Here are some of the stocks I’m looking at right now. You might find some of these interesting too…that is, if you’re interested in making money – February 28, 2022
KOP XLE DIH ARCH BTU XLK TSLA CVX XOM CEIX
I am looking at the market and I’ve got a lot of stocks that I cover in tonight’s Strategy Session for members, and for the most part, they are on energy, XOP ( NYSEARCA: XOP ), XLE ( NYSEARCA: XLE ), OIH ( NYSEARCA: OIH ), stuff like that. I am also looking at Arch Coal ( NYSE: ARCH ), BTU ( NYSE: BTU ), stuff like this, these stocks really look like they are ready to roll.
What I am not looking at is anything in this POS. Stuff like this ( NYSEARCA: XLK ) isn’t really working. You do get a selective move in Tesla ( NASDAQ: TSLA ) and you can’t argue with that, a 25 percent move in 3-days from bottom to top but this is rare. And is also kind of like performing right according to this pattern, this pattern of lower lows and lower highs.
And so I personally wouldn’t want to buy the stock right here. I would like to wait for the stock to come down and maybe print a higher low. Maybe do this, pull back to here, and then start running up. And then that gives me the sense that this is the low, a low here that was lower than here. So we’ve got a low that was lower than here, that was lower than here. So let’s say that was the last significant low. We’ve got 1, 2, 3 lower lows and then 4 lower lows, that’s a pattern.
And so if this stock pulls back here and does not print a lower low to where it really confirms this line, if instead, it pulls back just to here and then starts moving higher, that’s when you say, okay, that’s a change in tone for Tesla ( NASDAQ: TSLA ). I am not saying that that is the time to buy it, though it certainly might be, this is Tesla ( NASDAQ: TSLA ), it’s like it’s not really a stock, it’s something else.
And so, what I am telling you is, you can look at something like that, that’s fine, but generally speaking, you want to stay in stocks like this, ( NYSEARCA: XLK ), ( NYSE: BTU ), ( NYSE: ARCH ), ( NYSEARCA: OIH ). You can look at CVX ( NYSE: CVX ), which is working really, really nice. You can look at XOM ( NYSE: XOM ), Exxon ( NYSE: XOM ) is getting close to giving you a pretty good entry here.
And so stocks like this are the stocks that I am really looking at, something like this too, CONSOL Energy ( NYSE: CEIX ). I am just giving you a boatload of names that you can be watching and hopefully making some money on.
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