Ford, GM , LPX and Alon. I have been mentioning and trading the first three, Alon (ALDW) is a new one for me.
ALDW appears to be forming a going into this storm. The last storm caused ALDW to jump upward. At a p/e multiple of 16.38, this stock trades cheaper than say XOM , which is at 29.49. Also note that ALDW has a small capitalization of 739 million, making it fairly reactive to oil prices.
I'm using technicals, mainly , for entry. I look for to range around 50-65 on support, lower could mean a move.
My portfolio holdings going through Q4,
FX trading - 10%
Swing/pattern trading - 30%
ALDW - 20%
F - 20%
GM - 20%