This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

You Ask, Fitzpatrick Answers: Chesapeake, Transocean

Updated from March 17

Throughout the trading week on Stockpickr Answers, investing professionals answer questions posed by members of the Stockpickr community.

Tuesday, Dan Fitzpatrick ( RealMoney contributor) responded to a range of market and trading questions.

Here are a few of those questions and Fitzpatrick's answers.

  • What are your key current resistance and support levels on the S&P 500?

    In this market are you more in favor of playing with the sector ETFs vs. individual names? Hedged long/short?

    Or what would be your best way of playing in a very hard market... knowing that you have to be nimble and flexible?
  • Fitzpatrick: 800 is the ceiling on the S&P. 650 is the floor. I see the S&P trading sideways deep into the summer. To read more, visit

  • What do you think of the PowerShares DB US Dollar Index Bearish Fund [an ETF] (UDN) as a way to play the weaker dollar?
  • Fitzpatrick: I like UDN as the best way to play the dollar. To read more, visit

  • What's your favorite price pattern to trade? Is it your favorite because of its risk profile, potential for explosive profits, consistency in making profits or some other reason entirely?
  • Fitzpatrick: Depends on what the market is doing. Flat triangle breakouts work quite well, when the market is either oversold or just starting a trend that is sustainable. To read more, visit

  • Natural gas has been a laggard here, but the Chesapeake Energy (CHK - Get Report) chart is kind of sneaky good. Or is there another nat gas play you like better?
  • Fitzpatrick: I like CHK the best. To read more, visit

  • How do you feel about oil here, as well as the major players (Exxon Mobil (XOM - Get Report), ConocoPhillips (COP - Get Report), Transocean (RIG - Get Report), etc.)?
  • Fitzpatrick: I continue to like oil. I disagree with the experts who say there is no such thing as a triple bottom. To read more, visit

    Do you have a question for Fitzpatrick? He will be back on Stockpickr Answers on Tuesday, March 24.

    Who's on Stockpickr Answers Now?

    Wednesday, March 18: Tim Melvin

    Who's on Next?

    Thursday, March 19: Richard Widows

    Friday, March 20: David Peltier

    To post a question on Stockpickr Answers, you need to be a member of the Stockpickr community. If you're not a member, you can join the Stockpickr community now -- for free.
    Stockpickr is a wholly owned subsidiary of

    Check Out Our Best Services for Investors

    Action Alerts PLUS

    Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

    Product Features:
    • $2.5+ million portfolio
    • Large-cap and dividend focus
    • Intraday trade alerts from Cramer
    Quant Ratings

    Access the tool that DOMINATES the Russell 2000 and the S&P 500.

    Product Features:
    • Buy, hold, or sell recommendations for over 4,300 stocks
    • Unlimited research reports on your favorite stocks
    • A custom stock screener
    Stocks Under $10

    David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

    Product Features:
    • Model portfolio
    • Stocks trading below $10
    • Intraday trade alerts
    14-Days Free
    Only $9.95
    14-Days Free

    Check Out Our Best Services for Investors

    Dividend Stock Advisor

    David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

    Product Features:
    • Diversified model portfolio of dividend stocks
    • Updates with exact steps to take - BUY, HOLD, SELL
    Trifecta Stocks

    Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

    Product Features:
    • Model Portfolio
    • Intra Day Trade alerts
    • Access to Quant Ratings
    Real Money

    More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

    Product Features:
    • Access to Jim Cramer's daily blog
    • Intraday commentary and news
    • Real-time trading forums
    UDN $21.88 0.41%
    CHK $2.05 -33.00%
    COP $34.45 4.70%
    RIG $9.55 -7.10%
    XOM $81.19 1.40%


    Chart of I:DJI
    DOW 16,027.05 -177.92 -1.10%
    S&P 500 1,853.44 -26.61 -1.42%
    NASDAQ 4,283.7530 -79.3910 -1.82%

    Free Reports

    Top Rated Stocks Top Rated Funds Top Rated ETFs