Wednesday, January 6, 2021

LSH21 Lumber Mar '21

 

On Dec 30 Lumber closed at 745.00 on support, and I said it had to hold or watch out below as this could be "the top". Now down 69 points in 3 days, and down the limit today. Bulls should have taken profits. The charts are your friend.

BPT BP Prudhoe Bay Royalty Trust

 

BPT a high risk speculative play in the energy sector that can pay off big. It pulled back to support and may be back on the up move.

XOP S&P Oil & Gas Expl & Prod SPDR

 

XOP broke it's down trend line 2 months ago and rose 50% since then. Long term we are just getting started in this bull market. Safe liquid play with lots of upside.