From Dana Lyons: Beleaguered oil stocks are testing important support stretching back 3 decades.
From Taki Tsaklanos: Crude oil had a good week, heading sharply higher from $47.10 to $50.85. Is April 2017 shaping up to be bullish?
Analyst Paul Weisbruch of Street One Financial brings us his daily fund flows update, today focusing on the world’s largest energy ETF, which has seen a big bounce lately and is beginning to rake in new assets as a result.
From BlackRock: A recent drop in energy-related assets appears overdone given our outlook for oil prices, creating opportunities in selected energy equities and credit. Richard Turnill explains, with the help of this week’s chart.
From David Fabian: I’m normally an optimistic, “glass-half-full” kind of guy. I roll my eyes every time I see a headline decrying the next market crash or cataclysmic event that will cripple the global economy. I’m quick to discern speculation from truths and prefer taking the opposite side of most mainstream assumptions.
From Steven Vannelli, CFA: In a market experiencing the largest pullback since the election, investors are rightly looking for places to hide. At present, according to our work, the US energy sector is the only truly oversold sector.
From Taki Tsaklanos: If anything, the team at InvestingHaven avoids at all times to be sensational. Their focus is to be objective and report as many as possible important events that are ‘hidden’ to most investors.
From Contrarian Outlook: In a crazy bull market like this, you may feel like it’s impossible to lose. That’s a dangerous feeling. Because there are a few loser stocks out there—although admittedly there are far more winners than losers.
From Taki Tsaklanos: The energy stock market sector is losing momentum. The XLE ETF, representing the energy stock market sector, lost 2.30 percent on Tuesday. The longer term chart shows that a potentially bearish trend could start once the 69 to 71 area in XLE is broken to the downside.
Omar Aguilar, Chief Investment Officer of Equities and Multi-Asset Strategies at Charles Schwab Investment Management writes that in today’s inflationary environment, a handful of sectors are primed to stand out.
From Nilus Mattive: History never repeats itself exactly. But it’s a lot easier to figure out where things might be going when you know what direction they’re coming from.
We have seen some nibbling this week in Energy Equities via XLE (SPDR Energy Select Sector, Expense Ratio 0.15%), as the fund has found some support above its 50 day MA but it is still well off of its mid-December intraday high of $78.04 (more than 4% below these levels presently).
From Taki Tsaklanos: We said in our crude oil price forecast that there was a potentially bullish scenario in 2017. “Prices could certainly move higher, but will find secular resistance at $75 where the 2014 gap down started” was what we wrote a while back.
Amid growing investor interest in real assets, BlackRock Head of the North American Investment Team David Giordano talks about the changing global energy landscape, highlighting the investment opportunity in renewable power infrastructure.
Analyst Tony Daltorio explains that the energy market’s biggest long-term threat is electric vehicles, which are rapidly gaining traction around the globe.