energy
- Daily Technical Strategy
- Daily Technical Strategy
Energy likely to lead commodities down into late September before bottoming
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- 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 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 would be “treacherous,'' he highlighted Energy as a key component of his 2022 strategy. On Dec. 21,2021, he told more than 1,000 members that the...
- 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 technicals show a further push up before consolidation; however, weakness likely does not prove to be as strong as initially expected, and Crude should hold...
- 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
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 above-average likelihood of an upcoming test and possible temporary break of February lows. The volatility most are witnessing is reminiscent of 2008 and it’s important...
- Daily 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 expectedEnergy has shown some change of character as Equities have begun to stabilize with Exploration and Production stocks starting to outperform. XOP should be favored.Aerospace...
- Daily 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 near-term to overweightMSFT getting close to support and after-hours volatility could provide opportunity ------------------------- US Equity markets should be close to trading lows, but...
- 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 CASE 5,000 STILL POSSIBLE _UNLESS A CURE EMERGES, DIVERGENCE IN POLICYMAKERS OF COVID-19 "ZERO CASE" VS "ENDEMIC" IS ECONOMICALLY UNSOUND_ As Omicron burns its way...