Both $PSX and $PXD are on watch for these little flag breaks. Have alerts set on $XOP and $XLE for a heads up that the sectors are getting the same push. If we get the signals, I will be interested in buying dips to join trend. Keep in mind that $PSX reports earnings Friday before the bell.
Another from the energy sector is Pioneer Natural. Decent volume and good range. We had a nice breakout, nice flag that busted above. We retested levels and reclaimed and kept going. I want to see this retrace back to the quarterly pivot (159.75) on a weak open and watch to see if buyers show up.
