The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday.
CXO FWLT MOS RICE WFT are all in the energy/material/industrial complex, which are classic late-stage bull market movers. Recall the end of the 2007-2008 bull market, when the indices and many stocks had either topped or had come quite close to topping. Even then, many of the stocks in the energy/material/industrial sectors continued to rally well into 2008 before everything eventually got hit.
On their respective charts, below, you can see the aforementioned stocks basing impressively within the context of uptrends.
On further strength this week I view them as long ideas in classic, late-stage bull market sectors.
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