I'm Bullish on Oil for the First Time in 2 Years. Here’s Why...

Published: May 10, 2021

We're probably all aware of what Wall Street legend Chuck Hughes has been doing lately...

So the enormous gains he's pulled from the stock market... and the way he's been helping traders around the globe reach their dreams aren't exactly well-kept secrets.

But now Chuck wants to share something new...

He's revealing the secret behind his Triple Threat strategies that gave him the chance to grow a small $5,900 account into $212,217 plus — in just two years!

And his goal is to help everyday traders transform their own trading accounts this summer.

Be the First to See How

Roger Scott

27+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders.

I'm Bullish on Oil for the First Time in 2 Years

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!

But There Are Other Reasons Why

WE WANT TO HEAR FROM YOU!

I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you'd like to see rankings for! All you have to do is reply directly to this email with your tickers!

Know How Much Inflationary Risk There Is by the End of the Week

Economic data released this week will give us a good idea of where we stand on inflationary risk. But in the meantime, I've identified two REIT pullbacks... including one bullish and one bearish stock for today.

April's jobs report was a disappointment, marking a huge contrast to the jobless claims data we've seen the past few weeks. Reports this week will give us a good idea where our inflation risk stands.

Momentum levels in the S&P 500 and Nasdaq continue to be high, and both are showing divergence. The Russell 2000, on the other hand, isn't as overbought and has been consolidating recently. I expect small-cap stocks to pick back up in the near future.

In today's video, I'll go over how Friday's employment numbers are distorting the stock market… whether bonds are going to rise or fall in the next quarter… if momentum levels in the Nasdaq are increasing or decreasing… which major index is congesting… which major index is set to drop… the top entertainment REIT on my radar… and the weakest pullback opportunity for a bearish trade.

Get Today's 4 Plays

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The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.

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