fallondpicks
Long

Bought at $38.30

NYSE:KMI   KINDER MORGAN INC
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2
Trading in a narrow range defined by support of 140 million volume day (low $37.62, but real support closer to $37.50). #Sectorbreadth places $XLE at sub-10% bullishness, a point where shopping for long opportunities is often rewarded. KMI is one of the few XLE components holding up and should be one to lead Energy stocks out.

Comments

Eventually succumbed to overall market selling as Energy was not the only sector to suffer (but was/is one of the hardest hit sectors). I wouldn't be surprise to see a walk-down retest of $33 low. Important that any retest of spike low happens on low volume. 5% Yield will offer defense independent of sector weakness.
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