We’re very excited to present our Squeeze Engine, one of the main tools that powers the success of Breakout Multiplier.
Nvidia reported earnings yesterday, but the move that’s catching our attention today is in Energy.
Here’s today’s standout:
The Oil & Gas E&P ETF $IEO is currently exhibiting a Squeeze Score of 92.7 and an even tighter Long-Term Score of 97.4
Here’s what the chart looks like:
We’ve had our eye on the entire Energy complex for months now. Trends keep quietly improving under the surface while volatility remains at extreme lows at the index level.
Inside Energy, the tightest corner on the board is the E&Ps.
We’ve been early and wrong, but the charts have started to firm up. And as long as that remains the case, we’re continuing to swing.
The setup is there, the risk is clean, and right now it’s one of the only groups that’s actually improving.
