Energy stocks are getting hit hard this morning, particularly Vistra and Constellation Energy.
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00:00I do want to get to disaster sector of the day here and it's going to be energy and VST and CEG
00:07specifically here because they're really getting hit hard here now. CEG trading down nine points,
00:14was trading down last night. Bistro, these have been darlings of the market, coming off hard here,
00:20it's down six percent VST. Headline is Google and Amazon, Microsoft Meta fighting a proposal
00:27by an Ohio power company to significantly increase the upfront energy costs they'll pay for their
00:32data centers. So they want cheaper energy. So this is where American Electric Power Ohio,
00:40and this is getting, you know, obviously now talking and moving into other stocks in the
00:45energy sector here as well. I know if you want to look further, Public Services Energy Group, PEG,
00:51that's down significantly as well. So we've got some significant selling pressure here in
00:57nuclear specifically and CEG and VST as well. I mean, we talked about those historical moves
01:03in the utilities. I mean, just way like far-hamsy, like how many Sigma out are you out on these? So
01:12I just looked at the CEG. I mean, you kind of got two warning shots in the last three days,
01:18those big, thick red candles. So that's a little bit of a warning, three red candles in a row. I
01:24mean, with these kinds of things, I mean, you hate to have to sell in the weakness, but like,
01:30if you want to lock in some profits, you, you know, you're going to have to sell in the weakness
01:35lesson today's session. I look at the, just technically I'm looking at the area here in
01:40Vista, let's call it 114 and change 115. You had multiple lows in that area. Maybe some people that
01:47are stuck on shorts. We'll look at that. CEG also that's trading down, nothing here. Your next
01:55daily low comes in at 5128. You did breach that in the, in the pre-market. So see if the bulls
02:01defend 250. Also I saw there was extraordinary option buying activity yesterday in these stocks.
02:09So someone got a little bit carried away here on the call side. And sometimes that can be
02:16a tipping point, but these XRU, I mean, we talked about this, these kind of this move that it's had
02:23what, this is a lawsuit. What happens to lawsuits? Well, lawsuits go to court, whatever happens,
02:28it takes some time, but the immediate reaction knee jerk reaction right now is to hit the sell button.