Wednesday Nov 6, 2019

XLE Energy ETF

Screen Shot 2019-11-06 at 10.31.15 AM

Energy bottomed in August an  October. This assets up a final low on the uptrending blue line later this month.

We are thinking this will be a major opportunity for a low risk entry into energy markets.

Stock markets overall despite the outburst of positive headlines are a few hundred points over resistance at  DJIA 26,400.

Stocks are likely making a first high now and then a secondary in various indices mid month, then look for a bit of pullback.

 

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