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Basic Materials May 16 (LYB, ECL, MOS, DOW, DD, SMG, SHW, IP, BASFY, RIO)

Barely. I don’t know. Let’s kind of check this out on the weeks. This is kinda like right in the middle of everything. Although it did find support. Look at this on our week. When we go to the weekly chart, it found the support. So we’ve doubled tapped this in the last two weeks, right?

My fear for Scott’s milk or grow is it’s trying, it’s gonna start dicking her earth, excuse me, gr gyrating around for the next two, three weeks. We’re starting to squeeze. I don’t think that it wants to drop all the way back down to one 85. It does not really telling me that, but it does want some time to kind of let our moving averages go up. If that makes sense. Let’s look 10 years. Yeah. Cause on the monthly we’re way, extended on a monthly. So I see us just being a dead fish in the water for a while. I mean, it’s, it’s moved significantly. If it were to stay between the two 24 and a two 49 for two weeks, three weeks. I don’t see any problem with that. I see us going back into a squeeze and kind of let’s look for the next couple of weeks. This lines, the 50 or the hundred day moving average is going up. But the, on the rest of it, everything else is overextended. I would like to give this a little bit more time. We’ll recheck with it next week. Sherwin Williams, One two, three, four, five. So yeah, this is what I was saying last week and it be careful. We’re really close to some sort of resistance look above and fail. Got rejected. And we were right back where we were last week. I mean, it’s like we didn’t even have last week. Didn’t even matter. I S I say up, up in a way I do, however, Okay.

I wanted to say up in a way, on the other side of this green line. So if next week it holds this green line, it doesn’t have to make a new high, just if it even gets to two 89 77, then I’m, I’m looking to be a buyer International paper. Now come on, man. I know we bought some IP.

Yeah,

No, we do not IP. It’s above one, two, three, four, five. It’s above it got destroyed, but it Beautiful, beautiful. We’re going for it. I P we can even,

We can shorten the time. Maybe not 64 would be target 64, 57 with a longer target of 68. This is a little overextended. I would like to give it the gift of time, just in case it does pull back a little bit. So 12 days is not enough. 61 days 60. I was like, I liked this. I liked it. I locked this a lot.

And I’ll tell, explain to you why it’s really cheap. You’re paying. I know you were in Blackwell, Eric. You’re, you’re $5 out of the money, but you’re 61 days out of the money. So if we were to get, and this is a gamma play in a sense, another one who’s gamma plays. If we get a high trajectory, kind of like this one, just boom hits up high mind you. We had two of them, but volatility goes high. If we have one good day or maybe two good days of pushing strong, then that’s going to force this up to be like a dollar and 50, just because you’re getting closer. If it can get to 64 or 75, cause look, look, we’re looking at 67 50 with a main Lorengau target of 68, 22. So we’re paying basically 50 cents for an extra 22 of profit. Well, basically, I don’t know if that made sense. We’re paying. If we can get it for, if we got it for 60, then we’re basically paying or gaining 10 cents at 75. It’s basically a break, even trade. If it closes on the day at 68, 22, but I’m willing to bet that if it makes any moves, it’s going to make it before then. And if it has one grand day, then it’s going to boost our gamma.

So we’re looking at I P July 67, 50 B a S F we do not have options. However, This is all over the place. And I have nothing to say. I’m not going to say it’s negative. Not gonna say it’s positive. It is all over the place, But I mean, realistically, If you want to buy a stock, but our stock only $20

Rio Tinto.

I see. So I caught this perfect. I mean, literally perfect. However, I screwed all the money up by not catching the market. Perfect. So I was a little frustrated this, if it can hold this again again, again, let’s do it. Let’s get ready. Cause it dropped what almost 10 points. I mean, Monday, Tuesday, Wednesday. Well, wait a minute. Monday, Tuesday, Wednesday, Thursday. Nope. Monday, Tuesday, Wednesday, Thursday, Friday, Monday, Tuesday, Wednesday, Thursday, Friday. So it looks like a lot happened, but realistically you’re in the same spot. You were two weeks ago, like literally same spot. You were two weeks ago in a little bit better position because you are holding the three eight two extension, which means, I mean, right here, get back into Rio Tinto. I would say yes in the June. I would change my mind and say no, because the implied volatility on Rio Tinto has gone skyrocket compared to where it was before. When we can get higher and more advanced ideas of what we do, I would so

Like I’ll put, But that’s not what we’re doing right now. We’re only doing longs and shorts. So there we go. We got some Dow and some international paper. We are already in a and some LYB we already in ECL. We’re already in most, we’re already in D D. So we’re already in a few presenters of these. So we’re in like three or four. We’re trying to look at getting three or four more. So there we go.

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Basic Materials

Rio Tinto:

 Is A Huge Mining Company With Operations Throughout The World With The Centralization Of Their Operations…

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Mosaic Co:

They Are Located In Nine Different Countries Through North And South America They Are Serving Customers…

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Ecolab:

Ecolab Is In A Plethora Of Different Businesses Ranging From: Buildings And Facilities, Chemical Processing, Commercial…

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Dow Chemical:

36,000 Employees With 109 Manufacturing Sites Operating In 31 Different Countries. The Portion Of Science Which…

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