Jeff Kohler at OptionAddict is taking a look at some refining stocks (article). WNR, HES, TSO are the three stocks mentioned.
On the other side are major oil stocks such as XOM, PBR that to me look toppy. Again, not much that I am saying other than oil stocks might go up, might go down.
This week saw wide intraday swings almost every day. Friday was another rollercoaster. If the rumored bailout doesn't pan out, the carnival ride might go down. It continues to be a tough market for position traders because it is easy to get stopped out, trends last a few hours instead of days and weeks.
Still flat with no positions.
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