What I’m about to show you is the strongest seasonal trend going in the market, along with ‘buy TLT in the summer.’
Like clockwork, energy stocks rip higher from January through April. Starting May, things start to sour, rapidly, in the oil patch. You’d be remiss to ignore this data.
Oil stocks are being ravaged today.
WTI showing some material weakness.
Ignore at your own peril.
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And there I was leveraged long $WLL and booking a family trip to Disney, only to be t-boned by a Chevy Impala.
Just between you, me and the fencepost over there… I don’t know why crude was showing as much strength as it recently has in the first place.
aliens
1
Shaking out weak shorts?
EIA Report tomorrow at 10:30.
Our headlines continue to be Ri-diculous “U.S. stocks slide as global growth fears resurface;” They never really went away They don’t just come back lol They don’t go away and come back every time there’s a moderating of 15vix from laughably manipulated 14 or 13 And effing 15 does not represent a global growth fear lol.
points are obvious just important to point out once in awhile
I am now shorting XLE.