Energy's dominance is a bearish funnel for stocks. Here's what breaks it. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
A New World Energy Order By Gianni Di Poce
Hey trader, Has the market bottomed? Was that the high in crude oil? I can hear the cheers from Wall Street all the way here in Michigan. But I'm more of a data over dogma kind of guy. And I wouldn't be so sure that oil prices have topped out. Energy is the top-performing sector across every single timeframe right now. One week, 30 days, year-to-date, and one year. That kind of dominance doesn't happen by accident. It tells you exactly where money is flowing, and right now, it's flowing away from growth and straight into commodities. I'm going to break down why that matters, what it signals about inflation, and what needs to change before this market can rip higher.
The market is sending mixed signals right now. Fear is loud right now. But fear doesn't last forever. The selling continued last week, and sentiment has shifted from complacency to full-blown concern. The S&P 500 has pulled back meaningfully from its highs. My Trinity Terminal flagged the shift into energy and commodities weeks ago. It's now picking up early signs of where the next turn could come from. When the signal fires, you don't want to be on the sidelines. Click here to see how Trinity Trading works.
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