looking at the daily charts for TSO & VLO there is
massive pos divergence in place with stoc below 20 - stoc is also
< 20 on the weekly charts - there is not a more unloved sector
right now than the refiners so taking a contrarian view
and a 3 month time horizon n entry on the long pside
here could be a good risk/reward bet. thoguhts?
Posted by hornsant on 19th of Jun 2008 at 02:24 pm
Refiners divergence seems to anticipate lower oil, but going
deep in hurricane season refiners can get very jumpy...not to
mention a hurricane hitting hard
refiners
Posted by kevmars on 19th of Jun 2008 at 02:16 pm
looking at the daily charts for TSO & VLO there is massive pos divergence in place with stoc below 20 - stoc is also < 20 on the weekly charts - there is not a more unloved sector right now than the refiners so taking a contrarian view and a 3 month time horizon n entry on the long pside here could be a good risk/reward bet. thoguhts?
refiners
Posted by hornsant on 19th of Jun 2008 at 02:24 pm
Refiners divergence seems to anticipate lower oil, but going deep in hurricane season refiners can get very jumpy...not to mention a hurricane hitting hard
crack spreads
Posted by dylan398 on 19th of Jun 2008 at 02:34 pm
need theseto stay above the 50DMA...