Thursday, October 9, 2014

"Energy Stocks Are Crashing As WTI Plunges Under $85"

After trading under $90 Brent is now $90.17. December WTI $85.03, Nov. $85.76.
From ZeroHedge:
Just yesterday evening, the exuberance was palpable (in stocks)... today, with WTI collapsing (under $85) to 18-month lows, Energy stocks are being monkey-hammered across the board (S&P Energy sector -4% from yesterday highs)...

As oil prices collapse...

and the curve flattens drastically...

So Energy stocks are in freefall...

But but but the Shale Revolution!!??
...MORE

Previously:
Options: "Transocean LTD Trader Bets Big On Steeper Losses" (RIG)
Chartology: "Energy- Worst performer over 90 days is on channel support" (XLE; ERY; XOP)

The ERY is up 22% so far in October. It is the triple levered inverse of the XLE.