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Oil Sector On A Major Buy Signal

Published 11/20/2016, 02:56 AM
Updated 07/09/2023, 06:31 AM

Our equity/bond model - This long term reliable investing model provides investors with simple decision making in the markets:

When the model favors stocks, investors should overweigh in equities for maximum growth.

When the model favors bonds, investors should overweigh in bonds for safety.

SPX:USB Monthly Chart

SPX Monthly Chart

Our benchmark SP500 is neutral, waiting for a buy signal to confirm.

OSX Monthly

Oil sector is on a major buy signal.

Investors can continue to accumulate oil stocks/ETFs by cost averaging and hold for the long term.

Summary

Current investing model continues to favor bonds over equities, therefore, investors should continue to overweigh their portfolios with bonds over stocks for safety and better return.

Disclosure

We do not offer predictions or forecasts for the markets. What you see here is our simple investing model which provides us with simple investing decision making. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets.

We also provide coverage to the precious metals sector.

Latest comments

We understand and take home the profit and as long as this HOPEC spreads hopes, but after November 30 OPEC can become a FOPEC so short again!
Went for the assumption and now have a good trade. Thx for the update and everything else....:)
Energy stocks will spike before year end and drop early 2017. It's hard to see production being reduced permanently, when the demand is gradually declining. So one would want to drill more before it becomes worthless.
electric vehicles,high mileage gas vehicles,Atamic energy power stations,solar panel electric generation,green gas revolution,mass acceptance of hydrogen power vehicle in japan--- all these put hydro carbons based fuel thats crude oil obselete, may be have a little market now, its hard to last, these economies- countries better find some alternative before too late. Its my opinion.
investing.com admins that try to pump oil by pushing now propaganda. go back to school
Perms bear open your mind oil may go to 70s new sherif in town little bear
Oil price to below $40 by the year end. Can't see energy stocks rising
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