heikoscreens
Oct 28, 8:18 AM
$VLO $MPC $PSX $DINO $PBF refiners just had their worst day since the April 2025 tariff shock. Tuesday closes on my screener: VLO -9.2%, MPC -7.4%, PSX -7.0%, DINO -8.8%, PBF -8.6%. Small caps DK and PARR around -10.4%. Crude only fell ~1.8%, so this reads like crack spreads getting repriced, not oil. Cited triggers: peace-talk headlines out of Tehran and a Russian diesel cargo headed to New York under the sanctions deal. Quick Momentum flipped to Sell at Tuesday's open on MPC, PSX, DINO and PBF (VLO since Oct 19), VLO volume ~2x its 20-day avg. Still, 1Y is +106% to +134% for the big three and VLO trades under 10x earnings. No position. Start of the war-margin trade unwinding, or a crowded trade getting shaken by headlines?
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