Whilst the broader market saw a third consecutive day of gains, there was notable hyper strength in many of the energy/resource stocks. Chesapeake Energy (CHK), Consol Energy (CNX), and Seadrill (SDRL) settled powerfully higher by 26.2%, 9.0%, and 14.5% respectively.
Suffice to add, powerful gains for many of those stocks which have been smashed lower since summer 2014.
Broadly, the three listed companies of CHK, CNX, and SDRL continue to look in dire trouble, and I'd expect at least 1 of them to have filed for bankruptcy by June.
*no position, and I'm leaving such stocks well alone. Instead, I'll merely hold to shorting the main indexes from mid March onward.