energy
- First Word
- Daily Technical Strategy
Energy holding up extraordinarily well despite WTI Crude selloff
The near-term moment of truth is approaching for SPX, as it was discussed how 3800 area should be initial strong resistance for this rise (Technically 3820 for S&P Futures, 3807 SPX cash). Overall, it’s encouraging how well various sectors are holding up lately, with Financials and Industrials showing sharp gains...
- Daily Technical Strategy
Energy getting stronger, while Utilities falling out of favor
The minor consolidation Thursday might not be complete and still looks likely to give Bulls some opportunity to buy dips for those who didn’t participate in early week strength. However, in the bigger picture, rallies back up to test 3980-4050 look likely into October expiration, and pullbacks should be used...
Daily Technical Strategy
Energy likely to lead commodities down into late September before bottoming
Bottom line, Equity markets are likely to stabilize and turn higher next week. $SPX fell below its 50% price retracement area of the June-August bounce,...
Daily Technical Strategy
Energy stocks have diverged sharply from WTI Crude
The selloff which began last Tuesday does not yet look complete, but I’m expecting this will be finished by this Friday into Powell’s Jackson Hole...
Daily Technical Strategy
Tactical correction in Energy likely to continue into July
Heading into the end of the month and quarter, we’re reminded that this has been the worst first six months of the year for US...
- Daily Technical Strategy
Energy looks to have formed temporary bottom along w/ XLU
The bounce in US Equities should be nearing conclusion over the next 24-48 hours, and it’s thought that prices might be still vulnerable to selloffs into end of Q2. Wednesday’s initial Equity decline failed to get much traction before turning higher, and both Treasuries and Equities seem to be back...
Signal From Noise
Not Too Late To The Party: Why Energy Could Continue Its Incredible Run
Last December, when the S&P 500 was sitting near all-time highs, Tom Lee made another non-consensus forecast: While warning the first half of this year...
Daily Technical Strategy
Energy turning out to be stronger than expected
S&P still grinding sideways, but this consolidation should break out to the upside into Friday’s CPI report and/or early next week before showing much resistance.Energy...
Daily Technical Strategy
Energy still resilient but expecting June peak as Tech bottoms
Stabilization within a trend does not equal “Rally-time” Trends remain under pressureEnergy remains the best performing group, and while stretched, still looks to offer alpha...
Technical Strategy
Energy rebounds with commodities as Equities stall
The near-term rally has begun to show some evidence of stalling, though one still can’t make a firm case that a reversal is underway, nor...
