Add CVX to the Long Side

I've been waiting, patiently, for a Buying Opportunity in our new Global Energy Analyst, Fernando Valle's, Long Ideas...

Coaching Notes:

1. While the broad US Equity indices are signaling lower-highs now (see RTA from this morning) and that keeps me off the BUY button by and large... 

2. I will keep adding to my winners (see this morning's Early Look Strategy note on how I execute on that, it's titled "Ride Your Winners"), however, and those are largely Commodity & Energy specific (Fernando ideas) Longs

3. SPX Refreshed Risk Range continues to breakdown intraday = 5101-5237

I'd be buying more XLE and AMLP here too,

KM