"The Skeptic" finds little in this market to get truly excited about right now. That being said, energy stocks appear poised to resume their outperformance. Coal and natural gas stocks have been ripping. "The Skeptic" is watching several natty gas stocks that appear close to breaking out of extended consolidation patterns. One such stock is EP -El Paso. El Paso has been trading sideways for a year now. Slowly drifting to the top of it's range and in a sector that looks good is, in this case, enough to make "The Skeptic" a buyer. Perhaps the consolidation is not over and "The Skeptic" has been early in this name before. Better early than late. EP closed at $15.40 today, up a touch.
Disclaimer: "The Skeptic" owns this stock and is not a broker. Do not buy this stock based on anything you have read on this blog. If you do you are moron who would be better served indexing.
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