Just a quick FYI...there seems to be a incoming tide into Oil and Gas Operations ($OILPRD) as there has been a heavy flow of institutional money into the sector recently. Here is a quick snapshot of the Big Chart on VLO.
The sector was at a low of "0" back on 2/2, but now it is at "86." That is a sector rotation if I ever saw one. Perhaps with summer driving season coming up, they are looking at the refiners like VLO, TSO and company?Happy Trading!
1 comment:
I have a question for the group.
Take a look at Allstate (ALL) and tell me if it's time to draw a new channel. I had a down channel drawn that started back in late Jan and early Feb. But it has clearly broken above that channel and resumed an up trend. But this brings up my question. When do you know that it's a new channel?
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