Exxon Mobil – The Generation X-Files

As September Ends, Oil Stocks are No Longer on Top

3Oct

By X ManNo Comments

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As September Ends, Oil Stocks are No Longer on Top

On 9/1, twenty-one shares of Exxon Mobil (XOM) were purchased at $94, totaling $1,974 in stock, and $46.75 of cash was left over for a grand total of $2,020.75. On Friday, the shares were sold for $88.22 leaving a grand total of $1,899.25 in cash ($1,852.50 in stock proceeds plus the cash of $46.75). In August, I started with $2,005 so this trading strategy has lost 5.3 percent over the last two months. And XOM is no longer the top stock. (adsbygoogle = window.adsbygoogle || []).push({}); For comparison, the S&P 500 exchange-traded index fund, SPY, returned negative 14.3 percent in August through September so this trading strategy continues to outperform the broader market. The slide that started in August continued through September as economic w...

Through the August Dip, Trading Continues

1Sep

By X ManNo Comments

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Through the August Dip, Trading Continues

In August, more money was poured into the trading strategy, about $2,000. (I started with $1,000 in May of 2021.) 14 shares of T-Mobile US Inc. were purchased on August 1st for $143.22, totaling $2,005.07. The shares were sold yesterday for $144.34, returning 0.8 percent for the month. Now, T-Mobile is no longer the top stock. (adsbygoogle = window.adsbygoogle || []).push({}); For comparison, the S&P 500 exchange-traded index fund, SPY, returned negative 5.2 percent in August. So this trading strategy continues to outperform the broader market. In mid-August, the S&P reached its short-term peak then headed lower. In a speech on Friday 8/26, Fed Chairman Jerome Powell indicated they will continue raising interest rates in order to move moneta...

These are the Results of the Strategy Over 15 Months

2Aug

By X ManNo Comments

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These are the Results of the Strategy Over 15 Months

Back on July 1st, ten XOM shares were purchased for $88.05 per share totaling $880.50, and $86.17 in cash was leftover. Now, Exxon Mobil (XOM) is no longer the top stock in the S&P 100, and Friday, July 29th was the last trading day of July. The XOM shares were sold at a profit for $96.77 for a total proceeds of $967.73. Along with the leftover cash of $86.17, there was a grand total of $1,053.50 in cash on balance. The starting testing balance on May 3, 2021 was $1,001.66 so this strategy has returned 5.2 percent over the last fifteen months. Please see the following list of stocks used along with the ending balance for each month. (adsbygoogle = window.adsbygoogle || []).push({}); For comparison, the S&P 500 exchange ...

3Jul

By X ManNo Comments

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It’s Oil Stock Musical Chairs

Thursday was the last trading day of June and ConocoPhillips (COP) is no longer the top stock in the S&P 100. On June 1st, ten shares of COP were purchased for $114.90 each totaling $1,149.05 and $56.39 in cash was leftover. Yesterday, the COP shares were sold at a loss for $91.03 for a total proceeds of $910.28. Along with the leftover cash balance, there was a grand total of $966.67 in cash in the bank. The starting testing balance on May 3, 2021 was $1,001.66 so this strategy has returned negative 3.5 percent over the last fourteen months. (adsbygoogle = window.adsbygoogle || []).push({}); For comparison, the S&P 500 exchange traded fund SPY has returned negative 8.4 percent over the same time, including dividends. Market volatility ...

31May

By X ManNo Comments

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Oil Stocks Continue to Lead

Today is the last trading day of May and Exxon Mobil (XOM) is no longer the top stock of the S&P 100. On May 2nd, I bought twelve XOM shares for $86.40 each totaling $1,036.80 and had $56.39 in cash leftover. I just sold the XOM shares for $98.16 for a total proceeds of $1,177.92. Along with the leftover cash balance, I now have a grand total of $1,234.31 in cash. I started testing with $1,001.66 so this strategy has returned 23.2 percent over the last thirteen months. (adsbygoogle = window.adsbygoogle || []).push({}); For comparison, the S&P 500 exchange traded fund SPY has returned 0.5 percent over the the same time, including dividends. Market volatility continued in May as the SPY hit a year-to-date closing low of $389.46 on the 19th....