Marathon Petroleum Corporation (NYSE:MPC)
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- champ: $PSX is moving $MPC $VLO $XOM $CVX and others....and N-gas is also helping,.... that sector out also today, $KMI $BOIL $LNG........ .....$XOP there are a lot of Trades going on.
- champ: $KMI $BOIL ...N-gas is now-up over 11%..and will this HOD,....hold at $2.1239...and I sure don't know what those large commodity traders are going to do.....however $BOIL has room to climb and my stop also has room...... ....and Day-1 isn't over until its over..... ...$XOP $XOM $CVX $MPC $VLO and Traders are very active........
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debeers: ...
$MPC-My pick in the oil space not only for profit but takeover as well in the most oil rich spot
$MSFT-no matter what Mr. Softee comes through--ask @Henry both of us have had this forever
$NVDA-if it weren't the best one, I'd be in another. Obey @D ... - debeers: $AAPL, $ANF,$CRWD, $GS, $LLY, $MPC, $NVDA, $NVO- These are mine LONGS ALL.
- woodman: $VLO $MPC $PBF $DK - some refiners that pulled back are consolidating at their 50 days. See also $OIH (oil services broadly - same thing). $PSX fell through its 50d on Friday, though.
- DrScience: $VLO is pulling back after making a new high yesterday at 171.85. Mizuho Securities made calls on the major refiners this morning. They maintained a neutral stance on $PSX, $MPC, and downgraded Valero to Neutral with a PT of $173. This could take some wind out of the sails for further upside in the short-term. I'll take the 28% run over the past month, and consolidation in the $165-175 range is the likeliest scenario into EOM. I'm sitting on MAR 28 180/190 BeCS, APR 19 160/170/175 Call BWB (Broken-Wing Butterfly), and MAY 170/185/200 Call Butterfly as we move into Spring and toward the summer driving season, which officially kicks off on Memorial Day, May 27th.
- stairm01: $NRGU A leverage energy stock that its holdings are divided 10% equally into 10 energy stocks. $CVX $COP $DVN $EOG $XOM $MPC $OXY $PSX $PXD $VLO I entered this morning at $433.60. Stop at $439.65
- traderbren: $MPC - looking constructive here with a move above the 50d...but let's see if it can clear the 8ema overhead.
- Nepenthe: $MPC Been watching for awhile. Good volume yesterday, pinching BB's, weekly and daily resistance at around 159, moving averages bunched together. Wish I had taken a starter yesterday. NP. Cheers.
- normr: $MPC - Low volume breakout after ER beat and raised dividend yesterday. Long.
- champ: $VLO $MPC $PSX $PBF $DK....these are working today, off of the spreads, however they also fell-back.
- DAN: MY NOTES: SS 092223 $SPY -- Trade what your eyes are telling you. $DIA -- ditto $COMPQX -- This is an obvious reversal pattern. Watch 13,200 $NDX -- 14,600 support $IYT -- No joy in Mudville here. $MDY -- Brutal $IWM -- Brutaller $T2108 -- 23% above 40 dayma. Not good $T2107 -- Lower lows. Active Trade Ideas -- not too many are “active.” Don’t let ‘em become radioactive. $ALSN -- Holding at 50-day MA. $COP -- Stopped at 119.50 yesterday for a very small loss. $FANG -- Stopped at 151.70 for small gain. $GOOGL -- Stopped out yesterday. $LPG -- High volume breakout. $MA -- Stopped out for $2.40 loss $SPOK -- Stopped out yesterday on a big reversal. Down again today. 3 down days is not buyable here. $UBER -- Stopped at 45.50 $WFRD -- Holding at 89.95 stop. $MPC -- Weekly looks good. Daily…not so much.
- normr: $MPC - MPC breaking out. Started small yesterday.
- woodman: @Pard $PSX - Refiners doing well. Breakouts in PSX as well as $PBF $DK $VLO $DINO $MPC
- champ: $DK $VLO $MPC $XOM $HES......could check these out also.
- debeers: @normr $MPC - good for you. i waited for the wells official overweight for the okey dokey and got it at 4am my time today
- Robert1965: @champ $DK $VLO $MPC $XOM $HES Been Watching $DK $VLO have you any positions in these?
- champ: @Robert1965 $DK $VLO $MPC $XOM $HES.....No however I'm watching for energy sector to let me in, I don't have a problem with chasing but I need a little room to sneak-in....I'm only holding $CVX and $PBF...
- Henry: $MPC A Farmer Jim pick edit, sorry I looked at wrong chart, no BO. I still have a bad taste in my mouth from Molycorp. an extinct precious metals stock np
- Henry: $MPC new 52 wk high
- champ: $DK...HOD and they are the % leader in their sector today....$PBF $HES $MPC $VLO...
- scottrades: Some earnings to be aware of next week: $AAPL $SOFI $AMD $NCLH $UBER $SHOP $PFE $F $ON $AMC $SQ $CVS $YUM $ANET $QCOM $COIN $DKNG $ALB $CHKP $BP $BUD $DDOG $MRNA $ET $RCL $SEDG $ACMR $SMCI $MELI $GPN $SBUX $CNA $MGM $MAR $WBD $RIG $PK $MPC $FANG $EPD $NVO $PTON $STNG $FUBO $LNG $AMG $CAR $WEC $LYFT $LUMN
- champ: $MPC...#Marathon-Petroleum is also hanging around HOD.
- champ: $NBR $MPC $XOM...I'm holding these Energy position...and I'm trailing.
- champ: $MPC....#Marathon-Oil....is HOPD....nice move, off of a new Upgrade....however always have to remember that Everything is zigzagging/dancing around.
- normr: $MPC - I am waiting for a retest of the 50 day sma and will start back very small. Lots of overhead resistance from yesterday'd dump
- champ: $MPC...HOD...up $7.00.
- RiccardoB: $MPC now you know! If that’s not a signal to get in ( stop lod ) i don’t know what a reversal is .
- champ: @RiccardoB $MPC...Yes these are moving...also $VLO and $PSX.....Day-trades are not all that bad, however Swinging Full can be, like striking-out with the bases loaded...and thats not a good feeling.
- champ: $VLO $PSX $PBF $MPC $GUSH.....they sure look positive....and if we only knew, what to do.....plus you would sure think, that they would be seasonal....RHRN, I would think. ......I think I can, I think.
- champ: @champ $VLO $PSX $PBF $MPC $GUSH ....Looks like Timing....also Looks like Rotation.....sure Need to Pay-attention..... .......Warren sure likes $OXY.....Buffett added.
- normr: $MPC - Above 50 dma, 21ema and a trendline acting as resistance consistently from 3-3-23 high. Bought back a small position I sold 3-14-23 using Dan's 1% rule.
- joelsg1: $MPC Out.
- joelsg1: $MPC Bad sale yesterday as it bounced off 20d, back in first thing with staggered stops but now half hit on the way out.
- joelsg1: $MPC Closed Dec. $120 calls for small loss.
- Docoof: #Refiners They’re rocking. $MPC NH $PSX NH $VLO $PBF
- Roadrunner: @Docoof $MPC $PSX $VLO $PBF #Refiners exdividends week
- Docoof: $MPC ATH
- joelsg1: @Docoof $MPC Yessir!
- joelsg1: $MPC Per Reuters, ran refineries at 98% last Q, will do 93% current Q down slightly due to maintenance. More Big Bucks coming. Long and looking to add next week.
- Docoof: @joelsg1 $MPC Good info. Thx.
- Robert1965: $shel $MPC $VLO $PSX Got this in email U.S. Energy Dept Says Strategic Petroleum Reserve Oil Contracts Awarded To Marathon, Phillips 66, Shell And Valero; U.S. Energy Dept Says Equinor And Macquarie To Also Receive Strategic Petroleum Reserve Contracts
- joelsg1: $MPC Early on yesterday's calls, should have waited to buy until 3rd day post-E (Aug. E) to 6th day (May). Will add then, depending on market.
- drmike54: @joelsg1 $MPC Instead of $MPC try $MPLX when it pulls back. $2.82/yr dividend. Marathon's pipeline Wouldn't buy it here (at the top of the range). But below $30. a great buy and hold investment in this market environment. An MLP so the tax consequences get a bit confusing/complicated.
- joelsg1: @drmike54 $MPC $MPLX Your last sentence killed it for me, had a ton of tax reporting trouble previously. Though that 9% yield...Thanks.
- Docoof: #Refiners $MPC Reported pre. New Hod/ATH.
- joelsg1: $MPC Opened Dec. $120 calls. BO after great E this am.
- Docoof: #Refiners $MPC New ATH pre. $PBF New 1-yr high pre.
- Docoof: @champ $DK #Earnings #pre-earnings FWIW, BofA has been pushing its top pick refiners on practically a daily basis: $PBF, $VLO, and $MPC—in that order. Edit: $PBF New 1-yr high today.
- champ: @Docoof $DK $PBF $VLO $MPC #Earnings #pre-earnings....Yes and I go back on this stock $DK and $PBF....over 10 years or more in the forum. LOL
- champ: @Docoof $DK $PBF $VLO $MPC #Earnings #pre-earnings.....and $PBF hit $54 in 2018 and they will be reporting earnings on 10/27......NP for now but watching....however I'm holding size in $DK, I'm a believer.....could back-up the Truck. LOL
- Docoof: @champ $DK $PBF $VLO $MPC #Earnings #pre-earnings Thanks, champ. Your input is always helpful and appreciated!
- lil_nicky: @Rockstar I have a Oct $105 Call for $MPC that I purchased on the breakout date 9/28. It is profitable now. Not sure if I should close it today
- Docoof: @Roadrunner $VLO Refiners: $VLO $DINO $PBF $MPC up today
- Docoof: #Refiners Refiners have been weak and are weak today: $PSX $MPC $DINO $VLO $PBF $DK
- Docoof: #Refiners #Oil BofA, tonight around 11:00 pm EST, put out a research report in which it raised the PTs of all its Buy rated refiners. I am incapable of providing a summary of it except to say that BofA believes that the EIA’s (Energy Information Administration’s) reports are imprecise but the market is taking them as definitive. Thus: “So, it seems clear to us that the weekly data is the EIA’s attempt at an approximation. In our view, it is neither precise nor comprehensive – but it nevertheless is treated by the market as definitive. . . . As such, we think the market should recognize the EIA weekly data for what it is - an imperfect estimate that surveys <50% of the physical production in the market.” $VLO $154 to $158 $MPC $130 to $135 $PSX $124 to $127 $DINO $62 to $64 $PBF $43 to $44 [Neutral Rated $DK also raised — $34 to $35]
- Docoof: #Refiners Looking good. $VLO $MPC $PSX $DINO $PBF (I own $VLO and $PBF)
- woodman: Keep an eye on #Refiners. Several have been basing and are testing resistance (tops) of the basing area - see $VLO $PBF $PSX - or are moving out of their bases - see $MPC $DK $DINO.
- woodman: @Docoof $PBF - a number of the refiners have this look to them. See, e.g., $DK (mentioned by @champ above and which I also have; reports tomorrow though), $NGL (needs a push to get above the 50d but worth watching - np), $PARR (has moved above the 50d - np), $MPC (same - np). Others too, but be careful as some of these refiners are wobbling/possibly failing around a major moving average area. Good luck and good hunting.
- Roadrunner: $MPC ER knocked it out of the park $RIG premarket is jumping over 50 and 200 day
- scottrades: Some #earnings for the week: $AMD $PYPL $DVN $ON $OXY $UBER $SOFI $CAT $BABA $AMC $BP $SQ $PINS $K $ABNB $JBLU $FANG $BLDR $MRO $DKNG $UAA $CROX $MRNA $DDOG $MPC $ARLP $ET $ATVI $SBUX $GPN $MOS $COP $WBD $CHKP $AMG $FUBO $LCID $MAR $LIND $CVS $RNGR $HOOD
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DAN: ...
$MPC -- testing the 200-day MA
$SUN -- death cross. Rallies are shortable…but this is relatively thin, trading around 300k/day..
$PSX -- Decisively below 200-day MA. Any rally is shortable.
$VLO -- Falling to test 200-day MA
$XLE -- Energy ... - debeers: $CF/$PXD/$MPC/$MTDR/$VLO/$YINN-all shoud energize your portfolio. Enterprise, not consumer tech should lead out erat demonstrandum est.IMO
- champ: @manrodmar10 ...$MPC $VET $LNG $XOM $DQ....nice positions, I would need to do a walk around...before I would take full profits....however could take 1/2 off...
- manrodmar10: @champ $MPC $VET $LNG $XOM $DQ thank you!
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DAN: ...
$MPC -- good trade. Now falling back into the channel.
$DQ -- Still holding up ok…but just extended. Stop below $59. Alert $59
$BMY -- Good to get out. Stagnant.
$WEAT -- Good trade for us. Now it’s just drifting
$HES -- STill trend ... - jonwest88: @DAN $ARKK $SPX $DJI $DJT $QQQ $XOM $APA $LNG $SBLK $GOGL $MATX $ZIM $EGLE $FLNG $PSX $VLO $MPC $DQ $BMY $WEAT $HES $LYB $T We do not see any stocks in the ATlist.
- Docoof: @DAN $ARKK $SPX $DJI $DJT $QQQ $XOM $APA $LNG $SBLK $GOGL $MATX $ZIM $EGLE $FLNG $PSX $VLO $MPC $DQ $BMY $WEAT $HES $LYB $T In reference to your note, just mentioning $CRAK, Oil Refiners ETF. Also, best performer (YTD) Refiner: $PBF.
- DAN: Taking profits on Marathon Petroleum ($MPC). The position is up more than 21%. I think this is due for a rest, so I am taking profits. In such a crappy market, I'll take 21% any day of the week. --Dan
- vcondry: @DAN $MPC thanks for the killer pick. i didnt get the whole 21% but 17% sure helps!
- champ: @vcondry $MPC....When something starts looking really good...be Aware, that it might be time, to look-out....
- DAN: @vcondry $MPC Nice job, vcondry. 8-) Congrats!
- joemaurno: @Pokersmith $MPC Appreciate your feedback. Happy trading!
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DAN: ...
$MPC: Currently protected by a stop at 95.20. Consider raising the stop on part of your position to 105.80. This gives you breathing room on a great trade to let the position run longer, and for bigger gains.
$ARCH -- Finally, this lazy dog moves. ... - MmaxX: @DAN $MPC $ARCH $GOGL $XOM $APA $EGLE $DQ thanks for this, the video link is not working for me though.
- joemaurno: I heard @dan mention the stellar performance of $MPC on the June 3 w/e update. It's up 14% from his recommendation at 92.74. I love it but don't wanna be a Johnny-come-lately. Any thoughts?
- Pokersmith: @joemaurno $MPC Don't buy less it pulls back to 10 week ma, imho...but definitely keep it on the watchlist WITH alerts ☝
- DAN: My Notes: SS 060322 FiF: Here’s the latest on $TSLA $SPY -- Very uncertain market participants. Nobody has strong conviction. Volume is low…and it will get even lower. $QQQ -- still in steep decline. $XLE -- Only good news that I see. $TAN -- $DQ was the right stock to buy…so far. $TSLA -- Failed at $800. High volume selloff today. Triple the $QQQ decline. Active Trades: $MPC - 92.74 - 78.23 - 2022-05-03 - 95.20 $ARCH - 166.32 - 141.82 - 2022-05-11 - 147.50 $GOGL - 13.32 - 13.23 - 2022-05-03 - 13.90 $XOM - 88.33 - 87.86 - 2022-05-03 - 91.00 $APA - 42.95 - 42.63 - 2022-05-06 - 44.80 $EGLE - 69.75 - 67.61 - 2022-05-20 - 63.65 $DQ - 54.25 - 53.91 - 2022-06-02 - 49.90 Solar: $TAN -- Still working. $DQ -- up the most today. It was the right stock to buy
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DAN: ...
$MPC - 92.74 - 78.23 - 2022-05-03 - 95.20 Still going
$ARCH - 166.32 - 141.82 - 2022-05-11 - 147.50 Holding support at 50dma
$GOGL - 13.32 - 13.23 - 2022-05-03 - 13.90 Holding the pennant
$XOM - 88.33 - 87.86 - 2022-05-03 - 91.00 Tightening
$APA ... - DAN: Raising the stop on $MPC Basis 92.74 New stop at 95.20 to lock in a very small profit. --Dan
- debeers: @bilipi $MTDR $MPC is easier but $MTDR for siummer driving is the pleasier.................
- bilipi:
- debeers: $AAPL-l-just a skosh-enough to get my attention and not enough to be ruinous$BX havng a wonderful time soliciting wealthy Europeans/ $CPRI luxe lives and it reports next week/ $GNRC-small since its pricey/$HD for the contractors and the coming weathe ...
- debeers: @bilipi $AAPL $BX $CPRI $GNRC $HD $LLY $MAR $MPC $MPWR $MTDR $ULTA -well your check to me didn't clear............seriously, i try to do due dil and when the market veers i reduce some holdings but once the fundies are done, i rarely completely sell out. My big mistake this week was taking all the profits out of $ULTA and honestly it was because, even though i did allo the due dil, i felt guilty about all the money it made so i corrected it.
- debeers: @bilipi $AAPL $BX $CPRI $GNRC $HD $LLY $MAR $MPC $MPWR $MTDR $ULTA -never abandoned $MTDR added a glorp at 49 for fundamental reasons. i have no idea what the chart looked like then.............
- rmacron: $AR $EQT $OXY $VLO $MPC #trades. Been trading energy stocks successfully for the past several weeks. Just completed a nice trade today on $OXY. Waiting for some PB as these stocks are somewhat extended. Good trading wishes to all!
- bilipi: $PSX $CVI $MPC $DK $COP $SD these are all along their 8EMA . If you see something interesting shout it out , we'll work on it more and get it out to the group .
- debeers: $MPC-wnner winner chicken dinneer.
- debeers: @bRobert $XOP -have the $MPC and $XOM
- bRobert: @debeers $XOP $MPC $XOM I have been holding $XOM leaps since $30 Just rolling them up and out on their one year anniversary
- bilipi: $MTDR I've got the bull by the horns but no @debeers as backup ... I think she jumped this ship for $MPC I'd suggest I could take partials into the spike but I'm seeing other traders going longer on these ... ( this is the SWING risk decision ... what risk do I carry over and what may I stand to either gain or lose in the process ? Swing risk ... is part of every trade you carry into the after hours including investments .)
- woodman: #Refiners still look good: $BPT $PBF $VLO $PSX $CVI $MPC
- bilipi: @woodman $BPT $PBF $VLO $PSX $CVI $MPC #Refiners I'll do these charts tonight and send out the notes : grats
- champ: @woodman $BPT $PBF $VLO $PSX $CVI $MPC #Refiners...and $DK is another one to look at.
- bilipi: @champ $BPT $PBF $VLO $PSX $CVI $MPC $DK #Refiners gottit ... send them in . I'll try to find some technical aspects or entries that can help folks along the way . thank -you
- woodman: @champ $BPT $PBF $VLO $PSX $CVI $MPC $DK #Refiners - DK nice one too, Champ. I'm currently in $BPT and $PBF. I think you already may have PBF. Very orderly uptrend with ~20d support.
- debeers: $HSY/$KO/$LLY/$MPC/$MRK/$ZIM-Like the $MPC a lot and think it will have better margins than the integrateds. The rest never gave me a problem today because pharma is not goin g to let anyonme control their pricing power imo.i was going to sell the ZIM but they dont miss. and regardless of the color here--they actuallhy finished a skosh up.
- bilipi: @debeers $MPC ... these are always short chart entries because it never quits going up . There's a ceiling of resistance well formed above with the 8EMA as S1 ... I'll scope out and plan an incremental entry for myself and send it out .
- DAN: Stop Adjustments: $MPC -- from 85.10 to 89.50. This cuts our risk down while still keeping the stop below the extension of the 50-day moving average. I'm taking into account the time that will pass over the next few weeks. $ARCH - No change. Still at 147.50 $GOGL -- No change. Still at 13.40 $XOM -- Raised from 82.70 to 85.30. $APA -- No change. Still at 38.95 $WEAT -- No change. Stop remains at 11.45, which is break even and takes the risk out of the trade. $LLY -- No change. Still at 279.25 The breakout looks like it has some legs. $AVGO -- Stopped out. There are in negotiations to buy VMWare ($VMW). That's always gonna create selling pressure. $EGLE -- Stop remains at 63.65 See you in an hour. Training Session Link: https://us02web.zoom.us/j/86989804351 --Dan
- woodman: #Refiners $VLO $DK $MPC $CVI $PBF $BPT still in uptrends.
| Stock Price | $155.36 |
| Change | -1.13% |
| Volume | 1,256,930 |
Marathon Petroleum Corp is a supplier of gasoline and distillates to resellers and consumers. It's refining, marketing and transportation operations are concentrated primarily in the Midwest, Gulf Coast and Southeast regions of the U.S.
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