i think the bottom is in on xle we will see
oil and oil stocks
#61
Posted 15 November 2021 - 02:08 PM
#62
Posted 16 November 2021 - 10:00 AM
i am out of fcx i dont like the fact it cant seem to establish a trend too choppy for me broke even with it
#63
Posted 16 November 2021 - 11:51 AM
so looks like one wave up done in the miners
the next wave should be pretty whacked good opportunity
i will be buying weakness in this sector
#64
Posted 17 November 2021 - 02:03 PM
i am out of fcx i dont like the fact it cant seem to establish a trend too choppy for me broke even with it
IMO daily and weekly 5 up done and now perhaps in wave C down to prev 4th and to fill gap at 37.80-38 area, IMO it is a buy on this correction.
XOP/oils: Not bullish int term but am longer term bullish as I believe a LARGE degree 5 up (from guess when - March 2020 low) ended at recent highs (yet another sector making a key Nov top?). Could see a several month correction with a "mini bear" within a larger bull, just a best guess at this time.
#65
Posted 17 November 2021 - 04:27 PM
yes fcx i can see the 5 waves up want to see how it corrects here
oils it very well could be 5 waves up this complex all this talk of releasing the reserves
is not bullish for this sector i want to see them do it and see how the stocks react
#66
Posted 19 November 2021 - 10:42 AM
very bearish on the financials here their charts look terrible
#67
Posted 19 November 2021 - 01:01 PM
gdxj has support between 44 and 44.8 if i like the wave picture in that range i will
be a buyer
#68
Posted 21 November 2021 - 12:37 AM
#69
Posted 22 November 2021 - 03:47 PM
on gdxj i will add to my position if it can trade over 47.6 not until then
#70
Posted 22 November 2021 - 08:06 PM
will start adding boil close to a bottom methinks