energy
- Daily Technical Strategy
- 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, yet time factors show the beginning of September to be strong in providing some support to weakness. As discussed yesterday many prior low to high...
- 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 speech. Given the extent of the recent selloff and accompanying gaps, it’s possible that 4100 might be violated by a small amount. However, I’m not...
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...
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 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...
Technical Strategy
Clean Energy starts to “Go Green”; Analyzing OIH, XLE
The near-term US Equity market index trends remain bearish, and S&P’s failure to recoup 4250 on a close keeps prices trending lower and offers an...
Technical Strategy
Aerospace & Defense along with Energy showing strength
Monday’s churning still leaves markets in bottoming process as the month of February comes to a close. While near-term price action remains choppy, rallies are...
Technical Strategy
Energy relative breakout worth following
Technical Strategy Video: https://vimeo. com/670026129/c93b4ad751 Market bottom still elusive, but initial low expected this week. Energy relative breakout to SPX makes this a great sector...
First Word
Energy leadership + Tech turning >50% market = base case 5,000 still possible
We publish on a 4-day a week schedule: Monday Tuesday Wednesday SKIP THURSDAY Friday STRATEGY: ENERGY LEADERSHIP + TECH TURNING > 50% MARKET = BASE...
