A Focus On Energy

What I had planned on doing this afternoon was a post of about a dozen terrific energy-related stocks that are good short candidates, but ProphetCharts is almost unusable at the moment. I only managed to get one chart out of it before it stopped fetching them. I sometimes feel like I’ve allowed my child to be adopted, and when I run into the youngster a few years later, it’s become a juvenile delinquent. Sad.

Anyway, the one chart I managed to fetch before ProphetCharts starting puking all over its data servers was Energen (EGN), shown below. It’s very typical of energy stocks these days:

(a) a former smooth run-up;
(b) a clean series of lower highs, separated by violent V-shaped recoveries
(c) its current price is, shall we say, lofty in relation to its history as a whole.

0526-egn

Thus, I’m only able to offer up raw symbols for your consideration (and your own charting). Below are the ten energy-related companies I’m considering shorting in the days ahead (including, as shown above, EGN):

0526-bearben

And here are the 18 on which I already have existing short positions.

0526-tkoshort

It’s been a humdrum week for me, to be sure. Friday will wrap things up before the long 3-day Memorial Day weekend, and then we’ve got just Tuesday to finish up May. I’m not sure when “Sell in May and Go Away” is supposed to kick in, but there sure isn’t much time left.

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