Yeah in terms of oil the reason im there as opposed to like 100 p/e ratios in tech. The market has given up on oil since the 120 spike at the start of the ukraine russia war...... It is literally the most unerinvested asset, companines trading at like 1X free cashflow is fucking nuts. This is the Chart that set me off on it a couple months ago.
WTI held the bottom at 68 if we start getting over 75 a barrell oil and none of these funds own oil stocks there will be a move because they are forced to buy if it starts going up. Cant go back to clients with 80 dollar oil and all the headlines and say yeah i own 0 oil stocks lol.
There's a huge number of things to consider when stock trading. So I run a very large algo which firstly it excludes a large number of stocks. Imo, the best place to start is by eliminating as many contenders as possible by screening out those unsuitable.
Agree, sectors go hot, then cold, so they sector rotate. Uranium got too hot, so its cooling atm. Copper, eeeehhhh, never been a very hot sector.
Not sure whar you mean by that but hope you aint long copper, thats a China trade and they are in a housing bubble that makes 2008 look like childs play.
Thanks for the heads up, looking at his stuff right now! HFI research and Wallstreet Jesus two people worth following on twitter, just data all the time,.
Via @WallStJesus today, this is the kind of stuff im talking about, he is a machine, just posts data all the time.
My friend from Leduc near Edmonton would disagree with you. He thinks Healthcare in Canada is better. Said he never pays more than 4 dollars for meds. Health care here in USA cost my wife and myself near 786.00 US DOLLARS per month. However our drug plan is cheap. 50 cents a piece per month! Lol