How to bet on a comeback in energy stocks while getting paid to wait
Blue-chip energy names like Exxon Mobil and Chevron have been in a sticky situation lately as WTI Crude oil prices have tumbled since trading nearly $95 in late September, recently tucking under $70 this week. Like the over exaggerated moves in the U.S. Treasury complex as of late, I believe that oil futures and energy […]
How to bet on a comeback in energy stocks, which look primed for a bounce
The energy sector has been beaten down since September and is stuck in a downtrend. However, markets don’t usually go up or down in a straight line. When markets go into oversold or overbought conditions, it is common to see counter-trend rallies. In the chart below, I am using the SPDR Energy ETF (XLE) , […]