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WHY I am adding/liking OIL/GAS stocks vs GDX or SPX


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#21 senorBS

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Posted 25 October 2020 - 08:39 AM

M&A in U.S. had been picking up and now in Canada we have a Cenovus/Husky merger just announced, IMO another bottom sign

 

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#22 senorBS

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Posted 09 November 2020 - 06:11 PM

Helluva statement day for my XOP/oil stock bullish scenario. Note I did sell few that were up 15-20% to shift some funds to the miners which were down 8-10% at the time. Expect volatility but at least a large int term advance appears underway IMO

 

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#23 dharma

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Posted 11 November 2020 - 11:17 AM

how about this pattern and breakout https://gracelandupd...020nov11xle.png

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#24 senorBS

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Posted 11 November 2020 - 11:42 AM

how about this pattern and breakout https://gracelandupd...020nov11xle.png

dharma

not quite yet, looks to me the initial pattern off the low is still in progress and that pullback might be too "easy", we see

 

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#25 linrom1

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Posted 11 November 2020 - 12:47 PM

 

how about this pattern and breakout https://gracelandupd...020nov11xle.png

dharma

not quite yet, looks to me the initial pattern off the low is still in progress and that pullback might be too "easy", we see

 

Senor

 

Record volume on XLE. Looks like everyone is piling in like they did into SLV.



#26 senorBS

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Posted 16 November 2020 - 09:38 AM

Exited energy longs, gains just too good, as always DYODD

 

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#27 linrom1

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Posted 16 November 2020 - 09:54 AM

Exited energy longs, gains just too good, as always DYODD

 

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Agree.



#28 senorBS

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Posted 16 November 2020 - 10:07 AM

 

Exited energy longs, gains just too good, as always DYODD

 

Senor

Agree.

 

XOP "might" have ended 5 up daily from low near 38, great count "if" we get a large correction, more bullish count is it just keeps going - don't care when I get these type of gains

 

Senor