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As we all know, the major stock indexes such as the Dow Jones Industrial Average, and the S&P 500 Index are in a confirmed correction at this time. The major stock indexes in the United States have all fallen by more than 5.0 percent since topping out in mid-January. Traders and investors that are looking for stocks to buy should look for stocks and sectors that are showing relative strength when compared to the major stock indexes. One sector that has shown strength in the near term has been the large natural gas stocks. Some of the leading stocks in the sector include Cabot Oil & Gas Corporation (COG), Chesapeake Energy Corporation (CHK), Southwestern Energy Co. (SWN), and Devon Energy Corporation (DVN). All of these stocks mentioned are holding up well despite the recent downturn in the major stock indexes. Traders can watch for near term daily chart support on Devon Energy Corp (DVN) around the $56.00 level. This is an area on the chart where the stock should find institutional sponsorship. The $56.00 level was also an area where the stock broke out in August 2013. Often stocks will revisit their breakout levels before rallying higher again. Nicholas Santiago
