by Gary S. Morrow | Oct 2, 2021 | Chart of the Day
From Liz Young: It was lonely at the top for Energy–the only sector to finish September positive. By a lot. Hat tip Liz Young/@LizYoungStrat
by Gary S. Morrow | Oct 1, 2021 | Chart of the Day
Great stuff from Macro Charts: Energy remains the most important sector to watch. Updating this critical chart: Energy consolidated several months, and is rallying sharply again – identical to past advances. If history repeats, the *BIG* rally may just be getting...
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 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...
by Gary S. Morrow | Jul 2, 2019 | Market Update
Heavy resistance(50/200D moving averages) has capped the last two weekly highs. USO held the 40W moving average at last week’s low, will it hold this week’s low? We are long USO in some managed accounts.
