NYSE:MPC   MARATHON PETROLEUM CORPORATION
Get em while they're cheap! You might find cheaper premiums on HFC             as they nose-dived yesterday, but MPC             has stronger fundamentals IMO             .

And a reminder like always, MPC             has a history of bucking the market the market: SPY             .

In regard to fundamentals, this is an oversold reaction to MPC             and other refiners' posting losses for Q1 2016. We all knew the refining margins honeymoon would come to a close eventually. This is a response not in rising crude prices, but rather a response to the lack of rise of gasoline prices (the other leg that makes up the refining crack spread).
Comment: Just like to point out that I've seen other Fib retracements. I have stuck to the one starting at the Feb 9th low. The model has held for many trades. I stand by this one.
Profit target was way off, but stayed out of the red.
Reply
This retracement is holding up. And again, MPC is bucking the market against the SPY. Hope you bought cheap calls on Monday! Happy trading!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out