Energy Strengthened 2023-03-01, still room to strengthen for each sub-industry
This is relevant because the short term turns into the long term. One never knows when an up/strengthening week will become only the first of many. One can only act upon what is happening in the present. Your protection against being catastrophically wrong is to use appropriate position sizing and management discipline to limit losses and be able to come back strong to fight the market another day. But one cannot be materially right unless one is willing to take the chance to be wrong. In short...
Some questions
Why is XOM stronger than CVX?
Why is there such a variation in the strength of Independent Oil & Gas? I'm sure there is a reason but such is unknown to me. The number of strongest sub-industry firms is half the number of the weakest, with the remainder spread out over the strength scale.
Equipment & Services stands out as stronger among the sub-industries and the number of strongest firms is much higher than the number of weakest firms. Why does this sub-industry appear to be feast or famine?
Refining & Marketing is the strongest of the sub-industries. Note that the two best performers PARR and PBF were already strong prior to this strong week. What would make DK and MUSA the weakest in this sub-industry? Are they going to get drafted up by the others or is there a fundamental reason for their clear comparative weakness?

Downloadable detailed reports
Detailed stock-by-stock strengthening scores are available in the file linked below.
All energy stocks:
Strongest energy stocks:
Weakest energy stocks: