heikoscreens
Sep 16, 5:29 PM
Oil & gas had a rough day, and it's everywhere.
$FANG -7.8%,
$OXY -5.4%,
$MTDR -6.4%,
$CRK -6.9%,
$SM -6.6%, plus APA, EOG, COP, DVN, VNOM, PR, CHRD, MGY, NOG and more all down 5-10%+ across the S&P 500, MidCap 400 and SmallCap 600 dashboards - not one company's problem. Cause: API reported a surprise 7.1M barrel crude inventory build, and oil dropped below 105 USD/barrel after touching a 4-month high just two days ago. FANG's own signals show the split clearly: Momentum Alignment and Volume Surge (9.5x average volume) both flipped Sell this morning, but Golden Cross is still Buy (217 days running) and the stock's still up about 40% over the past year. One bad inventory print, or the start of oil giving back its recent rally?
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