This week may be an adjustment week where the market consolidates before another push upward. Expect RDSa will also adjust lower as it has done the past week. Buy on the dips since the Fed is still being very good to the stock market and will continue to at least through this year. Not that many headwinds out there and the VIX is still very low. Might get back into RDSa at the end of this week if it reaches the 68 area. GLTA
What is wrong with RD? I was just comparing the percentage pullback on major Integrated oil and CVX & BP only gave back 24% of the swing they made since last December 31ist and XOM gave back 38%, while RDS.A gave back 90% and COP gave 78% of that swing. Does anybody have the answer for such a huge sell off of RD? If you are holding Oil services you are doing fine, it only gave back less less than 10% of swing as oppose to RD gave back almost 90% the last swing from December 31 to end of January..I guess, investors hate what the management are doing to the company. For next swing, I will be putting my money into Oil services and Drillers for better return. GLTL
The Energy sector Index seem to go the opposite direction of the SP500. It reminds me of the January to April pf 2011 when the SPX rally and the Energy sector went sideways to down. The Energy sector got no respect while the financial had tripled the last 3 years.
Does not look good for RD. Fell off below the trend line support (bearish), plus the toppy pattern of the market Index. Maybe, we should just look for counter trend rally to get off. The SPX could struggle to get to 1525 - 1552, but yet the Energy sector could continue to drift down like it was spring of 2011. The last SPX pullback low was December 27th on, we could be due for a small pullback here as it look toppy. I don't believe SPX going straight to 1552 without letting the air out. My opinion only.