With Oil closing higher for a second consecutive day, there was notable strength in energy stocks. Anadarko (APC), Transocean (RIG), and Seadrill (SDRL), settled higher by 4.2%, 3.6%, and 1.9% respectively. Near term outlook offers moderate hope of a key short term floor.
APC: Monday saw a spike floor from $44.50.. with some rather sig' Tuesday upside.
RIG: offering a double floor from around $12
SDRL: one of the very weakest oil/gas drillers.
Suffice to add.. energy stocks could bounce 20/25% in Jan/Feb' 2016, and it would do very little to negate the massive collapse wave that began in summer 2014.
Considering WTIC oil probably hasn't yet seen a key floor - the $20s still look feasible, and thus energy stocks will be VERY vulnerable for the entirety of 2016.