GO
Loading...

Fast Money Chartology - Gas Spike Today

Thursday, 29 Mar 2007 | 8:46 PM ET

As volatility with gas, crude and jet fuel rises, what’s the trade? Eric Bolling pulls together some charts to illustrate what’s going on in this explosive sector.

Earlier today, on CNBC, Dylan and Eric spoke with the EIA’s Howard Gruenspecht, who said gasoline will rise from current levels as summer approaches. Gasoline was flat all morning, Eric says, and popped 500 points after the comment.

When gas is charted against jet fuel, they run in tandem. But Eric also put jet fuel in a chart against Continental Airlines (CAL) stock and – as one might expect – when one went up, the other went down. This trend was replicated with the totality of the airline sector when it was put up against gasoline as well as jet fuel.

Eric says he recommends selling the airlines and buying the refiners (he’s especially fond of Valero (VLO)).

  Price   Change %Change
VLO
---

Questions? Comments? fastmoney@cnbc.com

Trader disclosure:
On MAR 29, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Macke Owns (SWY), Strazzini Owns (MO), (NBG), (SNDK), (STM) Bolling Owns (NYX), (ICE), Gold, Silver, Is Short Natural Gas

  Price   Change %Change
VLO
---
CPT
---

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report

  • Jay Yarow, The Business Insider, and Steve Milunovich, UBS, discuss whether Tim Cook is to blame for Apple's drop in growth. I think it's pretty clear they missed the big phone market and overestimated the success of the plastic 5C phone, says Milunovich.

  • CNBC's Eamon Javers reports on Bill Ackman's stake in Allergan. Javers says this is a classic case of insider trading that is not against the rules.

  • FMHR trader Josh Brown thinks Dunkin' Brands looks fantastic technically, while Mike Murphy says investors are questioning the company's massive expansion plans.