Thank Trace, really good as always! what are some relevant tickers you see in this Market (XLE)? Also, btc mining stocks are getting a bit of a beating, whats your take? thanks!
Thank you, sorry for the late response was traveling all of last week. Three Energy industries are standing out with strength over the last 3-month period: Oil & Gas Drilling; Oil & Gas Refining & Marketing; Oil & Gas Equipment & Services. From those industries, there are several standout names per my scans: BORR, PARR, TDW, FTI, WFRD, AROC. You might also find value in the list I provided last month in the July 9 Market Outlook: https://chartsforfreedom.substack.com/p/market-outlook-09-jul-2023
To answer your question about BTC miners, "beating" is a relative term, as the basket of MARA, HUT, and RIOT relative to SPX is up a whopping 260% for the year. It looks like they're trending nicely in a channel, near the demand line. I can't post a pic here but I'll post one to social media.
Thank Trace, really good as always! what are some relevant tickers you see in this Market (XLE)? Also, btc mining stocks are getting a bit of a beating, whats your take? thanks!
Thank you, sorry for the late response was traveling all of last week. Three Energy industries are standing out with strength over the last 3-month period: Oil & Gas Drilling; Oil & Gas Refining & Marketing; Oil & Gas Equipment & Services. From those industries, there are several standout names per my scans: BORR, PARR, TDW, FTI, WFRD, AROC. You might also find value in the list I provided last month in the July 9 Market Outlook: https://chartsforfreedom.substack.com/p/market-outlook-09-jul-2023
To answer your question about BTC miners, "beating" is a relative term, as the basket of MARA, HUT, and RIOT relative to SPX is up a whopping 260% for the year. It looks like they're trending nicely in a channel, near the demand line. I can't post a pic here but I'll post one to social media.