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the oil stocks


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#1 gannman

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Posted 10 November 2021 - 11:51 AM

fwiw i think that the oil sector is the place to be

 

looking at the wave count any one i come up with is bullish

 

which probably means it is a big sell ha ha. seriously though

 

for intermediate term traders who are willing to stay in these 

 

things for 6 months i think its a dream sector . just my take 


feeling mellow with the yellow metal


#2 pdx5

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Posted 10 November 2021 - 02:09 PM

A bit late, but may not be too late to buy oil sector.

The time to jump in that sector was on Jan 6th 2001, when Biden was declared winner by electoral college.


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#3 PrintFaster

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Posted 10 November 2021 - 04:15 PM

XLE has not confirmed the move in oil at all.  XLE vs. USO still near the lows, as if we were going to be reaching $40 by New Years.

 

xle.jpg



#4 fib_1618

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Posted 10 November 2021 - 07:46 PM

Through last Friday.

 

Fib

 

breadthxle110521.png


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#5 gannman

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Posted 10 November 2021 - 10:18 PM

fib i cant open that link


feeling mellow with the yellow metal


#6 stubaby

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Posted 10 November 2021 - 10:37 PM

fib i cant open that link

"open in a new window" and it will work



#7 gannman

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Posted 11 November 2021 - 12:00 AM

thanks stu


feeling mellow with the yellow metal