Y.W. Watching the Dollar, Euro, gold, silver & GDX for the next objective entry & I might start scaling into some or all of the first 8 PM stocks that I highlighted in the video earlier today once it seems like the counter-trend bounce in the dollar has likely run its course.

Thank you Randy, prepare to load some mining stocks, then.

CIE still has bullish divergences forming but only potential, not confirmed as the PPO is pointing down. While it looked to be setting up for a potential reversal a couple of months ago, it never participated in the rally with the rest of the energy stocks & is starting to get close to the precarious 1.00 share price level… and that is after the 1/15 reverse split back in June… not a good sign.
CIE is extremely oversold & I would put good odds that it will have an oversold/short-covering rally sooner than later but I’m not so warm on that stock at this time. Plus, my near-term outlook for the energy stocks is bearish so one less reason to look to go long CIE in addition to the fact that I don’t see any technical reason to either.

XCO started to get some traction after that divergent low & falling wedge breakout, clearing T1 on a momentum overshoot but fell back below the key 1.50 level & has remained below it since. Until & unless it can regain 1.50, XCO could eventually go to the wayside (i.e.- bankruptcy) as could CIE.
I like these low-priced, high-risk energy stocks at times when the sector outlook is bullish & the charts confirm a long-side trade but I don’t see either right now.