Crude Oil - - ProShares - ETF (NYSEARCA:UCO) -- Bi-Monthly Update
I just completed my weekly study of all my High Profile Energy- Oil / Gas / O&G - Indices / Companies / ETFs. This is a study that always makes me smile because I have spent so much time and experience in the study of Crude Oil and ETFs like (UCO). I love my work and have for many years.
My objective is to identify the ever-changing trends for my Forecasting Analytics. Simple stated, I want to have current notes to quickly refer to on the anticipated direction of this Sector and Industry Group.
This week's commentary on - Crude Oil - - ProShares - ETF (UCO) - covers all of my Indicators, both Fundamentally for Valuations and Technically for Momentum. There is much to cover to provide my best possible Forecast and Opinion.
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Forecast & Opinion from my Study / Analytics:
Crude Oil - - ProShares - ETF and other Energy - Oil / Gas Companies and ETFs are tracking well. Although Crude Oil - - ProShares - ETF is in a strong Pull-Back it is always an excellent contributor to my Analytics.
My Forecast for Crude Oil is much more bright as you may be lead to think!
My Opinion is to HOLD-CASH in anticipation of a Bottom that is clearly in formation and can be comfortably Forecast for profits in the coming near-term.
If you own or are considering owning Energy - Oil / Gas Companies or ETFs, the securities are currently not very compelling to study at this time. Prudent investing supports having a long look and considering ownership in the coming near-term. Crude Oil - - ProShares - ETF is currently very weak, but improving. Technically and I have reservations about my very weak Fundamental Valuations. I placed it on a Strong Bearish Forecast - "Warning." That was way back in late 2011. That may change in the coming days / weeks!
My Analytics (weighting) for my Fundamental Valuations play a vital role in profitable managing money. At this time my Valuations of (UCO) are becoming more positive than perhaps you are being told by other sources. Plainly stated they are - Doing Good!
A Twenty Year Perspective of Crude Oil - - ProShares - ETF (UCO)
It has NOT always been like you are being told by so many who do not take the time to Invest Wisely. Crude Oil - - ProShares - ETF (UCO) has taken some big hits over the years.
URL for (20-years of Crude Oil (West Texas Light Crude) tells the story well. Since inception for (UCO): http://stockcharts.com/h-sc/ui?s=UCO&p=W&yr=20&mn=0&dy=0&id=p32486721734&a=310617298
A Rather Unique Chart / Graphic on (UCO):
URL for this representation of - (UCO): http://stockcharts.com/h-sc/ui?s=UCO&p=W&yr=1&mn=6&dy=0&id=p47845177948&a=308051249
"Selectivity" is what I preach and is what separates the Average Investor and Mutual Funds from the profits that come with long-hours / hard work and "Selectivity." You might like to read my most-recent article on why I believe Selectivity is so critical for profiting in today's Marketplace. You might want to check out "Be Selective II - Just click - - > http://seekingalpha.com/instablog/121308-steven-bauer/2066602-flash-update-be-selective-ii
Here are a number of the Component Companies / Peers in the Internet Industry Group that I focus on rather frequently: UCO, XOM, CVX, BP, RDS.A, STO, TOT, YPF, E, BAK, SSL, PTR, PZE.
If I can be of help just Email me. Serious Investors Only - Please!
I also write Bi-Monthly Updates on: AAPL, ABX, AMZN, BAC, C, CAT, CSCO, CVX, D, F, FB, GE, GOOG, HPQ, IBM, INTC, JNJ, JPM, KO, MSFT, PFE, SBUX, SO, T, VZ, WMT, XOM, GLD, UGL, UCO.
Have a Profitable Week,