There are a total of 35 Power Dips for Monday morning. The Top Ten are as follows:
Concho Resources Inc. [[CXO]]
Forest Oil Corporation [[FST]]
W&T Offshore, Inc. W&T Offshore, Inc. W&T Offshore, Inc. W&T Offshore, Inc. [[WTI]]
[[NXY]]
Comstock Resources, Inc. [[CRK]]
Canadian Natural Resource Ltd (USA) [[CNQ]]
Boise Inc. [[BZ]]
Goodrich Petroleum Corporation [[GDP]]
El Paso Corporation [[EP]]
Polaris Industries Inc. [[PII]]
As you can see, the oil complex is well-represented, which can only mean the sector is pulling back.
On Friday, [[HPJ]] was stopped out. Today, Align Technology, Inc. [[ALGN]] will be sold. This leaves two open positions, which will be filled with CXO and FST.
I encourage you to pull up charts of the dips, to see how sweet the setups are.
Have a great day!
