"Crude Exploration Stocks are Overrated" - David White of The Power Trading Hour for TFNN - 2020
Channel: Tiger Financial News Network
Date: 07/01/2020

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David White advises Rick in Denver to avoid exploration stocks like SPDR S&P Oil & Gas Exploration & Production (XOP) and instead trade the underlying crude - or even Caterpillar (CAT) because their machines are so commonly used for extraction since the industry moved away from drilling after BP's Deepwater Horizon oil spill in 2010.

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David is a new breed of market technician. Using statistical physics to infer market moves, sometimes called Econophysics, it incorporates theories and methods originally developed by physicists in order to solve problems in economics and understand market prices.

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