Here are a few thoughts I have heading into tomorrow, based on my post-game prep work for Tuesday.
Summer driving season is here, and while I am not red-hot on the fundamentals, the refiners are in good locations from a technical perspective. I loved these as shorts back in March, and like the fact that they’ve lagged the market rally to an extent. It makes them more attractive as a theme at these prices.
Most of these stocks are near some decent levels of support within the context of their trends. I like energy as a theme and the biggest names in this space share similar technical set-ups. For the record, I like when that happens.
Tomorrow morning I am looking for moves back into materials. My top picks are WLT and ANR.
From the watchlist, keep eyes on FB, BBG, and LQDT.
While we are in the “dash for trash” mode, I’ve got buy stops in DEJ, ONTY, HIMX, and JOEZ.
Til Tomorrow,
OA
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nice to have you on this fakakta site! 😉
What good is a refinery list without the WNR?
First time here …..following OA’s blog…..nice
Simone Homes