Tuesday April 25, 2017
The DJIA jumped 200+_ points after the French elections.
I suggested Anadarko and Apache would tip us one way or the other in the next couple of weeks. But there was not enough movement in either to
resolve the issue of support just yet.
i did buy two refiners on the open Monday. Happily both ralled. PBF Energy PBF and Holly HFC are both paying 4.5% dividends at this price and are rallying from
an oversold condition. At DJIA 20,800 that is about the best deal one could expect.
Halliburton HAL
HAL has reported the best earnings since 2014. But you wouldn't know it by the chart!
46-47 ought to offer some support, as one of the giants in energy service this bears watching as well.
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