Valero Energy (VLO) – VLO is a leading refiner stock that has pulled back near its 200 EMA and is starting to build momentum higher as RSI makes higher lows. The stock has positive seasonal history in December and January with both months up 6 of the last 10 years. December average returns of +2.6% and January has been stronger at average gains of +4.8%. Looking to see if VLO can clear back above its 21 EMA and monthly value low at 71 to open the door to a rally back to its YTD VPOC at 78. VLO has gained about 22% year to date and with crude oil and gasoline starting to base and form a bottom, the group could see more rotation as money flows into value sectors such as Energy. Options flows have seen recent bullish trades this week as just yesterday on 12/15 a size buyer for the January 2023 $75 calls at $6.10 for $1.6M. Also on 11/26 a large opening put sale for June $65 puts sold at $7.35 for $1.25M in premium collected.