In my last post, I mentioned oil & gas leader Pioneer Natural Resources (PXD), a stock featured in my May 28th update that staged an incredible $21/share move in 12 days.

I mentioned that I featured other oil & gas stocks in my newsletter around the same time. So here’s the chart pattern Diamondback Energy (FANG) was forming when I featured it on May 25th. As you can see, its move paralleled Pioneer Natural Resources’ (PXD).

After hitting my buy point of of $74.41 on May 29, it has now soared 18%– much of this gain due to perceived oil supply disruptions owing to the civil that is raging in Iraq.

I welcome your comments.

–pj