Saturday, September 5, 2020

Models Turning To The Buy Side for Energy ETFs

Compared to the calls from past weeks, the models are getting more bullish. Still, it's about 50-50 between bull-bear signals; even the cash-stock differentials are substantial both ways. I'll remain on the sidelines to wait for a more specific call

 

Monte CarloQlearning
XOP
SPDR Oil & Gas
to cashto stocks
XOP
SPDR Oil & Gas
to cashto stocks
was cash:15.5%0%
was cash:59%41%
was stocks:0%84.5%
was stocks:0%0%

15.5%84.5%bullish
59%41%bearish
XLE
Energy Select Sector
to cashto stocks
XLE
Energy Select Sector
to cashto stocks
was cash:33.4%16.7%
was cash:69.4%30.6%
was stocks:0%49.9%
was stocks:0%0%

33.4%66.6%bullish
69.4%30.6%bearish
OIH
VanEck Vect. Oil Svcs.
to cashto stocks
OIH
VanEck Vect. Oil Svcs.
to cashto stocks
was cash:34.5%0%
was cash:75.9%16.2%
was stocks:0%65.5%
was stocks:7.9%0%

34.5%65.5%bullish
83.8%16.2%bearish
XES
SPDR Oil & Gas En&Svcs
to cashto stocks
XES
SPDR Oil & Gas En&Svcs
to cashto stocks
was cash:35.3%0%
was cash:33.2%47.2%
was stocks:19.1%45.6%
was stocks:9%10.6%

54.4%45.6%bearish
42.2%57.8%bullish
IYE
iShares U.S. Energy
to cashto stocks
IYE
iShares U.S. Energy
to cashto stocks
was cash:15.4%0%
was cash:100%0%
was stocks:0%84.6%
was stocks:0%0%

15.4%84.6%bullish
100%0%bearish
FXN
First Trust Energy
to cashto stocks
FXN
First Trust Energy
to cashto stocks
was cash:32.9%13.3%
was cash:58.5%34.2%
was stocks:0%53.7%
was stocks:7.3%0%

32.9%67.1%bullish
65.8%34.2%bearish
IXC
iShares Global Energy
to cashto stocks
IXC
iShares Global Energy
to cashto stocks
was cash:49.8%0%
was cash:85.1%14.9%
was stocks:0%50.2%
was stocks:0%0%

49.8%50.2%bullish
85.1%14.9%bearish
VDE
Vanguard Energy
to cashto stocks
VDE
Vanguard Energy
to cashto stocks
was cash:15.5%0%
was cash:100%0%
was stocks:0%84.5%
was stocks:0%0%

15.5%84.5%bullish
100%0%bearish
FENY
Fid. MSCI Energy
to cashto stocks
FENY
Fid. MSCI Energy
to cashto stocks
was cash:15.8%0%
was cash:100%0%
was stocks:0%84.2%
was stocks:0%0%

15.8%84.2%bullish
100%0%bearish
FCG
First Trust Natural Gas
to cashto stocks
FCG
First Trust Natural Gas
to cashto stocks
was cash:15.9%0%
was cash:78%17.5%
was stocks:0%84.1%
was stocks:4.5%0%

15.9%84.1%bullish
82.5%17.5%bearish

 

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