It's pointless to forecast, but as a long holder of the stock I would like to see a test of October lows: It's important to have a strong base from which demand can be built. The spike low looks vulnerable in itself, and was generated through the prism of panic. What's needed is a more rational assessment of demand, ideally built up over the next few months. I...
Trading in a narrow range defined by support of 140 million volume day (low $37.62, but real support closer to $37.50). #Sectorbreadth places $XLE at sub-10% bullishness, a point where shopping for long opportunities is often rewarded. KMI is one of the few XLE components holding up and should be one to lead Energy stocks out.
Bought for the yield, currently at 4.2%.
Bought at 200-day MA, but subsequently slipped through the net. Utilities heavily oversold, yields will improve as prices decline.