Energy sector? Buy?

Discussion in 'Technical Analysis' started by Chris Mac, Sep 20, 2017.

  1. Chris Mac

    Chris Mac

    It seems we face the same config as in march '16...
    To be continued...

    CM

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  2. NOT a prediction, Mr Mac; its a bull market you know LOL:D:D Having said that , past XOM ecex Mr Tillerson said ''energy cycles'' They 're buying CVX , also . BUT many+ mostly downtrends in TX TEA/CL..................................
     
  3. Chris Mac

    Chris Mac

    You are right, your post gave me the idea to look at a small cap energy index. I found the "S&P Small Cap 600 Capped Energy".
    Needless to say, we are close to the agony / capitulation.
    Prices at the end of August '17 are close to February '16 and March '09?! Really ?
    I don't like to be contrarian but maybe there is a buying opportunity right now.

    CM

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    murray t turtle likes this.
  4. Chris Mac

    Chris Mac

    well, we got our target.
    TA rocks :)

    CM

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  5. Peter8519

    Peter8519

    As long as crude keeps running up, it's a safe bet.
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  6. Overnight

    Overnight

    Don't get cocky on the longs. US shale drillers gonna' eat this up.