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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 689.100.0%Jan 23 4:00 PM EST
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To: cycleupcycledown who wrote (93661)6/22/2017 11:29:10 AM
From: Drygulch Dan1 Recommendation

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Mevis

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I have no clue. A lot depends on who you are and what you need from the investment. For example, if you are a retired boomer seeking to protect yet grow your IRA holdings your approach would be biased toward safety and security of investment. Stocks like XOM and CVX might work well. If you are a 40 year old or younger kid with an income outside the market, a higher risk profile might work better. Perhaps some fracking companies, and some pipelines and some wildcatters.

Long hauls are also unique. For me, long hauls are a week to 6 months. I am 12 years past my first heart attack. The next one will probably kill me. 30 years and my only child will be sorting through my final affairs or long since past that point. For a younger person a long haul would be over a year to decades long.

Oil has a problem, Houston. At some point the push toward non-gasoline powered vehicles may significantly impact the industry. However plastics will continue to hold up their end for a long time to come.

In my trading I just look for near term opportunities. A $3 dollar move is a huge thrill. Heck even a one dollar move will get me salivating. West Texas Intermediate Crude ($WTIC) is a great proxy for the health of various oil based stocks. It is currently moving down towards a bottom of some sort. Anticipating its low point might make a great entry point. Or use the oil Exchange Traded Fund, XLE.

From my perspective, if you buy either Exxon or Chevron at a cyclical low price you can go to sleep for 20 years and the investment will still be sound when you wake up.
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