Category: AES

The AES Corporation is a holding company. The Company, through its subsidiaries, operates a diversified portfolio of electricity generation and distribution businesses. The Company is organized into four market-oriented strategic business units (SBUs): US and Utilities (United States, Puerto Rico and El Salvador); South America (Chile, Colombia, Argentina and Brazil); MCAC (Mexico, Central America and the Caribbean), and Eurasia (Europe and Asia). It has two lines of business: generation and utilities. The generation business owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The Company’s utilities business owns and/or operates utilities to generate or purchase, distribute, transmit and sell electricity to customers in the residential, commercial, industrial and governmental sectors within a defined service area.


Yesterday did what I expected and bounced a little off 22.70 support, but didn’t act very strong. I was using XLE to help manage this position, but this is not in the Energy sector. It appears to be an Industrial. I need to monitor XLI. XLI looks weak, but did close just over it’s resistance….


XLE went down and AES also continued down with increasing volume. However, now its right at 22.7 support. I’m expecting some bounce off that. If there is and XLE doesn’t recover, short the remaining into the strength.


XLE closed with no gain below it’s resistance, but hard to tell if it confirmed or rejected yesterday’s potential reversal candle. Meanwhile, AES closed lower again on consistent volume. Remain watching for XLE reversal confirmation, or AES retest of broken support at 23.50.


Today closed at its low of the day on increasing volume. The weekly and daily strength continues to deteriorate. However the Energy sector ETF (XLE), was the only sectors to close green today. It showed strong volume, but little reaction. Today also had a big print on the XLE. It remained green, but closed at…

OPEN: AES(2) 20% Short at $23.40

PENDING: AES(2) 20% Short

It started the day going back up as soon as my order to short filled. It went up to the convergence of the 20 and 50SMAs and the down channel resistance where it got rejected. It was a lower volume day that ended green, but still closed below 23.50 resistance. I like the look. Add…

OPEN: AES(1) 50% Short at $23.39

PENDING: AES(1) 50% Short

Lots of prints over the last month right at the 23.50 support. The daily strength indicators are getting weaker and the ADX is rising. Implying the the weakness may be accelerating. The weekly also looks weak. Yesterday closed just below support on high volume. 5 days ago was a shooting star reversal candle, right at…