Valero is a favorite short; trading up about $1.50 pre-market into major resistance, extremely extended with negative divergences, due for a significant correction on a swing trade basis.
BearishHe framed it in weeks
“Dollar-Yen Collapse, Oil Keeps Pushing Into Key Jobs Report As Investors Trade Stocks, Gold, Bitcoin”
Verified InvestingPublished Sep 3 · 1 passage
Jump to any passage
1 passage
Uh, one of my favorite shorts remains Valero. Valero, which right now is trading up about a buck 50 pre-market. Look at this trend line here. And this is more of a swing trade, but Valero again uh into major resistance, extremely extended, starting to put in negative divergences.
Uh I do think that this refiner is due for a significant correction on a swing trade basis and I do have a position in this one on the short side with members of smart money uh stocks and ETFs.
What this channel has said about $VLO
Verified Investing has 2 calls on this stock; only the adjacent ones are shown.
2026-09-04Bearish
One thing I will say is you have refiners like Valero and PSX which have a massive crack spread right now and it's so ridiculous because they are literally printing money because the the the margins of this are so like what they're charging you and I to drive etc at the gas pump compared to what they're getting that oil for. Um it is massive right now. I do expect that to shrink after Labor Day and I have highlighted Valero as one of my favorite shorts here over the next couple weeks.
Quote at 16:00 ›2026-09-03BearishThis one
Uh, one of my favorite shorts remains Valero. Valero, which right now is trading up about a buck 50 pre-market. Look at this trend line here. And this is more of a swing trade, but Valero again uh into major resistance, extremely extended, starting to put in negative divergences. Uh I do think that this refiner is due for a significant correction on a swing trade basis and I do have a position in this one on the short side with members of smart money uh stocks and ETFs.