Energy stocks have exploded to the upside today, thanks to the 2.7% leap in WTI. While markets languish, crude stocks are enjoying splendor on a grandiose scale.
Observe.
Now you might be feeling your oats today, long these idiot stocks into a melt up. However, just know, whatever gains that you expect to ‘enjoy’ in the coming weeks ahead should be extremely limited. For the better part of the past 3 months, energy stocks have been wanton losers. Guess what? That’s exactly what the seasonality Gods forecasted for them.
Have a look.
Do these trends look familiar? They should, since they repeat themselves almost every year without a hiccup.
In spite of the +10% gains over the past two weeks, energy stocks are still down over the past month.
Based on these trends, we get a respite in October and then a fucking collapse in November, just in time for Thanksgiving. After that, we should see an investable bottom.
All of this data, for both sectors and individual stocks, is available inside Exodus.
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