Mark Newton from Tom Lee's shop is saying oil can touch below $50 and then rip back through the first quarter of 2026. I can add to both SLB and XLE call positions as needed.I wasn't paying attention the last couple days, I'm down 6% like that.
I bought some DVN as well, also down on that, but it is bouncing a little nicer today.
The downside moves didn't break the upward trend, yet at least. Charts still look productive.
I have room to add to SLB so I probably will.
Any thoughts on RACE? Pretty nice dip recently. I assume rich people are still going to want rich people things.MRNA again trying or a breakout. $31. Resistance ahead. Needs to fight it's way to the upper $30's..
The gas engine will power an electric generator, providing a range of 700 miles, which is amazing. Yes, the sales are expected to be made up by the hybrid. EV sales fell off a cliff.Surprised RIVN didn't get a bump from F discontinuing the EV lightning.
Maybe the market thinks the Ford hybrid pickup will take those Lightning sales?
Or maybe RIVN's run up this year was in part due to the market seeing the Lightning's days were numbered.
Chart heading the wrong direction right now.Any thoughts on RACE? Pretty nice dip recently. I assume rich people are still going to want rich people things.![]()
Ya, WTI def looks like it's heading lower. Wonder what the rational is for bouncing at $50.Mark Newton from Tom Lee's shop is saying oil can touch below $50 and then rip back through the first quarter of 2026. I can add to both SLB and XLE call positions as needed.
Tom Lee is also citing the energy sector as overweight for 2026. Let's go!!!
ORCL starting to look like a screaming buy (or add) on all this FUD. Seems like Blackrock will just step in for financing as needed. So.....Blue Owl walking on a $10B deal with ORCL to build a data center.
ORCL down on the news, but I feel like they are being punished for something the market didn't want it to do anyways. Am I reading that right?
I saw $154 as potential support level.ORCL starting to look like a screaming buy (or add) on all this FUD. Seems like Blackrock will just step in for financing as needed. So.....