What A Day To Own Oil

I got a lot of flack for going long oil the other week as prices were deflated. People were tossing out $SLB like it was a OTC pink sheet, all while yielding 7%. How about $APA? Right after the huge $APC deal and the fight for rights in the Permian Basin, $APA was thrown out in the trash can, at one point it was sub $20. These are two names I thought you had to buy, and today we were greatly rewarded. See my trade alerts in Exodus:

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As you can imagine our momentum screen is loaded with oil and gas plays after the day we had in the commodity, here is the screen at the close: CLICK HERE FOR CHARTS

From today’s screen, here are some charts to watch for Tuesday’s trading session:

The momentum screen has a few names worth watching today. $BLUE from last night’s hybrid list is moving well today, and so is $NFLX. $NFLX is finally seeing a relief rally after being beat down from a disappointing quarter and the AppleTV+ news. $APRN is another name from today’s screen that The Fly slayed inside the Exodus Trading room, see below screenshot:

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Here are the charts once again for $NFLX & BLUE:

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Today’s full momentum screen can be found HERE.

3028 is the recent high for the S&P 500, and I thought early on we might break through it. However, that would have been too easy, and the result may have been a failed high as the buying dried up late in the day. I like this setup better, a pause, then break. We could very well put in a doji candle tomorrow, which could give more fuel when we break to new highs. I’ve also heard talks of triple tops too. I’m ready for anything.

While we prepare for new highs, let’s get a fresh look at the hybrid screen. Today we have fewer results, but still a bunch to work with. For those that want to view the whole screen without filters, I’ve imported to finviz for your viewing pleasure: CLICK HERE

Charts are interest from today’s screen include:

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Note/disclaimer: I bought some $NVTA today. Let’s get some new highs.

The futures got started early this evening, and technicals are starting to point higher. The small caps are running like mad, and The Fly is trading them well inside Exodus. Our overall hybrid screen is littered once again with tickers, so let’s take a look at the screen for tomorrow’s trading session.

I’ve imported today’s full screen for non members HERE. If you have some time make sure to sort through the list, there are a some gems inside. For those with little time, I’ll highlight my favorite setups below:

The Apple event is taking place today, but it appears to be a non-event for $AAPL the stock. On the flip side, shares of $ROKU, $DIS, $NFLX are getting “REKT” on the news of a low price streaming service coming from Apple. It appears that Apple is coming for big share of the streaming business as it will be pricing the new TV service at $4.99/mo. Who is not going to sign up for that if you are already in the Apple ecosystem?

The iPhone 11, the new iPhone, is basically the iPhone XR rebranded with a better camera. You get wide shots, and slow motion selfies with the 11. The new phone will also start at $699, a relatively lower price point.

The company is also refreshing the watch, with new health features, and refreshing the iPad once again. Apple did announce that anyone who buys an Apple product will also get 1 year free of their new Apple+ service.

Update: There is also a new iPhone 11 Pro, which will have a higher price point and comes with a third camera. The Mickey Mouse jokes on Twitter ensue:

Apple iPhone 11 Pro – Sponsored by Mickey Mouse.#AppleEvent pic.twitter.com/2ceCODgtyg

— Josh Marley (@Josh12Marley) September 10, 2019

Iphone in couple of years.#AppleEvent pic.twitter.com/BZP370264z

— ᗩᖇᗷᗩᗩ乙㋛♥ (@Arbaaz_Khan007) September 10, 2019

iPhone 11 comes with a built in shaver!!?#AppleEvent pic.twitter.com/7DHXq0pC7q

— DarkBoy (@__Big_O) September 10, 2019

3 cameras of #iPhone11 explained!
#AppleEvent pic.twitter.com/qjcW60VNCa

— Chronic Eeelness ? (@Chronic_Eelnes) September 10, 2019

$SNAP: We're a camera company…..$AAPL: Hold my White Claw… pic.twitter.com/uv8etEdsCJ

— Justin Paterno (@zerobeta) September 10, 2019

You can stream the event on Apple’s website: Apple.com

The strength today can be found within the oil & gas industry as the commodity is up nearly 3%. We welcome this as we were watching for a breakout in the commodity last week. Today, $USO is on top of our momentum screen:

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$APA is a name I picked up last week, and continues to look ripe for a bounce higher. The ticker continues to hit our screens today:

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Outside the oil & gas industry, $FDX made today’s screen, as did $TEVA. Both charts are worth an eye here:

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For a look at today’s momentum names, in chart form, CLICK HERE FOR CHARTS.