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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 468 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
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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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Investing Quote...
..."They say you never grow poor taking profits. No, you don’t. But neither do you grow rich taking a four-point profit in a bull market."..
Jesse Livermore
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Nobel Laureate for Economics Paul Samuelson
.."A market is the combined behavior of thousands of people responding to information, misinformation and whim"..
Kenneth Chang
.."The stock market is filled with individuals who know the price of everything, but the value of nothing"..
Philip Fisher
.."If past history was all there was to the game, the richest people would be librarians"..
Warren Buffett
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