On Groundhog Day Stocks & Oil Relive their Misery

It’s Groundhog Day, so I suppose it’s appropriate for us to revisit old trends, ala Bill Murray’s reliving of the same day in the famed film of the same name. It seems like I might have had foreknowledge of the future, given the perspective I shared Friday predicting imminent oil price decline. It is panning out in a big way, as oil prices have reversed their recent bounce and are now testing OPEC’s put as I suggested. Stocks had broken out of their tie with oil, but seem today to be reunited in misery with their old master. See Groundhog Day - Stocks & Oil Reunited in Misery.

Sector Securities	02-02-16 2:00 PM ET
Vanguard Total Stock Market (NYSE: VTI)	-1.8%
SPDR S&P 500 (NYSE: SPY)	-1.8%
SPDR Dow Jones (NYSE: DIA)	-1.8%
PowerShares QQQ (Nasdaq: QQQ)	-1.9%
iShares Russell 2000 (NYSE: IWM)	-2.4%
United States Oil (NYSE: USO)	-4.4%
Energy Select Sector SPDR (NYSE: XLE)	-3.1%
Financial Select Sector SPDR (NYSE: XLF)	-2.8%

DISCLOSURE: Kaminis is short USO. Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only. Article interests energy investors including Exxon Mobil (NYSE: XOM), BP (NYSE: BP), PetroChina (NYSE: PTR), Petrobras (NYSE: PZE), Royal Dutch Shell (OTC: RYDAF.PK), Total (NYSE: TOT), Chevron (NYSE: CVX), Repsol (OTC: REPYY.PK), ConocoPhillips (NYSE: COP), Eni SpA (NYSE: E), Sasol (NYSE: SSL), Encana (NYSE: ECA), Suncor (NYSE: SU), Imperial Oil (AMEX: IMO), Statoil (NYSE: STO), Cenovus (NYSE: CVE), Transocean (NYSE: RIG), Penn West Petroleum (NYSE: PWE), Continental Resources (NYSE: CLR), Noble (NYSE: NE), Concho (NYSE: CXO), Diamond Offshore (NYSE: DO), Ensco (NYSE: ESV), Whiting Petroleum (NYSE: WLL), Nabors (NYSE: NBR), Pride International (NYSE: PDE), Helmerich & Payne (NYSE: HP), QEP Resources (NYSE: QEP), Enerplus (NYSE: ERF), Rowan (NYSE: RDC), Cobalt (NYSE: CIE), Patterson UTI (Nasdaq: PTEN), SandRidge (NYSE: SD), Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), National Oilwell Varco (NYSE: NOV), Baker Hughes (NYSE: BHI), Weatherford International (NYSE: WFT), Cameron (NYSE: CAM), FMC Tech (NYSE: FTI), Oil States International (NYSE: OIS), Superior Energy (NYSE: SPN), Carbo Ceramics (NYSE: CRR), Helix Energy (NYSE: HLX), Pioneer (NYSE: PXD), CNOOC (NYSE: CEO), China Petroleum and Chemical (NYSE: SNP), Ecopetrol (NYSE: EC), Canadian Natural Resources (NYSE: CNQ), Apache (NYSE: APA), Anadarko (NYSE: APC), Devon (NYSE: DVN), EOG (NYSE: EOG), Chesapeake (NYSE: CHK).