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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (44001)11/19/2021 10:35:37 AM
From: ajtj99  Read Replies (1) | Respond to of 97593
 
RBOB gasoline has a daily falling wedge. It could morph into a falling channel, however. Also, notice how volume has been drying up on the drop:




To: ajtj99 who wrote (44001)11/19/2021 12:13:45 PM
From: ItsAllCyclical3 Recommendations

Recommended By
ajtj99
Sokka
towerdog

  Read Replies (2) | Respond to of 97593
 
This is a really good buying op in energy that could get better but added today. Better names such as DVN holding much better than XOP. Still far cheap names available if you do a bit of digging. SPR release more or less priced in here. Covid expanding in EU more or less priced in. Can we tag low 70's on WTI one more time sure, but next few months these companies are going to be working off poor hedges and decreasing debt. Even w/mid 60's oil these are cash machines for the next 6+ months. HAL still looks best to me today R/R. Europe going thru what the south went thru with people moving back inside w/colder weather. It'll pass w/natural immunity, new people getting vax, new treatments and boosters.

Wife graduates in a few weeks. Been busy planning trips, family time etc. Haven't had much time to read here but hope everyone is doing well.