There Is No Relief In Sight For Energy Investors

Energy investors are desperate for some good news. Even as the
broader U.S. market has ignored geopolitical risk and political
chaos to keep marching upwards, energy stocks have been quietly
collapsing. I would love to tell you that that is about to change
and that the sector represents a rare value in an overbought
market, but neither technical nor fundamental analysis suggest
that. I have said many times before in these pages that technical
analysis has its limits. An analysis of a chart can tell you a lot
about what has happened, but using it…

Energy investors are desperate for some good news. Even as the
broader U.S. market has ignored geopolitical risk and political
chaos to keep marching upwards, energy stocks have been quietly
collapsing. I would love to tell you that that is about to change
and that the sector represents a rare value in an overbought
market, but neither technical nor fundamental analysis suggest
that. I have said many times before in these pages that technical
analysis has its limits. An analysis of a chart can tell you a lot
about what has happened, but using it…