I am not an Energy head, but this catches my eye. A subscriber asked if I would focus closer on Energy and I was a little bit dismissive (of Energy,…
![Read more about the article Request: A Good and Reputable Oil & Gas Authority [w/ edit]](https://i0.wp.com/nftrh.com/wp-content/uploads/2020/05/oil3-1.png?fit=416%2C190&quality=80&ssl=1)
[edit] He is actually looking for other research viewpoints in order to refute or confirm the information in the report below. A global fund manager I do some work with…
Ref. the bullish bounce pattern in crude oil we noted in NFTRH 536. The target for WTI crude is around 60 (oil is currently around 54). So assuming that the…
For me - and NFTRH in general - Energy has been an 'avoid' all year. Currently, XLE is on a daily chart breakdown that it tried and failed to remedy…
Last week we noted XLE's attempt to break above the SMA 50. In NFTRH 457 we noted its unsurprising failure. Today I want to look closer, starting with the daily…
On Sept. 1, 2015 we looked ahead on both XOM and the Energy sector in general (XLE). XOM went on to bottom at the projected support area, as did the…
This is an NFTRH+ update, but it is sent to the entire list because it is also a macro market update. Last February we updated the NFTRH+ Energy sector trade. …
This NFTRH+ update is sent to the entire list as it has more general considerations than just as a trade. Last year we began managing a 'look ahead' to XLE's…
In US pre-market silver is +2.47% and gold is +.72% at 7:00 Eastern. The silver-gold ratio closed like this yesterday, still above the daily SMA 200.
I created the title and then had a flashback to Spy vs. Spy… :-)
Anyway, here are some daily charts of other items vs. SPY. I am getting nudged in the direction of ‘inflation trade’ and as part of that I might need to concede that the US stock market may not go the way of the bears with inflation in the system, post-Goldilocks. Several of my long positions are in alignment with a potential ‘inflation trade’, including US manufacturing/exporters. I still hold SPY short. Ouch, but it’s more than fine; the 2016 out performers are seeing to that.
Here are relevant markets vs. SPY, beginning the EM’s, which we long ago noted were out performing. EEM-SPY is doinking the SMA 200 for the first time today.
There is a bigger picture situation, the bottom of which we caught right on. That would be per this monthly chart at the green long-term support line to the channel…
Updating the short and long-term views of XLE and sending to the entire list as it is a sector of interest to so many economies and markets and thus, of macro concern.
XLE Daily broke above the key resistance level yesterday and assuming we have a weekly close above it tomorrow, that is now support. Indeed, it is tentative support now but I kept it red to play devil’s advocate. A reasonable measurement from the pattern is 64-65. That is for the traders among us.
As you know, we have the energy sector (XLE) as an ongoing situation from both long-term (monthly view, for investors) and short-term (daily, for traders). Crude Oil fund USO is…
This is as much an excuse to test the NFTRH+ 'opt-in' list as it is a reason to update the energy sector (XLE). At the next regular update I will…