CHK, CNX, SDRL - rising junk

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.


CHK, daily

CNX, daily

SDRL, daily

Summary

Suffice to add, powerful gains for many of those stocks which have been smashed lower since summer 2014.
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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.

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*no position, and I'm leaving such stocks well alone. Instead, I'll merely hold to shorting the main indexes from mid March onward.