While the broader market continues to chop sideways - tech lagging - financials consolidating after rallying for 3-4 days - the energy trade is on fire - trading at new all time highs. Funny aside - Gemini tried to tell me Exxon $XOM isn't trading at new all time highs, until I pointed to the chart. Then it admitted it was wrong.
AI hallucinates a lot
Market leader Exxon in fact did close at a new all time high, after touching a new intra-day high ($175). Several energy names did... Home Work: chart 'em all.
 |
| tradingview.com |
$XLE - (fresh chart) The entire energy space trading in the top of the range (two ranges - or channels actually) - headed for higher highs. Target looks like 68. It could overshoot, climaxing with a blow off top, just as gold miners did. I suggest you don't short it, until you see the whites of their eyes. Wait for volume to confirm capitulation. Since it looks like financials have stalled on $BAC (fines), I'm uploading this chart to the public hub [linked].
The smart money is obviously driving the above trade - billionaires. Fast Money as well. The Trump pump should easily drive the trade above the finish line:
Trump Shows His Hand - Art of the Deal Alaska
Taiwan has agreed to buy 30% of the liquefied natural gas from a pipeline project in Alaska, US President Trump told a rally in the state, but the deal terms were not immediately clear https://t.co/CYHT5yZ1MX
— Reuters (@Reuters) October 14, 2026
Art of the Deal, Greenland -
This deal was agreed to weeks ago - but the leftist mainstream media doesn't like reporting the details on Trump wins. That's fine: Trump is telling you it's "HUGE", and the performance on the oil drillers speaks for itself - far outpacing the performance of crude oil itself.
Trump says 'massive' oil, gas and mineral exploration to begin in Greenland https://t.co/yBTH8ZwUF7 https://t.co/yBTH8ZwUF7
— Reuters (@Reuters) October 14, 2026
No comments:
Post a Comment