Refining Stocks - Buy Refiners This Morning and Make Huge Gains By Lunch

This is just the beginning.

Refining charts look better than any other sector right now. Just take a look at this chart of Tesoro...

This is a perfect example of an ascending-triangle pattern. It's a series of higher lows followed by rallies that continuously bump up against the same resistance level. More often than not with this pattern, resistance gives way and the stock bolts higher.

I'm betting that will happen with the refining stocks. And I'm betting it will happen as soon as today.

You see, the weekly gasoline inventory results will be released today at 10:30 a.m. Eastern time. For the past three weeks, gasoline inventories have declined more than expected. And in each case, the refining stocks rallied.

I expect we'll see the same type of action today.

The Best Sector to Buy Today... Maybe

A Six-Month Trade for 40%

Admittedly, I've been bullish on refining stocks for the past few months. And we haven't seen much upside progress. But this sector is all but given up for dead, and no one is talking about its improving technicals and fundamentals.

There isn't any other sector that appears more poised for a rally. And I'll bet six months from now, you'll be slapping you're forehead and saying, "I can't believe I had the opportunity to buy those stocks at those prices."

The refining sector offers the best risk/reward setup of any sector I follow right now. You'll do well to consider an investment in one of the refiners.

Best regards and good trading,

Jeff Clark

Wal-Mart, Tiffany Want Green Gold
The Bingham Canyon open-pit mine is the biggest hole dug by man anywhere in the world – about 2 1/2 miles long and nearly a mile deep, according to its owner, Kennecott Utah Copper. Miners have been digging copper, silver, and gold out of Bingham Canyon, just outside Salt Lake City, since 1906.

It's the gold that Pam Mortensen has come here to see. Mortensen, 52, is in charge of buying fine jewelry for Wal-Mart. And recently she has moved the world's largest retailer to the forefront of a loose alliance of businesses and environmental groups that have set out to clean up gold mining, one of the world's dirtiest industries. Read on...

Luxury Brands Turn to Yachts
The widening gulf between the haves and the have-yachts has prompted LVMH, the world's biggest luxury goods group, headed by Bernard Arnault, to enter an exclusive agreement to buy Royal van Lent, the Dutch builder of Feadship customised motoryachts, which measure 50m or more.

Last week, Hermès, the privately owned luxury goods company, said it had formed a joint venture with Wally, the Monaco-based yachtmaker, "to conceive and develop innovative projects".
FT ($) Read on...

•	A few regional banks survive the storm... Hancock Holding, First Financial, S.Y. Bancorp, IberiaBank, ESSA Bancorp, and Suffolk Bancorp at new highs.
•	H&R Block finds a new high... the tax-prep behemoth is up 40% this year.
•	World's largest gold miner Barrick Gold hits 52-week low.
•	Construction giants Foster Wheeler and McDermott at new lows.

	Last	Change	52-Wk
S&P 500	1272.71	-0.38%	-14.55%
Oil (USO)	88.44	-0.84%	+55.84%
Gold (GLD)	78.82	-0.48%	+16.87%
Silver (SLV)	12.77	-1.33%	+4.76%
U.S. Dollar	78.03	-0.07%	-3.54%
Euro	1.45	-0.08%	+6.62%
VIX	21.68	+1.41%	-4.83%
HUI	309.57	-4.71%	-7.96%
10-Year Yield	3.70%	-0.05	-0.7

Company	Sym	Industry
Hancock Holding	HBHC	bank
Medivation	MDVN	biotech
Buckle	BKE	clothing
Suffolk Bancorp	SUBK	bank
Rock-Tenn	RKT	paper products
H&R Block	HRB	taxes
Safeco	SAF	insurance
Piedmont Nat Gas	PNY	utilities
Bruker	BRKR	medical equipment
Luminex	LMNX	medical equipment
S.Y. Bancorp	SYBT	bank
Heckmann	HEK	holding company
Steven Madden	SHOO	shoes
Volcano Corp	VOLC	medical equipment
IberiaBank	IBKC	bank
ESSA Bancorp	ESSA	bank
Sanders Morris	SMHG	asset management
First Financial	THFF	bank

Company	Sym	Industry
McDermott	MDR	construction
iShares Taiwan	EWT	ETF
Akamai	AKAM	technology
Diamond Offshore	DO	oil drilling
Nokia	NOK	telecom
iShares U.K.	EWU	ETF
Barrick Gold	ABX	gold
CS British Pound	FXB	ETF
Trico Marine	TRMA	oil services
Newmont Mining	NEM	gold
China Telecom	CHA	telecom
Anglo American	AAUK	mining
iPath Gas	GAZ	ETF
McClatchy	MNI	newspapers
iShares Thailand	THD	ETF
Novo Nordisk	NVO	Big Pharma
iShares Malaysia	EWM	ETF
Singapore Fund	SGF	Singapore stocks
China Mobile	CHL	telecom
Posco	PKX	steel
Corning	GLW	technology
Total	TOT	Big Oil
Aracruz Celulose	ARA	paper products
Foster Wheeler	FWLT	construction
China Unicom	CHU	telecom
Hercules Offshore	HERO	oil drilling
KT Corp	KTC	telecom
Macquarie Inf	MIC	infrastructure
Nucor	NUE	steel
Shaw Group	SGR	waste management
TDK	TDK	electronics
Unilever	UL	consumer goods
Petro-Canada	PCZ	oil & gas
Bunge	BG	agriculture
MV Gold Miners	GDX	ETF