Signs of life in energy

Energy stocks are showing renewed vigour in an otherwise uncertain market.

PORTFOLIO POINT: As crude oil starts to lift, the ASX 200 Energy index has broken out of its ascending triangle pattern as the rest of the market moves sideways.
All quiet on the western front. Markets are tracking sideways and in the case of US markets and Apple, perhaps working off their overbought conditions before heading higher. I still would not chase either, or are they the same thing?

In the case of the Australian market, nothing has been proved yet. Both the ASX 200 and the ASX 200 Financials index are still in their ascending triangle patterns. I am waiting for the market to tell me which direction we are heading next.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles