means when you take your position against the trend trying to pick the dead top or bottom you are most likely going to get be caught on the wrong side of the market in a big way.

Most traders I know based on recent emails have been short the market for 1-3 weeks and many keep emailing me that they are adding more shorts each day because they feel the market is going to top. So me being a contrarian by nature in terms of what the masses are doing, if everyone is still holding on to their shorts we likely have not seen the top just yet. Another 1-2% jump from here should be enough to shake them out though.

If you like this article just click here to join our free newsletter to receive more timely trading insight.



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The Energy Shortage Most Investors Don't Know About

There’s an energy crisis brewing that’s off virtually everyone’s radar. It will be so severe, so disruptive that it will cause a shocking rise in the cost of power around the world.

And at the same time create a contrarian investing opportunity for the history books.

Russia is at the forefront of this budding crisis, which will begin in earnest when the Megatons to Megawatts agreement with the U.S. ends.

That happens in just a few short months, giving you very little time to position yourself......Read the entire Casey Research report and article.



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Trading Commodities with any Size Account

So many traders shy away from trading commodities because their account balances are just to small to buy and sell oil contracts. They think the only option they have is to buy and hold the most popular ETF's like GLD, SLV or USO. But that couldn't be further from the truth. The guys at Trading Concepts have developed a system that can earn you a regular pay check trading commodities....and equities and currencies as well, no matter what size account you have.

And when we think about why you didn't enroll the last time this course was offered, the only reasons I can come up with is you're either not interested in learning how to make monthly income trading options [with any size account] or, you simply couldn't afford it.

When our trading partner Doc Severson closed OptionsMD, he received a number of inquiries from people who said they would have loved to have been a part of the mentoring program, but couldn't afford the investment.

With college tuitions, saving for retirement, increasing job loss, mounting debt, and many other concerns, Doc's always taken pride in being a part of the solution.

So in a last minute effort to help those who are struggling with getting results, but are committed to change their financial situation with options, Doc has reopened OptionsMD until midnight tonight with one big change.

You still get all the mentoring, bonuses, and the one year performance guarantee. But, now you can get all of this with a new payment plan and a much lower monthly investment.

Only open until midnight tonight..... Click to enroll today

See you in the markets,
Ray C. Parrish
The Crude Oil Trader

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Monday, May 6, 2013

How to Trade Gold, Silver & Precious Metal Miners....It's not that Difficult!

How to trade Gold and other precious metals related investments is not that complex. But you must be willing to wait for price to provide low risk entry points before getting involved. Precious metals are like any other investment in respect to trading and investing in them. There are times when you should be long, times to be in cash and times to be short (benefit from falling prices).

Since 2011 when gold and silver started another major bull market correction the best position has been to move to cash or sell/write options against your positions to protect your investment until the next trend resumes.

If you take a look at the chart below of gold you will notice that in 2008 we had a similar breakdown in price which purged the market of investors who where long gold. And if you compare the last two breakdowns they look very much the same. If price holds true then much higher prices are likely to unfold at the end of 2013.

The key here is for the price to move and hold above the major resistance line. If it can do that then we are looking at a possible breakout to $2600 – $3500 gold. With that being said gold and silver may just be starting a bear market. Depending what the price of gold does when my resistance level is touched, my outlook may change from bullish to bearish.

Also with last weeks economic numbers getting better in the USA I do have concerns that gold may be starting a bear market but we will not know for several more months yet.

LongTermWeeklyGold

How to Trade Gold Daily Technical Chart:

Major technical damage has been done to the chart of gold. This can be seen as bullish or bearish price action but until price and volume pattern unfolds which puts the odds on the bullish or bearish side I remain neutral.

LongTermGold

How to Trade Silver Daily Technical Chart:

Silver is in the same position as gold. The question is if this is a shakeout or breakdown......

LongTermSilver

How to Trade Gold Mining Stocks Monthly Chart:

Gold mining stocks broke down a couple months ago and continue to sell off. If precious metals continue to move lower then mining stocks will continue their journey down. The chart below made in February and it has in most part played out as expected. While I do not try to pick bottoms (catch falling knives) I do like to watch for them so I am prepared for a new position when the time and chart become bullish.

LongTermMiners


How to Trade Gold, Silver and Mining Stocks Conclusion:

In short, precious metals continue to be in a down trend. While they look to be trying to bottom it is important to remember that the largest moves take place in the last 10% of a trend. So we may be close to a bottom but there could be sharply lower prices yet.

The time will come when another major buy or short signal forms and when it does we will be getting involved. The exciting part is that it could be just around the corner.

If you want to keep current and take advantage of the next major move be sure to join our free newsletter here.... Gold, Silver, & Mining Stock Trade Setups



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Sunday, May 5, 2013

OptionsMD Mentoring Program is Currently FULL!

We are proud to report that our mentoring program is full and our students are already paving their own roads to profitable trading.

Even though we are currently not taking any new traders for this particular program, I encourage you to sign up on our WAIT LIST just in case any seats open in the future.

If you want to secure your spot on the wait list and get notified if any spots open up, just enter your name and email at the link below.

See you in the markets!


Saturday, May 4, 2013

Stocks Preparing for Pullback, Buy Bad News, Sell the Good

The SP500 remains in a strong uptrend, but the index has posted a sizable gains for 2013 thus far so it’s only logical that a pullback within this bull market takes place sooner than later.

With May now upon us and historically prices fall more times than not we feel a 3-4 weeks correction is on the verge of starting. This Friday we just had very strong economic numbers confirming the economy is recovering. This news has sent stocks sharply higher as shorts cover their positions and investors who are not yet long get into position to profit from higher prices. But the herd psychology and their trades are typically incorrect as they invest based on fear and greed. The old saying is buy on negative news and sell on positive news will typically get you on the correct side of the market more times than not if used with price, volume and cycles.

The Technical Traders – SP500 Index Weekly Chart

If we look at the price of the SP500 we need it to breakdown below the recent pivot low before we become bearish. Volume which is not shown on this chart is below average as price moves higher and this is a bearish sign also.

Looking at a basic cycle using the stochastics indicator we can see that the current cycle is starting to turn down. Cycles tend to lead price during an uptrend so we could still have stocks move higher for another week or so but be aware that when price starts to drop its likely a market top. But until then you must respect the uptrend. Stocks can remain overbought and toppy looking for months… so done be gambling and trying to pick a top until we see breakdown start.

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SP500 Stocks Trading Above 200 Moving Average – The Technical Traders View

Stocks trading above the 200 day moving average is a great indicator for helping spot broad market underlying strength/weakness. It does lag the market but is still very powerful. The chart below shows this info and my thinking of what is likely to unfold sooner than later though price may still rise for several days yet.

We also use a similar chart for timing swing trades and market tops which are based on stocks trading above the 20 day moving average. This chart is not shown here but is now trading at a level which generally triggers selling/market top.

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Stock Market and SP500 Trading and Investing Conclusion:

In short, we are still bullish on the market as we focus on trading with the trend. We do not pick market tops and we do not pick market bottoms. Knowing that stocks make their biggest moves at the end of their uptrend and at the end of a down trend it’s only common sense that risk is extremely high if you are betting against the current trend.

The best thing to do is wait for a technical breakdown and reversal which puts the odds more in your favor with much less risk and typically a clear line in the sand to exit the position if you are incorrect.

The last major stock market top which formed in September of last year had a series of strong news and strong price action persuading the herd to buy stocks. Instead it was the last impulse wave up just before a strong correction took place. That is much like what we see now with the economic news.

Join our free newsletter and stay on right side of the market while reducing your trading/investing stress. My simple yet effective analysis walks you through the market each week without bias. Remember Price and Volume is what makes you money trading NOT news or forecasts.

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Thursday, May 2, 2013

It's time for you to make a decision....are you in?

Whether you're trading commodities, stocks, futures, or the forex using Options to diversity your trading could be one of the most profitable decisions of your trading career and your families future. With Options, you can make money [even draw a weekly paycheck] if the market is trading sideways, up or down. And there are strategies with which you make money even if you're wrong at predicting the market direction.

Yes, it's true. And Doc Severson put together an entire mentoring program taking you by the hand and showing you how to make it happen. But it's the LAST time he's making this bonus package available this year and you only have 24 hours to get in.

It's the most comprehensive mentoring program available and it comes with a 1 Year, 100% Money Back Performance Guarantee, PLUS an extra $500 if you've taken this course seriously and still can't make it work for you. It's one of the few cases where I'd say it's truly a no brainer.

Click here to enroll today

In addition to all Doc's trading strategies, worksheets, and trading tools. He's also giving you his daily updates 5 days a week for an entire year. That's right, you get to see all of his trade picks including his exact entry price, exit strategy, and how he managed the trade. This alone is easily worth the price of the course. If not money.

Whether you get on board or not we'll see you in the markets. Are you going to be trading with us or against us?

Ray C. Parrish
The Crude Oil Trader


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Earnings season continues.....Royal Dutch Shell [RDS.A], Statoil [STO] and Plains Exploration [PXP]

Royal Dutch Shell [RDS.A] Chief Executive Officer Peter Voser commented: “Our industry continues to see significant energy price volatility as a result of economic and political developments. Oil prices have fallen recently but Shell is implementing a long term, competitive and innovative strategy against this volatile backdrop.”

“Shell's underlying CCS earnings were $7.5 billion for the quarter, a 2% increase in CCS earnings per share from the first quarter of 2012. These results were underpinned by Shell's growth projects, an improvement in downstream profitability, and were delivered despite a difficult security environment in Nigeria.”

“Our profits pay for Shell's dividends and investment in new projects to ensure affordable and reliable energy supplies for our customers, and to add value for our shareholders.”

“Shell is investing for profitable growth, whilst maintaining strong capital discipline. We are developing some 30 new projects and maturing a series of further opportunities for investment. So far this year, we’ve seen the growth impact of recent start ups and we took four final investment decisions in petrochemicals, deepwater, and LNG”......Read the entire Shell earnings report.


Statoil [STO] president and CEO Helge Lundfirst announced 1st quarter 2013 net operating income was NOK 38.0 billion. Adjusted earnings were NOK 42.4 billion. "We deliver financial results impacted by lower production and reduced prices. We continue to deliver good industrial progress according to plan. As previously announced, production in 2013 will be lower than in 2012. We are on track to deliver 2 to 3% average annual production growth from 2012 to 2016 and production above 2.5 million barrels of oil equivalent per day in 2020," says Helge Lund, Statoil's president and CEO.

In addition to the expected lower production in the quarter, production was impacted by operational disruptions at Snøhvit, Troll and Peregrino. Statoil's net operating income was also impacted by a provision related to the Cove Point terminal in the US. Adjusted earnings [5] were down 28% compared to the first quarter 2012. The underlying cost development in the period is stable.

Statoil's cash flows provided by operating activities decreased by 19% compared to the first quarter of 2012, explained by the lower production and reduced prices......Read the entire Statoil earnings report.


Plains Exploration & Production Company (PXP) announces 2013 first-quarter financial and operating results. PXP reported first-quarter revenues of $1.2 billion and net income attributable to common stockholders of $22.6 million, or $0.17 per diluted share, compared to revenues of $524.3 million and a net loss attributable to common stockholders of $82.3 million, or $0.64 per diluted share, for the first-quarter of 2012.

The first quarter 2013 net income attributable to common stockholders includes certain items affecting the comparability of operating results. Those items consist of realized and unrealized gains and losses on our mark to market derivative contracts resulting in a net loss of $202.0 million due in large part to higher crude oil forward prices, a $15.5 million unrealized gain on investment in McMoRan Exploration Co. common stock, debt extinguishment costs of $18.1 million, and other items. When considering these items, PXP reports adjusted net income attributable to common stockholders of $139.6 million, or $1.05 per diluted share (a non-GAAP measure), compared to $77.0 million, or $0.58 per diluted share, for the same period in 2012.

A reconciliation of non GAAP financial measures used in this release to comparable GAAP financial measures is included with the financial tables. PXP's 2013 first-quarter daily sales volumes averaged 170.4 thousand BOE per day compared to 87.9 thousand BOE in the first quarter of 2012......Read the entire Plains Exploration earnings report.


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Wednesday, May 1, 2013

Wednesday's earnings....Devon Energy [DVN], Murply Oil Corp. [MUR] and Phillips 66 [PSX]

Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company, announces first quarter earnings of $1.4 billion compared with earnings of $636 million in the first quarter of 2012. Adjusted earnings were $1.4 billion, an increase of $617 million from the first quarter of 2012.

“We achieved strong financial results in the first quarter by capturing favorable chemicals and refining margins,” said Greg Garland, chairman and chief executive officer. “Operating excellence is our top priority, and in the first quarter we continued to improve upon our solid safety and environmental performance. We also are investing in the continued growth of our business. Our plans for a new natural gas liquids fractionator on the Gulf Coast reinforce our commitment to the American energy landscape and highlight our unique opportunities across the downstream value chain.”

“Increasing shareholder distributions remains a key component of our strategy and value proposition. During the quarter, we paid an increased dividend and repurchased $382 million of stock as part of our $2 billion share repurchase program. Since the company’s inception a year ago, we have returned $1.2 billion of capital to shareholders through dividends and share repurchases,” Garland concluded......Read the entire Phillips 66 earnings report.


Devon Energy Corporation (NYSE:DVN) today reported a net loss of $1.3 billion or $3.34 per common share ($3.34 per diluted share) for the quarter ended March 31, 2013. The quarterly loss was attributable to a $1.9 billion non cash asset impairment charge primarily related to lower oil and natural gas liquids pricing. Adjusting for this non cash charge and other items securities analysts typically exclude from their published estimates, the company earned $270 million or $0.66 per diluted share in the first quarter of 2013.

Devon continued to deliver strong oil production growth in the first quarter of 2013. Companywide oil production averaged 162,000 barrels per day, a 14 percent increase compared to the first quarter of 2012 and an 8 percent increase over the fourth quarter of 2012. Driven by the Permian Basin, the most significant growth came from the company’s U.S. operations, where oil production increased 23 percent year over year.

Total production of oil, natural gas and natural gas liquids increased to an average of 687,000 oil equivalent barrels (Boe) per day in the first quarter. This exceeded the top end of the company’s guidance by 2,000 barrels per day. First quarter production benefited from better-than-expected results across several core development assets, including Jackfish and Cana-Woodford......Read the entire Devon Energy earnings report.


Murphy Oil Corp. (NYSE: MUR) announced today that net income in the first quarter of 2013 was $360.6 million ($1.88 per diluted share), compared to net income of $290.1 million ($1.49 per diluted share) in the first quarter of 2012. The first quarter of 2013 included income from discontinued operations of $152.6 million ($0.80 per diluted share) compared to income of $8.6 million ($0.05 per diluted share) in 2012.

The 2013 discontinued operations results primarily related to a gain on sale of two oil and natural gas properties in the United Kingdom during the quarter. Income from continuing operations was $208.0 million ($1.08 per diluted share) in the first quarter 2013, down from $281.5 million ($1.44 per diluted share) in the 2012 quarter.

Income from continuing operations declined in the 2013 quarter compared to 2012 due primarily to higher expenses for exploration, administration, financing and income taxes. Better results for the Company’s downstream operations partially offset these higher expenses......Read the entire Murphy Oil Corp. earnings report.


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Does this concern you? Let's look at the "Macro Trend of the Markets"

Great post from our trading partner Doc Severson this morning.....

The Bureau of Labor Statistics stated 60% more seniors are working today than they were 10 years ago. Isn't that shocking? There are some clear reasons for this.

When I was a kid, I was told to "save for retirement" and invest in the stock market. This was good advice when bank interest rates were upwards of 10%, and you could count on the S&P making regular advancements. But over the last 13 years, people are only now starting to see the writing on the wall.

Back in the day, the macro trend of the markets steadily climbed from the mid-70s UNTIL the peak in 2000.

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But since the crash in 2000, we've seen nothing but sideways trading for the last 13 years and interest rates at an all time low. During the same time, we also had two major crashes, and well.....who knows what could happen by the end of the year.

So what's next?

I'd rather not pretend to predict the market. Instead, I'll continue to trade a robust trading plan, proven to generate a consistent monthly income during the same time most people have struggled.

It's a system that's taken me years to develop, and is uniquely designed to use a combination of non-directional strategies, semi directional strategies, and directional strategies. This way your trading results are independent of market direction!

Not only will I teach you how to trade these trading strategies, when you enroll in OptionsMD today, I'll take you by the hand to show you exactly what I plan to trade, how I plan to trade it, and let you see my open trades.

So what do you say?

Bottom line....If you want to learn how to make a consistent monthly income by protecting and growing your wealth Click here to join me inside of OptionsMD today!


Kinder Morgan Completes Acquisition of Copano Energy KMP CPNO

COT fund favorite Kinder Morgan Energy Partners (NYSE: KMP) today closed its previously announced acquisition of Houston based Copano Energy (NASDAQ:CPNO). KMP has acquired all of Copano’s outstanding units for a total purchase price of approximately $5 billion, including the assumption of debt. The transaction, which was approved by the Copano unitholders on April 30 (with more than 99 percent of the units that voted voting in favor of the transaction) and previously by the boards of directors of both companies, is a 100 percent unit for unit transaction with an exchange ratio of .4563 KMP units per Copano unit.

“We are delighted to complete this transaction, which will enable us to significantly expand our midstream services footprint and offer a wider array of services to our customers,” said KMP Chairman and CEO Richard D. Kinder. “We will now pursue incremental development in the Eagle Ford Shale play in South Texas, and gain entry into the Barnett Shale Combo in North Texas and the Mississippi Lime and Woodford shales in Oklahoma. The transaction is expected to be modestly accretive to KMP in 2013, given the partial year, and about $0.10 per unit accretive for at least the next five years beginning in 2014”......Read the entire Kinder Morgan press release.


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