Energy is a sector which I believe has a terrific future – – for the bears. Below are three favorites (COP, HAL, and SLB) which are getting close to intriguing levels of resistance.
Another Bite at Energy
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.
ADM and its H&S
This is just a good example of a classic pattern in action. The tinted area below could be considered either a right triangle top or, my preference, a head and shoulders top. Archer Daniels Midland (ADM) is presently in a freefall; something about its CFO doing something naughty or something.
Equally Weighted Sinewave
In 2020 and 2021, there wasn’t much doubt which way the market was going. It wasn’t just the Mag-7. This post pertains specifically to the equally-weighted S&P 500, which is a much more fair and honest representation of the market than, let’s say, the normal S&P 500.
Quintet Check-In
Here, Kitty, Kitty
Caterpillar (CAT) is a clean short with a stop-loss at 285.60:
