Friday, July 31, 2015 1:19 PM EDT
On January 29th, I did a post called Tiger by the Tail, which pointed out the topping pattern with Exxon Mobil. The stock, like all the energy sector, has stumbled and fumbled its way lower, although certainly not in a straight line. I suspect energy will continue to be weak for many months – maybe even years – to come. Just keep in mind the bulls are going to be fighting every step of the way (hence all those little tinted highlights shown below).
This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural observations or other odds and ends strike me as worth writing about. So I take absolutely no responsibility for the losses – or any credit for the gains – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
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