Energy
Diagnosing the Coronavirus Selloff: Just How Bad Is It?

Diagnosing the Coronavirus Selloff: Just How Bad Is It?

Editor's note: This article was originally published on February 25, 2020. Stocks continued their selloff on Tuesday as coronavirus spreads around the world. Here are some facts on what it means for your money. First, this pullback is now a "big one." The S&P 500...

Chart of the Day: Can Anything Stop Hess?

Chart of the Day: Can Anything Stop Hess?

Energy remains the top-performing sector this year. Today we're focusing a member of the group with potentially classic breakout behavior: Hess. The first pattern on the oil and gas stock's chart is the is the October 26 surge above $137. That was the previous...

Options Traders Look for Marathon Oil to Keep Running

Options Traders Look for Marathon Oil to Keep Running

Marathon Oil is the third-best performer in the S&P 500 this year, and options traders seem to think it will keep running. Check out this large complex trade in the Houston-based energy driller: 15,423 January 24 calls were sold for $6.70.15,423 January 21 puts...

Energy Stocks Just Got a Triple Dose of Bullish News

Energy Stocks Just Got a Triple Dose of Bullish News

After months of relative quiet, energy stocks are back in focus with a triple dose of bullish news. The sector began the week rallying on reports that OPEC+ would lower output by 1 million barrels per day. The cartel then did the unexpected by cutting 2 million...

Technical Analysis: Oil Giant Hasn’t Done This All Year

Technical Analysis: Oil Giant Hasn’t Done This All Year

Exxon Mobil has been drifting since the late spring along with other energy stocks. But now it’s trying to do something it hasn’t done all year. The main pattern on today’s chart is the 200-day moving average, one of the most basic measures of long-term support. XOM...