Could Reap Some Rich Rewards

I'm seeing two potentially high-reward speculative short plays in the oil-and-gas sector, each of which is setting up on multiple chart time frames.

We'll start with Delek (DK), a downstream energy company with a refining and retailing business. The weekly chart looks relatively benign, but there are several indications on the daily chart that suggest underlying weakness. Three weeks ago, a high-frequency "spinning top" candle formed after two previous strong hammer candles. A spinning top is not a reversal candle but, rather, a sign of market indecision: High and low ranges are explored, but the close finishes back near the opening level....310 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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