I am a market whore, I am in the markets to make money, whether its Gold/Miners, oil/gas stocks, other sectors. Because of my long and intermediate term RATIO ANALYSIS of XOP/GDX and XOP/S&P, and XOP/oil ratios I have been in the past week slowly accumulating oil/gas stocks as I believe in the months/year ahead the ratio analysis suggest they will outperform the GDX and SPX. I now have a similar oil/gas stock position currently as compared to my gold miner position after some shifting this morning, yet I am about 35-40% long (in total) in my accts. I can't forecast when a major turn will occur but the technical/chart action suggests to me that its close and even if it takes a few more months there appears much less risk of the XOP declining much more in respect to GDX or SPX. The ONE big caveat is that they ALL could decline substantially together if the stock market took another big hit like March. In any case my thinking is that having some exposure to oil/gas stocks is now warranted given the historic lows seen in these ratios and technical/chart indications a big turn has a very solid chance to occur in the months/year ahead. Take it FWIW and DYODD
Edited by senorBS, 16 October 2020 - 10:41 AM.
