๐ Oil & Energy โ Hess, Shell, and a Sector on the Move
The QM Indicators Table continues to be a standout source of trading ideas, and today itโs lighting up with a clear message: Global Energy is back in focus โ and potentially at a major turning point.
๐ข๏ธ Energy Stocks Are Surging
84% (209 out of 250) of energy-related stocks in our global universe are now accelerating positively on our medium term timeframe.
We've recorded 45 new positive reversals โ either pending or just confirmed.
This is happening after a deeply negative backdrop, suggesting a significant inflection point in the sector.
๐ Then Comes the Snapback
What makes this especially compelling is the setup. The move is coming from a very weak base, which historically makes for some of the most explosive opportunities in our framework.
We noted a daily positive reversal in the CL1 crude oil future two days ago โ and this seems to have finally unlocked broader participation from energy equities. Interestingly, this lags the moves we've already seen in major US oil stocks, which reversed positively six weeks ago โ an inversion of the usual lead-lag relationship weโve observed in the past.
๐ Focus Stocks: Hess (HES) and Shell (SHEL)
Two names that stand out in todayโs screen:
Hess (HES)
Shell (SHEL)
Weโll be watching closely to see if this momentum broadens further โ and will continue to surface standout names as they emerge from the QM framework.