Our favourite indicator which has a high reliability record is the S&P Energy Bullish Percent Index. When over 90% it highlights an overbought market and signals to take profits or sell if at long-term price targets. At <10% it signals BUY and below 5% it signals a ‘Table Pounding BUY’.

In Chart #3 on the right side it shows that this indicator was at 62% in mid-February and in just a few weeks it has declined to 27%. Note it is below the 29% in early 2025 and is just above the 23% seen in August 2024. The speed of the recent decline is like previous large plunges which were followed by <10% data. In Chart #4, you can see five instances where the Index fell below 10% and three of which fell even further to below 5%. The lowest reading in recent years was in March 2020 at 3.7% bullishness. This was a wonderful BUY signal that in the following two years many stocks went up five times and many of the market darlings went up over 10X. Just check any of your favourite energy stocks against these signals and you can easily see how important and lucrative they are.

I think we have a good chance of a decline below 10% in the next few weeks which, historically, has meant many energy stocks could double in the next two years. If we see a number below 5% then it would justify a ‘Table Pounding’ BUY signal that would be a joy to be invested for and see even better upside targets.

If we get all three BUY signals triggered, subscribers should talk to their investment advisors and decide what names fit their investment goals. We will be recommending going to whatever a ‘full weighting’ is for each subscriber. Personally, we are doing this ourselves and this will be reflected in upcoming SER Ownership pages in our Lists section of the SER report.