Evolution Message Board - Msg: 29800658

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Politics : Evolution

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To: 2MAR$ who wrote (62322)	11/10/2014 10:18:31 AM
From: ItsAllCyclical	Read Replies (1) of 69300

Near term the energy sector as a whole has recovered off the bottom and that's with oil still below 80 (too much too soon?). More near term upside requires oil to I think at least get back above 82-83. EMES is a more levered way to play it I would imagine (have not dug into it though). Would still prefer beaten down nat gas plays, pipelines that aren't overly leveraged but off their highs or just general ETFs (XLE, XOP, OIH). I know EMES does not really follow XLE, but still overall sector seems like it's going to hit some stiffer resistance soon (XOP, OIH have more room to run potentially). Agree EMES chart looks like a decent bottom TA wise and I played last week for 1 day (too chicken), but would like to have wind at my back w/whole sector moving as well. Near term I'd like another pullback to enter. Decent chance you can still get EMES below 80 again imo, if not oh well. XLE looks like you'll get at the least another chance to buy sub 86 and then can see where EMES is trading at that time.

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