Follow the Money

Tuesday, March 31, 2026   What You'll Learn in This Post   Why energy leadership doesn't require the rest of the market to collapse What Exxon's multi-decade chart is actually signaling right now How to stop predicting and start reacting to real trends Why leadership spreads — and what that means for the next phase of the cycle People are overthinking this.   There's this idea that energy can only go higher if everything else breaks. That the only way this works is through some kind of market collapse.   Just look at this chart.   Exxon has been through multiple cycles — the 1980s, the 2000s, and now the 2020s.   Every time energy enters a real bull phase, it doesn't move quietly. It expands. It trends. It leads.   And it does that while other parts of the market still function. In the 2000s, energy didn't go up because everything else died. It went up because that's where capital flowed. Same thing in the post-2020 move.   Everything rallied — energy just outperformed.     Not isolation. Not a one-sector trade. Just stronger demand showing up first and most aggressively.   And right now, that's exactly what this chart is showing again.   You don't need to predict oil prices. You don't need to map out every macro scenario. You don't need to guess how this ends.   You just need to react to what's in front of you.   XOM is breaking out on a multi-decade basis. Not a short-term move. Not a bounce. A structural shift.   That's not noise.   That's a signal.   And when you start seeing this kind of behavior in the largest, most liquid names in the space, it usually means one thing — the move isn't isolated. It's spreading.   That's how real trends begin.   They don't ask for permission. They don't wait for confirmation from headlines.   They just start moving.   The question is whether you're paying attention — or still trying to explain it away.   I went live and walked through the commodity rotation pattern that's played out every decade for 50 years, and where it's pointing right now.   The replay is available now. Watch it here before we take it down. Jason Perz | ASC Gold Rush | Save The Bees All Star Charts emails are a financial publication of general circulation and only offers impersonal advice, not tailored to individual needs of a specific client or group. Any comments or statements made herein do not necessarily reflect those of All Star Charts or its affiliates (collectively, "All Star Charts") and do not constitute buy or sell recommendations. Unless specifically indicated, this message is not an official confirmation of any transaction. The contents of any email communications to or from All Star Charts may be monitored or reviewed at All Star Charts's discretion. All Star Charts accepts no responsibility for any loss or damage arising in any way from the use of this transmission and any attachments; it is the responsibility of the recipient to ensure that they are virus free. If you reply to this email, please note that we are a public investor and do not want any material non-public information. We do not agree to keep confidential any information you provide and do not agree to any restrictions on our trading activity, except pursuant to a written confidentiality agreement executed by All Star Charts. Want to change how you receive these emails? You can manage your preferences here unsubscribe. © 2026 All Star Charts 624 Broadway, Suite 405 San Diego, CA 92101