6/27/2026
While everyone is agog at tech, let's check the out of favor sector, energy. Yes oil soared and has dropped back below 70, as I have said the last week, it is hard to see why, see Trump threatens to attack Iran again, etc. Spencer Jakab WSJ Herd on the Street, has been suggesting this sector looks good all arond.
XOM CVX BP SHEL all look the same, trying to make a bottom the last couple few days recording agaps down on the open a possible sign of exhaustion selling. APA is smaller but also a good candidate. XOM at two months to better show the selling gaps
refiners are councing, VLO is expensive, how about DINO instead? Understand refiners care not if oil is high or low, they make money on the spread between the cost of oil and the wholesale price of the refined product.
PMO has not turned up on either so not time to buy yet.
Energy service gets hammered in an oil sell off, but the chart looks like the major oils.
Halliburton HAL it could wander down to the red 200 day MA
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