VLO has open gaps below which are located at 36.49 and 34. Open gaps above are located at 38, 38.66, and 39.81 It is overbought at this time. VLO appears to be forming a bearish Heard & Shoulders chart pattern. If it plays out, target is 35.50. You will see 33.20 again some time in the future.
Agree for today.... But I think D may be on to something..... The market has been acting very weird lately..... I am not comfortable here..... I will probably take an acorn or two today on TSO, WNR or vlo ...... But I agree , today should be fun for the first hour.
D..... My ( GOM) reading( combo of current fundamentals, recent stock history,LT trends) is indicating a 42-48 channel for now.
The Fed could really throw us a curve ball next week.
Presently GOM showing a neutral reading on direction.... 42 or 48 next ? I have left all of my VLO bet on the table for now .
Still think I have a good shot at 48.11 on this run. But I need the Fed to help.
This is more then interesting with 5 full loads bet! I feel like Pole.
All refiners up big time today. This group is getting a bid because the rest of the market is way over bought. Can you spell bubble. AH outlined the fundys earlier. I have sold all my long positions so that will put more upward pressure on the sector if history is any lesson. I think I am going to take a breather until next February-March and look for some fixed income potentials.