Energy Stocks are Poised to Outperform Going Forward
- The decline in Tesla’s stock after their earnings is going to confirm a change in trend for the stock. Thankfully, the correlation between TSLA and the broad stock market has not been a strong one this year.
- WTI crude oil is testing a KEY resistance level. If it is broken, it will confirm a change in trend to the upside for the commodity. This, in turn, should be VERY bullish for the energy stocks…given that they have lagged behind crude oil significantly over the past 4-6 weeks.
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