I present below a variety of large energy companies that seem very prone to a prolonged downturn, particularly the megacaps, which have merely powered their way back to their broken trendlines:
Big Oil Resistance
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Locking In Plug Power Gains
Oil Sines Off
In case there are any futures traders out there, you might want to take a look at heating oil, which has a trio of rather extraordinary tops.
Energy Bear
I’d like to point out a couple of ETFs representing the energy sector which I believe are poised for reversal. First is XLE, whose stop-loss for me would be 42.08:
The Electric Company
I’ve mentioned BLDP and PLUG many times this year, and they keep chugging along. Today, for some reason, just about anything related to electric batteries seems to be white-hot:
