Volare Valero: Refiners are Like the Gypsy Kings

After most refiners barely flinched at yesterday's bout of weakness in crude and energy stocks in general, today's snappy recovery in the entire sector seems to have lifted a lid of pressure containing refiners from making explosive moves higher. 

Previously, I had thought that refiners were the quintessential "trade in their own" industry, typically ignoring just about everything and everyone and moving together up or down like a high school clique sitting in the corner of the lunchroom with their own code of behavior. 

But if energy truly does sustain a further snapback rally off yesterday's apparently failed breakdown attempt, it may further add fuel to the refiners' fire for a potential major bottom. 

Much like the Gypsy Kings, refiners can make great music under-the-radar of many observers who are looking at the flashier groups. Of course, it does hurt either that fundamentally-driven investors see value in the space here (e.g. @cirrusdriver on Twitter). 

I favor the DK and VLO charts here, and will discuss specific strategies for Members in my usual Midday Video now.