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« Market & Sector Trading Envelopes | Main | The VIX...Again »


In my opinion, oil related equities will be under pressure again when oil is trying to work off overbought condition or general market is under pressure again. In general market downturn, oil related equities behave more like equity than as commodity.

Very true. Oil stocks can trade as commodities in some instances, but generally not in this type of selloff. The interesting thing is that on a day like today, when the market was up 100 and oil prices didn't do badly, energy did quite poorly.

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