Web Extra: Is Energy Oversold?

Energy has been hard hit hard lately, and today was particularly painful. But Chris Verrone of Strategas was on CNBC’s Fast Money today, suggesting that the sector may be slightly oversold here.

We saw a large trade in $PBR, possibly betting it could revisit recent highs. Goldman reiterated a bullish view on gold, and we saw a large trade in the miners betting on a big move in $GDX. Will cyber security stocks get “hacked”? $HACK saw unusual bearish activity. We discuss.

 



 

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