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Divergences Galore; Market Remains Indecisive (USO, UNG, APA, DVN, RRC, GAS, X, MT, AKS, NUE, FCX, NEM)
Thursday, March 31, 2011 - 4:50pm | 640Thus far, this trading week has been full of reversals and divergences mainly emanating out of the materials and commodities sectors. Traders and investors seem to be unsure as to where the market should be and in what direction it should head. For example, after disappointing inventory data,...
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Natural Gas Names Holding Up (RRC, APA, DVN, GAS)
Thursday, March 31, 2011 - 10:57am | 149Despite a 3% collapse in natural gas futures, shares of natural gas companies are holding up well in today's trading action. Apache Corp (NYSE: APA), Devon Energy (NYSE: DVN), Range Resources (NYSE: RRC), and Nicor (NYSE: GAS) are all showing signs of strength in the midst of the selloff; perhaps...