Energy Stocks Retreat: VLO, TSO, SUN, XOM, COP, CVX

The energy sector is leading this morning’s decline in the the major stock market indexes. The decline is being lead by Exxon Mobil Corp. (NYSE:XOM) which is declining lower by $1.63 to $83.29 a share. Yesterday, it was the Exxon Mobil stock that lead the rally in the energy sector and today this market leading stock could be staging a complete reversal day on the charts. Exxon Mobil Corp. has the largest market capitalization at over $400 billion, therefore, this is the leading stock in the entire stock market.

Other leading energy stocks that are declining sharply lower today are Chevron Corp. (NYSE:CVX), and ConocoPhillips (NYSE:COP). Leading oil refiners which have been surging to new 52 week highs recently are also retreating this morning. TesoroCorp. (NYSE:TSO), Valero Energy Corp. (NYSE:VLO), and Sunoco Inc. (NYSE:SUN) are all under selling pressure this morning.

About Nicholas Santiago 576 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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