An Eye on Energy

Oil has been struggling lately. A break below $100 per barrel along with a move lower in copper has more than a few traders wondering about the strength of the world's economies. A continued fall in both might create a domino effect. While I'm staying away from copper now, I still have an eye on energy, specifically, the refiners. 

I prefer to buy some sectors as a basket, and this is one of them. They tend to move as a group but on occasion, one can sting you, so I like to spread my bets. I tend to focus around five names: Phillips 66 (PSX), HollyFrontier (HFC), Valero (VLO), Tesoro (TSO) and Marathon Petroleum (MPC). Look at the daily charts on any of these names. It is tough to make any kind of bearish argument. If anything, TSO is probably the weakest in the group; still, it is threatening to break out today chasing after VLO, which is very strong....207 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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