FYI; Below is an updated look at our trading range screen for the 30 largest stocks in the S&P 500 Energy sector. For each stock, the dot represents where it's currently trading, while the tail end represents where it was trading one week ago. The green shading represents oversold territory, and as you can see, pretty much all of them were oversold last week at this time. Plenty are still oversold, but much less so than they were last week. It looks like the "buy-the-dippers" have finally come out of the woodwork. Let's see how big the rush to buy in "at the lows" gets over the next day or so.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/12/18/energy-stocks-bounce.html?printerFriendly=true
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