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HERE COMES OIL AGAIN -- CAN IT SUSTAIN MOMENTUM THIS TIME?

|Includes: LOCO, iPath S&P Crude Oil Total Return Index ETN (OIL), PLUG, UGA, UHN

CRUISE CONTROL: MORE BUY SIGNALS -- WHAT DOES THIS MEAN?

Apr. 10, 2017 6:43 PM ET • OIL, LOCO, UGA, UHNComment! comments

Disclosure: I am/we are long UGA, EMES.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Feels like cruise-control. That is sometimes a dangerous feeling. We run a report every day asking for both COUNT BUY and COUNT SHORTSELL signals. In the past week, we have only BUY SIGNALS -- no SHORTS. What does that say?

4/10/17                
      COUNT     NEW POS NEW POS  
SYMBOL CLOSE COUNT DIFF PROP1 POSITION TODAY YESTERDAY ISSUE
                 
AG 8.68 8 2 5 Long     First Majestic Silver
AHGP 28.04 -12 2 5 Long     Alliance Holdings Mining
AXAS 2.21 8 2 5 Long     Abraxis Petro
BRZU 39.85 2 2 -7 Long     * Brazil Stocks Bullish ETF 3x (NYSE:O)
CNTF 2.05 0 2 5 Long     China Tech-Faith Wireless
COP 50.15 -8 2 5 Long     Conoco Philips Daily
GVA 53.66 -4 2 5 Long     Granite Construction
HCLP 17.95 -2 2 5 Long     Hi-Crush Partners Energy
HDP 10.91 -12 2 5 Long     Hortonworks
HL 5.365 8 2 5 Long     Hecla Mining
IAG 4.2 8 2 5 Long     I Am Gold
KTOS 7.84 8 2 5 Long     Kratos Defense & Security
LOCO 12.2 4 2 5 Long   <--- El Pollo Loco
OIL 5.905 -6 2 3 Long   <--- Oil ETF
PLUG 2.45 4 2 5 Long   <--- Plug Power
TOO 5.445 -10 2 5 Long     Teekay Offsore Partners
UHN 15.74 6 2 5 Long   <--- Heating Oil ETF
YGE 2.89 0 2 5 Long     Yingli Green Energy China
                 
LEGEND                
  PROP1              
Above or equal to -7 is bullish              
  COUNT              
COUNT less than zero and climbing with a PROP1 greater than or equal to -7, is a BUY.      
COUNT greater than zero and falling with a PROP1 less than -7 is a SHORTSELL.        

It looks like the oil-gas sector is ready to make a move up. It has been stalled in its last few moves up. This is not a problem in itself -- as long as it eventually finds the guts to make its move.

LOCO looks pretty good here too.

We added PLUG today. And its giving a BUY SIGNAL. Why is PLUG moving? Thanks to an Amazon deal that should increase earnings for PLUG.

www.fool.com/investing/2017/04/10/why-pl...

It has already moved up -- but it probaby has some more upside.

Here's our updated portfolio: up 4.3% in a little over a month.

Column1 Column2 Column3 Column4 Column5 Column6 Column7 Column8 Column9
4/10/17                
                 
CGTS COUNT PORTFOLIO              
          COUNT   SALES  
SYMBOL CLOSE GAIN POSITION COUNT DIFF PROP1 DATE ISSUE
                 
YGE 2.89 10.99% Long 0 2 5 3/20/17 Yingli Green Energy China
SOXS 7.915 11.07% Flat -30 0 -13 3/20/17 * Semiconductor Stocks Bearish ETF 3x
CC 37.45 1.86% Flat 30 0 5 3/20/17 The Chemours Company
ABX 19.47 4.35% Flat -30 0 5 3/20/17 American Barricks Gold
MUX 3.14 -3.61% Long -22 0 1 3/31/17 McEwan Mining
PDLI 2.06 -6.12% Flat -8 2 -19 4/3/17 Protein Design Labs
ENDP 11.87 0.95% Short -2 0 -13   Endo Pharmaceuticals
CLAW 19.6 7.43% Short -30 0 -23   * Homebuilders Bearish ETF 3 x (NO)
GME 21.86 10.35% Short -30 -2 -19   GameStop
SHAK 32.945 0.12% Short -30 0 -13   Shake Shack
FSLR 27.97 25.98% Short -30 -2 -19   FIRST SOLAR
KSS 39.82 -6.09% Short -24 -2 -13   Kohl's Corp
MYL 39.25 -0.73% Short -12 -2 -25   Mylan Labs
TSLA 312.39 12.33% Long 10 2 23   Tesla Motors Daily
BABA 111.63 8.02% Long 30 0 5   Alibaba
NVDA 97.77 -9.74% Long 20 2 -5   Navidia Daily
EDC 72.64 7.24% Long 30 0 -5   * Emerging Markets Bullish ETF 3x
PALL 75.54 1.73% Long 30 0 -1   Palladium ETF
RGLD 72.19 4.21% Long 14 2 5   Royal Gold Inc
HLF 58.96 1.34% Long 14 2 5   HERBALIFE
COP 50.15 0.49% Long -8 2 5   Conoco Philips Daily
JPNL 47.74 -2.95% Long 30 0 -5   * Japan Stocks Bullish ETF 3x
HAKK 45.99 4.46% Long 30 0 5   * Cybersecurity Bullish ETF 2x (NO)
FXI 38.51 1.65% Long 30 0 -5   China 25 Index ETF $
GDXJ 36.79 -0.47% Long 12 2 5   Gold Junior Minors ETF Daily
W 44.05 10.36% Long 16 2 5   Wayfair
BRZU 39.85 2.45% Long 2 2 -7   * Brazil Stocks Bullish ETF 3x
AHGP 28.04 -1.92% Long -12 2 5   Alliance Holdings Mining
LL 22.25 22.17% Long 30 0 5   Lumber Liquidators
UGAZ 21.55 15.16% Long 16 2 5   * Natural Gas Bullish ETF 3x (NO)
HCLP 17.95 1.35% Long -2 2 5   Hi-Crush Partners Energy
PAAS 17.91 0.33% Long 14 2 5   Pan-American Silver
UGAZ 21.55 34.94% Long 16 2 5   * Natural Gas Bullish ETF 3x (NO)
1128.HK 17.34 20.00% Long 30 0 5   WINN MACAW
DRV 11.47 1.43% Long -12 0 -7   * Real Estate Bearish Stocks ETF 3x
PTM 9.8848 -6.54% Long 30 0 1   PlatiNum ETF
HDP 10.91 0.59% Long -12 2 5   Hortonworks
SSRI 10.9 0.49% Long 14 2 5   Silver Standard Resources
KTOS 7.84 -2.19% Long 8 2 5   Kratos Defense & Security
AG 8.68 8.56% Long 8 2 5   First Majestic Silver
BBRY 7.71 -2.72% Long 16 2 5   Blackberry (RIMM)
AMSC 6.85 -1.51% Long 14 2 5   American Superconductor
HL 5.365 -0.35% Long 8 2 5   Hecla Mining
FSM 5.29 3.45% Long 16 2 5   Fortuna Silver Mines
MTL 5.43 10.51% Long 12 2 5   Mechel Open Joint Stock Company
NDLS 5.95 20.73% Long 18 2 -1   Noodles
SAND 4.45 0.61% Long 12 2 5   Sandstorm Gold
GFI 3.665 -1.55% Long 14 2 5   Gold Fields
IAG 4.2 5.99% Long 8 2 5   I Am Gold
EGO 3.47 -0.35% Long 12 2 5   El Dorado Gold Mines
YGE 2.89 -0.42% Long 0 2 5   Yingli Green Energy China
AXAS 2.21 -1.41% Long 8 2 5   Abraxis Petro
CNTF 2.05 -5.16% Long 0 2 5   China Tech-Faith Wireless
AXU 1.52 -10.65% Long 16 2 -5   Alexco Resource Co
VVUS 1.04 -1.95% Long -28 0 -7   VIVUS Inc
                 
                 
Initiated                
3/3/17   4.34%            

Generally, when it feels like cruise-control, we get uncomfortable. I'm pretty comfortable here, even with war-talk flying in Syria and North Korea, even with anti-Russian war-fever sweeping down Washington DC alleyways, and with economic misery flags flying all over the world. There is a LOT to be concerned about.

We have a few stocks in our portfolio that are struggling, NVDA for instance. Sometimes a bottoming process takes a few tries. As long as PROP1 holds up, we think we'll be able to close this trade with a gain.

Best,

MJC, CGTS

Disclosure: I am/we are long UGA, EMES.