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US Markets - Energy Update - December 22, 2017
US Markets Update
Volume 1, Issue 5
December 22, 2017
Download PDF Version here
Items of Interest:
- Crude remains bullish on our work.
- Continue to add to energy stocks as our proprietary money flow work indicates ongoing accumulation.
- A list of attractive names to consider are in this report.
This is the weekly chart of WTI which we have used in recent months. Crude is comfortably above support in the mid $50s and in gear for our long-term target of $67.
In the following pages are stocks that have been ranked and screened to bring forth developed and developing trending stocks in this sector. We have also highlighted those names that have a fair amount of short interest with good chart patterns that have the potential of being squeezed. Also highlighted are stocks that are basing and forming favorable bottoming patterns. A little bit for all...trending and developing bottoming ideas.