by Gary S. Morrow | Sep 10, 2021 | Market Update
The Coming Oil Shortage In this week’s stock market review, we will review our long-term investment thesis in Energy. The combination of rising demand, plummeting capital investment, and the exhaustion of OPEC spare capacity is setting up the global oil and natural...
by Gary S. Morrow | Aug 5, 2021 | Chart of the Day
Somethings gotta give… The last time Tech/Healthcare rose above 40% a major secular low in the Energy/Financial sector was reached. We are bullish both. Hat tip ISABELNET
by Gary S. Morrow | Jun 2, 2021 | Chart of the Day
Shares of Valero Energy Corp. are trading at new ’21 highs today. The stock is up just over 2% as it extends Tuesday’s trend line breakout. The energy sector has been on fire of late and it now appears VLO is heading higher as well. We expect more...
by Gary S. Morrow | Apr 28, 2021 | Charts
Schlumberger is part of a huge energy move today. The S&P 500’s top 10 gainers list includes 7 energy names. SLB is up over 4% as it extends the gain off the April lows to 12%. This powerful move may bring an end to the steady pullback that began four...
by Gary S. Morrow | Apr 14, 2021 | Chart of the Day, Commentary
The energy sector is back on track today. The top 20 gainers in the S&P 500 Index is dominated by energy. The sector in general has been in pullback mode since peaking in early March. At last week’s lows the XLE(SPDRs Select Sector Energy ETF) had dropped...
