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Special Update on Energy

Jack Chan
www.traderscorporation.com
December 3, 2005

With gold making a splash at $500, all eyes are on the yellow metal, and not many are aware we have a major buying opportunity in the energy sector.

Crude oil - hit our downside target of $56 on the nose, and we have a buy signal.

CRB which is heavily weighted in oil and metals, also gave a buy signal today.

The Toronto index, which is heavily weighted in oil and energy stocks, currently on a buy signal, is in the process of completing a "cup with handle" pattern, and upon a breakout, should see another 1000 points.

XLE - US subscribers bought at $49.04, and again at $49.55. IP1 signals the beginning of an impulsive phase.

XEG.TO - Canadian subscribers bought the Cdn energy ETF at $74.52..

CNQ - for stock lovers, we have a possible IP1 on CNQ. This chart shows off our trading model perfectly: Prices corrected to the 200ema support and gave us a bull market buy signal, then a month long consolidation on declining volume, and now follow up with an IP1. What more can we ask for?

XOM - this energy benchmark also gave us an IP1 today, which bodes well for the entire oil and energy complex.

Summary

Since our broad market major buy signal was issued on Nov 2nd, all three sectors have obliged and are so far providing us a nice cushion of profits. The energy sector has been lagging, but with current technical configuration, it should catch up very soon.

12/03/2005
Jack Chan
email: info@traderscorporation.com
website: www.traderscorporation.com