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I've been telling anyone and everyone who would listen that I was bearish on the Energy sector. That's because it's been one of the weakest industries since COVID-19 took the world by storm in 2020.
But then I took a good look at my CSI scan and the top stocks on it…
I'm seeing names like Devon Energy, Marathon Oil and Diamondback in the top 10 out of 500 stocks. And when I looked at the cumulative strength index, guess what I saw… Energy is leading!
So it's safe to say I'm bullish on oil stocks — for the first time in two years!
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| | Roger's Radar: 2 Stocks to Trade as Commodity Prices Soar
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| Exchange activity will pick up one way or another, whether it's to the upside or downside. I have two exchange stocks that may continue their upward trend as traders hedge investments and bearish investors increase their positions.
It's important that traders make the right moves in today's environment. When markets get choppy, traders become more active and tend to make mistakes.
Commodity prices are skyrocketing and more inflation is expected. A lot of companies and investors are hedging their investments with commodities.
| But What's the Best Move? | *clicking these links will automatically subscribe you to Roger's Radar emails
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| | | Nonfarm Payrolls for April Say The Economy Is in Trouble
| May 7, 2021 | I was originally going to do this video on something completely different… until I saw the horrific number for nonfarm payrolls in April.
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