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Created on: 11/22/2019 5:26:18 PM Last Update: 11/26/2019 1:36:08 PM Posted by: RTT
WARNING: This entry is 577 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Energy sector to bounce off cycle bottom into 2020
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 Low prices fix low prices, and eventually the shorts will be forced to cover and buy back their shares and force prices higher. This sector is 'this close' to such and event.
Both Hurst cycles and Wyckoff supply and demand action are warming up to the bullish side for the energy sector (XLE).
This is on the back of growing inflation fears. Inflation sourced from wage growth in the US and world wide central bankers (Japan [BOJ], Europe [ECB] and the USA [FED]) printing money at the same time. You should note this has never happened before, all three at the same time, printing.
Yes, the energy sector has suffered from the lower oil prices but soon the shorts will have to judge how much lower energy stocks can go, as you can see the SPDR Energy Etf (XLE) has been unable to get below $50. Demand is present.
What to do? Watch for significant Wyckoff demand foot prints to see price test upper resistance (sign of strength), and then take action from a strong change of character.
SPDR Energy (XLE) dominate cycle.
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The energy sector leading commodity and the crude oil dominate cycle.
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If the wider SP500 holds up into the US elections then energy stocks percentage returns could out perform.
Bullish oil fundamentals from Mark Gordon
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
..“Stocks, like atoms, are really centers of energies.Therefore they are controlled mathematically"…."There is no chance in nature because mathematical principles of the highest order lie at the foundation of all things”..
William D Gann
..“One must search through a maze of complex and contradictory details to get to the significant facts … Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts.” The challenge for the successful speculator is “how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts.” Moreover, “if you get all the facts, your judgment can be right; if you don’t get all the facts, it can’t be right”...
Bernard Baruch
.."The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market."..
George Soros
..“It’s not what you own that will send you bust but what you owe.”..
Anon
..."The four most dangerous words in investing are 'This time it's different' "...
John Templeton
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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