Hubert Senters here.
Let’s take a look HES. This is a nice little slingshot trade. It’s got a bunch of different names. It doesn’t really matter what you call it.
Slingshot, catapult, rocketship higher. Whatever you want to call it. I don’t really care. I usually call it the slingshot though.
On this example, here’s what you’re looking for. It’s a fairly easy trade to spot to. So what you’re looking for in this case is a drop below the turning line which is the yellow line.
You want it to either get close, touch or slightly below the purple line. And then you wanted to go back above the yellow line.
So what you’re going to do is pullback below the yellow and get near touch your slightly below the purple line and then close back up above the turning line today at around $86.95.
And then it will slingshot prices higher and then you have to figure that out. That’s not that hard to do though. She’s a fib then you could go one, two, buckle my shoe. Target $94, $102 and $109.
The 30 year bond had another 3 point move today. If you’re interested in learning How to Make $1,000 or More Risking Only $156.25 then I’ll be doing a live webinar June 23rd at 2PM.
Click this button right here. Fill out this information here and I’ll see you on the webinar at 2PM this Wednesday.
Good luck. Hope it helps. See you on the next video.
Hubert.
