VLO - nice bounce shortly

Perhaps an imminent play in TSO/VLO will suit your style, however, going long on either or both of these vehicles at this point is somewhat tantamount to "catching a falling knife."

Both issues are presently in confirmed downtrends and will likely have some accumulative work to accomplish before any sustained rally can take place. Tradewise, the only thing either has going for it presently, is a positive divergence between price and RSI (on a weekly basis).

What's the crack spread right now? That's the big thing you need to know with refiners.

I agree with walter also to note is that fact that VLO isnt getting good return out of its distribution branches which means that their semi vertical integration isnt as profitable as it should be

VLO has been in a down trend for five years plus a crappy dividend, to use a truthful phrase and in a market that is changing direction.

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