Sector Scan: Energy Stocks

In the natural gas and oil space, things are cooling way, way down.

My Power Stocks system identifies the most volatile and liquid stocks for option trading or short-term stock trading, and this week it’s telling me that energy stocks are looking very weak overall. Get your trigger finger ready for some puts, sells and shorts.

Use the following information to help you with your own options or short-term stock trading program.

Drifting Stocks

These stocks are in a downward trend with big downside potential, but have not broken down yet.

  • Valero (NYSE:VLO)
  • Exxon (NYSE:XOM)
  • Schlumberger (NYSE:SLB)

 Problem Stocks

These stocks are in a downtrend, and show signs of accelerating their descent.

  • Halliburton (NYSE:HAL)
  • Apache (NYSE:APA)

Stocks to Sell

Sell these stocks on any further weakness—they’re not worth the heartache.

  • Ashland Oil (NYSE:ASH)
  • Occidental Petroleum (NYSE:OXY)

Ken Trester is editor of the popular Maximum Options program. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990.

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