PSX (Phillips 66) remains strong with refiners and has risen incredibly, but is more RSI-extended than AI stocks, with ascending-channel resistance at 298 to 300 to watch for rejection. A hard fall requires oil to break lower and the diesel crack spread to compress; not happening yet, and it would bring 30% downside.

All right, a couple other stocks on my radar. PSX here. This is Philips 66. The refiners remain strong. These have been some of the most incredible moves up. They're priced even more at this point or extended via RSI than even the AI stocks are at this point.

So, these again, I'm looking at Philip 66. If this gets up to about the 298 to 300 level, huge ascending uh channel pattern with resistance right up here. Watch that very closely for rejection off of that.

At some point, these stocks are going to come down hard. But honestly, what it's going to take, it's going to take oil to break lower and diesel, more importantly, the crack spread, which is involved in diesel.

That's got to come in substantially. And it's not happening yet. When it does happen, these stocks have like 30% downside from where they currently are. I mean, just incredible downside. All right, so keep an eye on Phillips 66.