‘Crude Oil’ Archive

Energy stocks about to breakout and push above 2007 highs?

   CLICK ON CHART TO ENLARGE The Dow and S&P 500 are near all-time highs, energy stocks are attempting to join them. Energy ETF (XLE) recently hit its 2007 highs and backed off a little. The decline now has XLE testing support of this 6-year rising channel. Important test for energy stocks right now? Yes! [...]

These 3-year worst performers (Dogs) about to perform well?

  CLICK ON CHART TO ENLARGE Ever heard of the idea of buy low & sell higher? Believe in it? If not quit reading now! If you do believe in the idea of buy low & sell higher or believe in buying assets that are out of favor, the above chart might be of interest [...]

Chicken or the Egg, Catch-Up and the S&P 500

CLICK ON CHART TO ENLARGE Since 2008, Crude Oil and the S&P 500 have often moved in sync, a high degree of correlation. The chart above highlights periods of time that the the two declined together (pink shaded areas). People often ask who comes first in these declines? 60 days ago, Crude oil peaked as [...]