Marathon Petroleum Corp MPC Daily - CCI +100 = BUY SIGNAL

MPC's last 3 signals show more upside potential than downside risk from the first time it gets overbought after a period of being strongly oversold. This "relief rally" or "Phoenix rising from the ashes" rally is an interesting setup. Emerging momentum is an interesting way to get on board and ride a rising tide. Clearly the best signal was back in October last year, but I like the odds here, especially as MPC has lagged the rally in the other oil stocks. Granted MPC is a refiner/marketer of gasoline, but the oil stocks tend to stick together and MPC has lagged.

SIGNAL = CCI reached +100 after being under -100 = SIGNAL TO JUMP ON BOARD

Tim MPC 90.05 last +0.44 6/23/2014 10:29AM EST