ENERGY/OIL&GAS smoked again on lower oil prices. AGAIN…AVOID ALL NEW COMMITMENTS TO ANYTHING IN THIS AREA AS ITS BEAR MARKET GAINS TEETH. We have seen nothing to tell is the end ofthe ugly is at hand. Go take a gander at the OIH, XLE, XOP. Polar opposite of thesemis/internet/tech!
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- PRE MARKET- ENERGYJune 22, 2018 - 9:11 am
Whatever OPEC decided to do has energy prices spiking. ENERGY STOCKS are gapping up nicely. There has been a lot of deterioration in this area recently, the opposite of what it did into the highs of mid-May. If a low is in, this would be a big help to some indices. Of course, will not […]
- PRE MARKETJune 22, 2018 - 8:46 am
Futures bouncing but our themes do not change. The DOW remains worse than everything…S&P better…NASDAQ/NDX/RUSSELL lead. The best pulled back yesterday.The worst has been ugly. Let’s just add in a lot of world markets are under severe pressure. Notwithstanding bounces, look at EEM, EFA, RSX, FXI, EWZ, TUR and others. Wow! This is what happens […]
- RADIO SHOW 6/21June 21, 2018 - 11:27 pm