10/21/2022 Stock Market update and purchases:
Hey Readers, John T., Editor In Chief of
the Altcoingazette.com here!
Yesterday, on 10/20/2022 I Added to the following
stock market purchase: AT&T (T) at $16.85 per share,
Exxon Mobil (XOM) at $104.34 per share,
Chevron (CVX) $170.36 per share, ConocoPhillips (COP)
at $123.46 per share, EOG Resources (EOG) at $132.43
per share, Schlumberger (SLB) at 45.78 per share,
Occidental Petroleum (OXY) at $70.14 per share, Pioneer
Natural Resources (PXD) at $254.84 per share, Marathon
Petroleum (MPC) at $110.49 per share and Valero (VLO)
at $126.39 per share. All of these stock shares were
purchased at "Higher" prices, thus were "Averaged Up"
and added to our "Winning Stock Positions"! Tough to
during a Bear Market! Is this October 1929 all over again?
Hey Readers, John T., Editor In Chief of
the Altcoingazette.com here.
The oil \ WTI trade is heating up these days!
Major Oil Market news, with the Pres. says not
to do stock repurchases with record profits for
oil companies etc. +
Biden tries to tackle his gas
price problem by announcing
sale of 15 million barrels from Strategic
Petroleum Reserve
As you know, I have been on the oil trade,
purchasing every large cap oil in the last several
months: Exxon Mobil, Chevron, Conoco Phillips,
Eog Resources, Occidental Petroleum,
Schlumberger N.V., Pioneer Natural Resources,
Marathon Petroleum, Valero Energy, Phillips 66,
Devon Energy, Kinder Morgan, Hess,
Williams Companies, Halliburton Company,
Oneok Inc, Baker Hughes, Diamondback Energy,
Coterra Energy, Marathon Oil and Apa Corp!
+ purchasing additional "XLE" Energy ETF at
higher and higher prices = Never to high to Buy!
The price action today in the
Crude Oil WTI Nov '22 (CLX22)
trend is my friend and that WTI and oil stocks
wants higher and higher!
notice that it is at a 100% Strong Buy!
$105.57 is the All Time High for XOM? If then:
If XOM trades >Greater than it's All Time High
of $105.57, then Breakout Trade!
https://www.barchart.com/stocks/
quotes/XOM/overview
XOM certainly wants purchased >Greater than
$105.58ish for the Pivot Point breakout trade!
Not Investment Advice...Opinion Only!