well this is constructive
doin nice today but perhaps miners and oil gas stocks have one 5-10% ish plunge "IF" there is no stimulus deal done. will hold my modest longs, we see
Senor
Posted 20 October 2020 - 03:00 PM
well this is constructive
doin nice today but perhaps miners and oil gas stocks have one 5-10% ish plunge "IF" there is no stimulus deal done. will hold my modest longs, we see
Senor
Posted 21 October 2020 - 09:37 AM
senor i agree w/your assessment of this sector , i believe it will be a big performer in 2021 . inspite of all the green talk , oil remains at the center of the financial universe..
dharma
Posted 21 October 2020 - 09:48 AM
senor i agree w/your assessment of this sector , i believe it will be a big performer in 2021 . inspite of all the green talk , oil remains at the center of the financial universe..
dharma
Yeah I think even a Biden win had been factored in for the most part, do some research and pick your stocks and buy weakness is what I have done and am doing slowly. Asian/Indian economies doing pretty well and increasing oil usage, as always DYODD
Senor
Posted 21 October 2020 - 12:11 PM
senor i agree w/your assessment of this sector , i believe it will be a big performer in 2021 . inspite of all the green talk , oil remains at the center of the financial universe..
dharma
Yeah I think even a Biden win had been factored in for the most part, do some research and pick your stocks and buy weakness is what I have done and am doing slowly. Asian/Indian economies doing pretty well and increasing oil usage, as always DYODD
Senor
also hadik has 2021 as a war cycle year . he sees the middle east as a powder keg. not difficult to see. i remember oil and gold working together as a hand to a glove in the 70s i think that will be a factor along w/the commodity sector. one can buy cvx w/7+% div and xom w/10%+ div seems like they are totally out of favor. . oil and oil stocks seem cheap. hey i am all for the new tech and a green environment . but oil usage is not going to disappear overnight. there is money to be made there
Posted 22 October 2020 - 09:54 AM
nice action in XOP/oil stocks today vs miners/S&P, as I have said the big picture ratio analysis is about ab oversold/extreme as at any time in decades
Senor
Posted 22 October 2020 - 04:16 PM
Bueno day with XOP up over 5%, sure looks like the recent drop was corrective and with today's action likely over and a significant rally leg up could be beginning
Senor
Posted 23 October 2020 - 02:48 PM
more evidence today of a bigger picture "character change" in oil stocks developing. XOP barely up with crude down over 2%, XOP up vs miners again, IMO the "ratio analysis" extremes is IMO so far starting to show a change, baby steps so far
Senor
Posted 23 October 2020 - 06:21 PM
Posted 24 October 2020 - 09:29 AM
Five up from March, ABC down ending? That's my preferred count
Senor
Posted 24 October 2020 - 11:24 AM
Text book. Well done!
Will be interesting to see how it plays out.