Trade Ideas Newsletter 09/12/2016

SE is showing significant strength right now

Based on the analysis above in SE, traders should determine that their portfolio can handle the additional risk from a new position. Also be sure that SE is not significantly correlated with your existing positions. Lastly, experienced traders never ignore how a new addition relates both to the overall market conditions as well as their existing account. For example, check the S&P 500. Is it trending or stationary recently? Has it moved up or down though key levels? Be sure to matvh up your trading actions on SE with the overall market so you are fighting the crowd.

CHART

Currently the important sentiment levels, evaluated by Traders For Wealth, have shown an increasingly positive bias toward SE. Also, the price action in SE has been moving up a lot. This is a strong sign for a potential upside breakout. Traders should view this as a bullish trade and make sure it aligns with the overall market mood, and their current positions.

Spectra Energy Corp (SE)

Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing and Field Services. Its Spectra Energy Partners segment provides transmission, storage and gathering of natural gas, as well as the transportation and storage of crude oil through interstate pipeline systems. Its Distribution segment provides distribution services in Canada through its subsidiary, Union Gas Limited. Its Western Canada Transmission & Processing business comprises the British Columbia (BC) Pipeline, BC Field Services, Canadian Midstream and Empress NGL operations, and Maritimes & Northeast Pipeline Limited Partnership. Its Field Services segment consists of approximately 50% investment in DCP Midstream, LLC.