Crude Down, Refiners Up?
Jeff Pierce | Nov 28, 2013 05:33AM ET
I’ve been noticing this disconnect between oil & gas refining and marketing stocks over the past few weeks but it didn’t seem so “in my face” until today. I think it had to do with so few results on my screeners due to my volume requirement that they stood out, but this is just odd how this sector is performing so well with crude being under pressure as of late.
I won’t be placing any trades in this sector as these chart patterns don’t fit the ones I trade, but I thought I’d point this out.
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