Now that it looks like crude oil has bottomed, let's check out the charts and indicators for XOM.
The 22 names in the portfolio as a group are outpacing the value components of the Russell 2000 and Russell Microcap indices.
The fundamentals of the energy market are getting "tighter" but are still not tight, for now.
Here is my technical case for why crude oil futures have bottomed.
Market participants are smart enough to know by now that when one must venture across thin ice, one does not linger.
We investors have the task of sifting through the 'Umwelt' -- the worldview perceived and forecasted by the various organisms that live in our trading world ecosystem.
GE jumped on Monday, but how long can buyout rumors buoy the beleaguered stock?
As oil recovers and begins to stabilize both the stock price and cash flow of companies in the space, dividend payments could drive strong portfolios.
The daily bar chart of Enbridge shows that prices have weakened since the beginning of 2018.
But there is a lot of oil in the market, so if the market does undergo a recession or a slowdown, oil prices can, and will, trade lower.