Jump to content



Photo

the oil stocks


  • Please log in to reply
6 replies to this topic

#1 gannman

gannman

    Member

  • Traders-Talk User
  • 6,948 posts

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

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 9,521 posts

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.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#3 PrintFaster

PrintFaster

    Member

  • Traders-Talk User
  • 1,683 posts

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

fib_1618

    Member

  • Traders-Talk User
  • 10,144 posts

Posted 10 November 2021 - 07:46 PM

Through last Friday.

 

Fib

 

breadthxle110521.png


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

Technical Watch Subscriptions



 


#5 gannman

gannman

    Member

  • Traders-Talk User
  • 6,948 posts

Posted 10 November 2021 - 10:18 PM

fib i cant open that link


feeling mellow with the yellow metal


#6 stubaby

stubaby

    Member

  • Traders-Talk User
  • 1,658 posts

Posted 10 November 2021 - 10:37 PM

fib i cant open that link

"open in a new window" and it will work



#7 gannman

gannman

    Member

  • Traders-Talk User
  • 6,948 posts

Posted 11 November 2021 - 12:00 AM

thanks stu


feeling mellow with the yellow metal