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Not sure on oil @cha .....the geopolitics, the cartel, and...

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13/01/24

12:42

Post #: 71862655
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Originally posted by cha ↑

oli hit and tagged the $80 target and fallen back slightly
will see if swings up and through to next level like u did or pulls back
a lot to be said for picking your macros and sticking with them. u stocks were valueless and
u was a dirty word not so long ago. when it broke up from $20 it was game on
all it took was patience

a few charts powering on. jbh and bhp from that $36 level.
target is 100%. jbh well on the way here.
bhp is confusing with value around high $40 which is where it sits so not holding my breath on bhp. it needs its macros to change. my strategy remains to buy the dips and enjoy the divvies
jbh is a fair sign that consumer stocks have rebounded nicely from last years churns
there is a lot to be said for best of breed only. jbh took a pounding from the market not so long ago. i posted at the time it was an opportunity for a decent blue chip. not a buy here of course at its high
now i just need mqg to get hit

we just need the US fed to finish its rate rise cycle but market is always 6 months ahead which jbh confirms so we may see a decent few months?

and in 6 months who knows?

jan to april is normally green and will see in 2024.
again i would like a nice cleansing hammer in the market. had a nice last quarter in 2023

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Not sure on oil @cha .....the geopolitics, the cartel, and climate economics......I'm finding it hard to get a clear read and so have mostly stayed away from O&G, apart from BLU and CVN where I could see obvious value. STX also looks attractive.
I look at the oil chart and would not be surprised to see it breaking down further.

XSO Value at posting: 2,891.0
2 Upvote

0 Great analysis

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