Exxoff

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On January 29th, I did a post called Tiger by the Tail, which pointed out the topping pattern with Exxon Mobil. The stock, like all the energy sector, has stumbled and fumbled its way lower, although certainly not in a straight line. I suspect energy will continue to be weak for many months – maybe even years – to come. Just keep in mind the bulls are going to be fighting every step of the way (hence all those little tinted highlights shown below).

0731-xom

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