ChevronSurprisingly, one of the names that's correlating the highest with the S&P 500 right now is oil and gas supermajor Chevron ( CVX). Just like the S&P, Chevron is trading in a very well-defined trend channel. The key difference is that the Chevron trade is further along; this stock is bouncing off of trendline support this week. That means it's time to be a buyer.
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