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COMMENT

Market. He thinks the market made a change last year benefitting the pro-growth sector, while energy is still lagging behind. Utilities on the S&P500 have fallen since December. He says inflation is causing this sector to fall making it interesting again. If inflation really starts to run away Central Banks may not be able raise interest rates fast enough to keep up and this could be the concern for the sector.

Unknown
COMMENT

Technical indicators for entry/exit? He prefers to use relative strength (14 period) and a Japanese system that identifies trend direction – similar to stochastics. He looks to moving averages as well, on the 100 and 24-day basis.

Unknown
COMMENT

Oil technical comment. Oil prices have not returned back to the highs of 2015 he says. There is a nice uptrend forming on the commodity, but the XEG-T ETF representing producers has failed to keep track. He wants to see this reconciled quickly or may question if the rally will last.

Unknown
WEAK BUY

He believes this natural gas based energy stock is technically showing an upward bar recently on the weekly chart. This suggests a building point could be forming. If it falls below $19, he thinks this move could be a fake-out. He would expect resistance at $25 and then $33. He thinks there is a good risk-reward here. (Analysts’ price target is $27 )

oil / gas
BUY

This is a fantastic chart, he says. Canadian technologies are finally getting going. He thinks it will re-visit $40 again. You could buy the XIT-T ETF as a proxy for the sector.

computer software / processing
COMMENT

He sees a nice bullish breakout in February and the pullback is interesting for a possible buy-in. He likes the technology sector and sees this ETF as a good proxy.

E.T.F.'s
WEAK BUY

Although it is producing more oil today, it is trading near five year lows, he says. The trend has been down for several years, but the short-term bullish retracement allows an opportunity to place a stop around $1.98. It is the seasonal strong period and we should see resistance around $2.39. He would like to see this stock really accelerate with the recent rally in oil prices.

oil / gas