It is interesting how the overall market is not going parabolic (instead she is slow and steady as she goes) but different sectors within the market are going parabolic. I have not seen a move like this in the refiners since perhaps late 07 or early 08. There is something called a crack spread which is essentially the different between inputs (crude oil) and outputs (refined petroleum) and based on how these stocks are moving, I assume it must be blowing out. The red line below is the 20 day moving average - these are acting like Netflix or JDS Uniphase.... 30% over the 20 day for a refiner? Holy Bernank.
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Thursday, February 17, 2011
Refiners are the New Cloud Computing or Social Networking Stocks
Posted by
Mark
at
3:44 PM
Refiners are the New Cloud Computing or Social Networking Stocks
2011-02-17T15:44:00-05:00
Mark
sector focus|
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Labels: sector focus
Refiners are the New Cloud Computing or Social Networking Stocks
2011-02-17T15:44:00-05:00
Mark
sector focus|
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