This has had a significant climb. What would be the exit point? You don't need anything technical, you can use a non-technical decision. If a stock becomes something like 8% or 20% of your portfolio, you can piece it away. Technically, this got through $74, and the chart shows a nice upward trend line from mid-2016. He doesn't see any more resistance until it gets to around $77. All indicators are still pointing up and there is no reason to get off.
The chart shows this is still going up, but something that is still a little concerning is that it has kind of gone up parabolically in the last little while. At worst, he thinks it is going to want to pause. A really good space to be in. He would look for it to go sideways before it continues on. This is one he would hang onto. It's part of the pro-growth theme.
Usually silver will lead gold by a little bit. Everything in silver right now is looking really, really good. Chart shows a downward pattern, but has reached the upper side of the channel and should be breaking out anytime now, and do quite well through to mid-March and maybe April, depending on the whole complex. Silver is much more volatile than gold and tends to lead on the way up and on the way down.
Natural gas has been a tough space lately. There are no names that have really blown the doors off. This stock had a big drop and has been sort of basing for quite a long time. The beta on this is much higher than the market or the sector. One of the bigger names that pays a dividend might be a better choice.
Compared to the producers, drillers have had more carnage. The one positive thing is the action in the last 6 months. All the indicators are turning up, and if it can move up to about $4.25, it would probably equate to some big potential upside, with $5.80 being the next level. A really good space and seasonally it has come into play. The sector tends to deteriorate in April and May and picks up again in the summer.
Bonds and utilities. He knew a push from Central bankers was coming about 6 months ago wanting higher rates. Recent data indicates that some of it bears higher rates, but some was more wishing for animal spirits. For the last 3 days, bonds and utilities kind of crashed, which is pretty significant. That sort of confirms the 6-month watershed. Around July/August, it was noticed that relative to other sectors, bonds and utilities were starting to get weak. The price proceeded to go higher as we had a couple of data points that were rough in September/October, but in the last 3 days, there has been a real fall off. This push for higher rates is eventually going to weigh on things. For now, it's full steam ahead on everything for pro growth.