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I sat tight for most of the day inside our trading room, 12631. There is very little on my watchlist, and I did not like the overall price action. Oil at $55 baffles me, it should in theory bounce at a strong level such as this, but so far nothing. I guess war is next.
Gold looks terrible as well, and made it as one of the worst performing industries on the day. I have no interest in the metal here.
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Some names on my radar from today’s hybrid screen include: GSAT, COUP, NOW, ANGI, & ZOES. But, nothing really stands out and says buy me. The energy patch still remains top focus for me, with a few names diverging from the underlying commodity. There will be some sweet gains to be had in the coming weeks, stay patient.
Here are some of today’s top individual hybrid movers:
RC we will survive for a better day!
indeed we will. I sense some epic trades to be had in the very near future.
I wonder if Putin is getting backed into a corner where he has to start a war to survive politically. Actually, maybe this just strengthens his in-country power, Russians are good at being poor. Gold down, oil down. It is so cheap right now to build something. What great economic conditions for new growth, so where will it come from?
lol @ Russians being good at being poor.
Great for Russian Bride market. Cramer expects higher quality pool of ladies.
Looks like it to me.
My 2015 iBC portfolio
OXY
GPRO
TWTR
FEYE
MOBI
” I guess war is next.”
RC channeling his inner Marc Faber.