Phillips 66 is moving higher as it hits official buy point.I bought PSX early, before the official buy point, because it's Relative Strength Line (RS) was moving up and buying volume was showing good accumulation (institutional buying). PSX is breaking out after an 8 month consolidation.
Phillips 66
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| Phillips 66 is an oil refiner. |
The oil refiners prices generally move inversely to crude oil prices. So, falling oil prices are a plus for the refiners.
Core Equities Folio
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| Bank of America, Phillips 66, Wellpoint Inc., Raytheon Co., Gilead, Apple. |
GWM Model Portfolios are 100% invested.
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