Thursday, May 28, 2009

LONG TERM PATTERNS

These are some long term patterns that I really like: UNG, NLR, KOL, XTO, VLO, USO, APA, APC, CHK, HES, JRCC, PCX, ANR, MEE, BTU, and FCL. Notice that these are all energy related stocks. I feel like energy is absolutely the safest play in the market right now. If the economy turns around, these stocks will soar. If the economy stays where it is for the next few months, these stocks will still earn money because they have already cut supplies to keep pace with demand. If the economy deteriorates further, these stocks would most likely pull back...but that gives you a two out of three chance for these stocks to go up over the next year. There could be short term fluctuations, but I think any pull back in these patterns would represent a buying opportunity.

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