The energy sector may be in the process of setting up a massive bottom (click on the chart to enlarge it)..
Because of the huge trading volume under XLE (energy ETF) in the past few months. This is going to be, in my humble opinion, a fundamental long-term move. So, there is no rush to move in. I am waiting for XLE to rise above its 200-dma and then I will decide.
George Dagnino, PhD
The Peter Dag portfolio
Disclaimer. The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
STRATEGIC INVESTING FOR UNCERTAIN TIMES.
Learn how to manage your portfolio risk and sleep comfortably. Improve the certainty of returns by taking advantage of business cycle trends. Learn to use simple hedging strategies to minimize the volatility of your portfolio and protect it from downside losses.
You will receive your user id to access 2 FREE issues – and all the previous ones - of The Peter Dag Portfolio. Email your request to email@example.com. New subscribers, please.
FOLLOW ME ON TWITTER @GEORGEDAGNINO FOR MY LATEST VIEWS.