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
Senor
WHY I am adding/liking OIL/GAS stocks vs GDX or SPX
Started by
senorBS
, Oct 16 2020 10:36 AM
27 replies to this topic
#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
Senor
#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
Senor
#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
Senor
#27
linrom1
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Posted 16 November 2020 - 09:54 AM
Exited energy longs, gains just too good, as always DYODD
Senor
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
