Energy Boost
Well the first trading day of the year is behind us and the Dow/Naz are down 1.5%/2%, respectively…..yet my little portfolio is up 2.6% today. Heck, even NG and crude closed lower today yet my energy holdings (plus PMs) kept me nicely in the green almost counter-intuitively. I think this may be a clue about where money is being deliberately deployed early this year by the big boys. Among my holdings, the following had nice days in particular:
ATW 4.5%
CHK 10%
FCEL 12.5%
KMI 2.4%
ORIG 3.7%
I’m seeing many charts in the NG space that look like CHK, suggesting Dec may have been a bottom in at least portions of the sector giving longer term investors a really nice entry opportunity. I’m already up 26% on CHK in just a couple of weeks. We’ll see if the trend continues……I’m kind of liking being an “investor” so far this year 😉
agree. the cycle is turning to favor commodity based companies, over general equities. in particular, small and mid cap gold miners, with good balance sheets, and good projects and minerals resources. CHK has bottomed. It may retest the low, but no guarantee.
Yes I agree too Mark….look at this ratio chart and it could not be more clear: BUY commodities…the ratio chart is: $INDU:$CRB