Greg Guenthner

Investors are drooling over stocks — and with good reason…

The market’s in full-on melt-up mode. Nine out of the last 10 trading days have ended positive for the S&P. It’s an awesome sight.

But there’s a big, sneaky rally happening right under your nose. Yet no one’s really talking about it — mainly because everyone’s so amped up about the strength of the broad market.

Here’s what you’re missing: Crude is quickly moving toward $100. In fact, crude’s gains have more than doubled up the S&P since the beginning of November.

Take a look:

Doubling of the S&P

Crude has rapidly bubbled up since the beginning of December. If it finishes this week higher, it will be Texas tea’s eighth straight week of gains.

I also took the liberty of throwing in some equally ridiculous moves from a couple of related stocks. Hess Corp. (NYSE:HES) is fresh off gains of more than 9%… just yesterday (bottom right). The stock is up more than 18% during the past five trading days.

If that’s not enough for you, oil services stocks are absolutely killing it. Check out Halliburton Co. (NYSE:HAL) posting gains of more than 25% since November (bottom left). Shares have taken only a couple days off since the start of 2013. After raising guidance in its fourth-quarter earnings report earlier this week, Haliburton gapped dramatically higher for the second time this year.

I find oil services to be especially intriguing since the sector has yet to break above its 2012 highs. Sure, we’ve already seen some big moves. But it’s still early.

So snap out of it, Clampett! Get to stalking your favorite black gold plays today…

Greg Guenthner
for The Daily Reckoning

Greg Guenthner

Greg Guenthner, CMT, is the managing editor of The Rude Awakening. Greg is a member of the Market Technicians Association and holds the Chartered Market Technician designation.

Recent Articles

In the Downdraft of Hormegeddon

Bill Bonner

The economist Milton Friedman didn’t go far enough when he said, “Concentrated power is not rendered harmless by the good intentions of those who create it.” Oftentimes, that power is rendered more harmful -- to the point of Hormegeddon -- the better the intentions behind it. In today's essay, Bill Bonner highlights the conditions necessary for popular delusions and the disasters they lead to. Read on...


Addison Wiggin
Health Care Costs: Still the Pig in the Federal Python

Addison Wiggin

Right now, health care makes up about 25% of the federal budget. A scary statistic to be sure... But here's an even scarier one: health care's portion of the federal budget doubles roughly every 20 years. Yikes! Addison Wiggin explains why this is and what needs to change to prevent health care from taking up half the federal budget. Read on...


Six Signs Your Government’s Too Big

Chris Campbell

Is your government too big? Find out in today’s Laissez Faire Today with six “red flags” to look out for. Chris Campbell covers everything from one ObamaCare whistleblower to the strange case of our new Ebola czar. Read on…


McDisaster: Fast Food Is Dying – Make a Killing From It…

Greg Guenthner

McDonalds stock is getting crushed right now. Shares have been in a tailspin since June. But it’s not just Mickey Dee’s. Coca Cola shares are in freefall, too. Bad news for them. But if you want to rake in a pile of easy money, it could be great news for you. See, Americans just aren’t choking down this junk like they used to. The fast food burger, fries and a Coke are just down payments on an early coronary - and Type II diabetes. And everyone’s finally gotten the message. So how can you play the trend? Greg Guenthner explains…


In the Year 2024

James Rickards

Panopticon goggles? Severe market panic in 2018? Gold confiscation by 2020? Jim Rickards' shocking thought-piece in the spirit of A Brave New World or 1984. Click to see how markets, economics, your money, gold, privacy, wealth building and more look a decade from now in the year 2024...