Crude oil is a highly emotional market and will always surpass a reasonably fair price to reach levels the market has no fundamental justification for.
And the winners so far outnumber the losers among the six stocks that include a cannabis company, a couple financial giants and two oil plays.
Between options expiry and seasonality, March is a tricky month to navigate.
I continue to be of the view that 2018 marked the beginning of the end of the 10-year Bull Market.
And stay away from under-capitalized, over-indebted shale producers that face pressure to limit capital expenditures.
To break higher from here, the market will need substantially good and incrementally positive new news, beyond just 'talks are going well.'
Let's explore the latest charts and indicators.
I believe a call or call spread strategy that defines risk is the optimal approach here.
China trade discussions will continue to be a key driver in Wednesday's market action.
Royal Dutch Shell and Total boast solid balance sheets, high free-cash-flow generation, top-quartile production growth and attractive valuations.