All right with financials. We’ll start with CME. Now. Most all the financials are looking pretty good. This is the second time I’ve had to do this. You know, I went through all five of these sectors, made the videos, uploaded them to YouTube, was ready to do my secondary part with my writings and found out that nothing was recorded. So I have to do this again. So excuse me, if my enthusiasm is not at point or if I, I’m not as excited as maybe I was the first time when I did this, because I literally just looked at all these first thing in the morning yesterday. So I already know
Where all the socks are. So I apologize.
CMI looks good. We bounced off of a low right here. We did not even like here’s the two 11 was kind of the line in the sand. However, we didn’t even get to it. We’re when we dropped below a little bit right here, below right here. But that I I’ll see that as too much of a concern that more or less probably getting the last couple of people out right there before they decided to bring it higher. My only concern would be two 15, but as of this morning, see, this is where it’s kind of cheating. The market’s gapping up at least at one o’clock in the morning on Monday, if the market futures are up. So the market futures continuously stay up. Look for this to try and break out of the two to one. Okay. N T R S. Now majority of these banking stocks all look pretty good. However, on Thursday, Friday, we had some nastiness. Here we go. Here we go. One we’re six points out of the money with Northern trust. I’m not concerned at all. It looks like we’re headed to the 1658. However, depending on the market, we could, well, hold the support right here. If it holds the support at 1658, then start going wrong. Looking to take out the S the 1 23. Now, depending on how the market looks this morning and this upcoming week, it might not even get to the 1658. It might go past, or it might just start finding support right here,
Trying to take out the 1 24
As with always be very careful because it’s literally [inaudible], but the bar went the whole run, right? Do you see the hundred than the 1, 2, 7 extension than the 6 1 8 extension? It’s basically went the way up. However, you see what I’m saying? So it’s completed. It’s move. I don’t see this ruling over because the banking sector is so strong or financial sector is so strong, but just to remember, it has completed its move BX. This is very strong, very strong. we’re looking, headed to a hundred, just be careful like everything else is we might be late to the party just a little bit. So don’t just buy everything and put all your money going into one a hundred. However, if the market stays strong, then we’re headed to a hundred, but don’t forget. It can always roll over at about 92 to try to find some support.
Goldman Sachs. This is an ugly chart. However man, the other video is so much better. All right. So we have a potential of running about 8% on the financials. And let me show you what I’m talking about. So this quick run-up right here. This is 1, 2, 3, 4, 5 days with a 10% gain, right? 35 points. So where the 10% gain and the more we looked at these stocks, you’re going to see what I’m talking about. So with a 10% gain, even with Northern trust, let’s go back to Northern trust and this little pop over here. Where was it?
I think it’s, I think it’s like this one six. Well, no, there you go. 8% in 1, 2, 3, 4, 5, 6. So basically a week in one day. So it all depends. You could choose other day then because it’s basically the same price. So we’re looking at like a 7% run, right? 7% from here. Okay. Brings us to the 1 26. Bricks is out. We’re not going to look at BX because BX is already at that place. Now what was this? 9%. 8%. So we could go up to here. This is a 10% gain, right? So a 10% gain in six days we had one. So what’s 10% from here.
Okay. Right here. Give or take around the four 14, almost the 4 28. So if banking can get going, watch for these prices to really spike. Cause again, here we go right here. So this was a 7% gain. 7% gain gets us basically to the 2 0 9 on T Rowe price. So what I’m saying with this, I’m not guaranteeing that the market’s about to shoot up or at least the financial is going to shoot up. Just everything is set up for it to have an 8%, eight to 10% gain. And that brings us right to almost exactly to resistance. I’m not saying it’s going to do it all in one day. I’m saying for the week we go BlackRock, same exact thing. How do I know? I already did these numbers yesterday percent gain right there. What does an 8% gain from right here? [inaudible]
Give or take right there. We’re looking at 9 58. That’s a huge move. Don’t forget. It’s only eat 80. So we’re looking at, that’s almost a, that’s what? Basically a 70, 80 point move right there. So, and that’s the 8%. It just doesn’t look. It doesn’t look very big right here, but it’s eight point, like basically the 9%. So what does that do that breaks us out to new high kisses is almost the one to seven. Talk to talk to Chuck. Let’s talk to Chuck. So what was it? It was over here. So we’re looking at 11% gain.
See what I’m saying. 11% gain. This brings us to resistance or basically completes the moves. As I say all I’m saying, I’m not saying it’s going to happen. All I’m saying is that coincidentally Eight and a half percent look where it eight and a half percent brings us right about like some decent numbers. Now I’m not saying it’s going to do that. Once again, here, we’re looking at bank of America. It’s been in a tight range basically since May 7th. So if it were to break out and hold the 41 91 or 95 and start finding momentum, right, then the momentum could push it past the 43 23, which I mean, it’s just a nice little break, which will break us up to the 45. Now on Thursday, we were really close. But what it, what the market really did was with banks did, is they flushed at the end of last week, which was good. But then Friday, they had a green day. So they flushed on Thursday to start bringing it back on Friday, which got everybody out. If you notice, like, okay, Blackstone didn’t get affected.
CME had not really at all. K K R you’ll see K K are starting to take off. And it didn’t get affected at off when I’m about to say, but it’s about to break out right here at the 56 73. So if it hits up the 56 73, look at what, look at this. This is a massive game. Once again, 8%, eight, 9%. We’ll go from the bottom eight, 9% from the bottom at the 54, it brings us up to the blue line. Right. But if we worked, I didn’t mean to have that line right there. But if we were to go 8% from, for this week at breaks us out decent, a nice, a nice, decent breakout from the high of 59 15. Does that make sense? So it breaks out of these lines. So either breaks us to a nice resistance point or breaks us out of an old high.
Now FAS is a little bit more dramatic. This is a three timer, right? But look at the move here. This is 18%, right? Which makes sense. Cause it’s three times. Well, not really. Cause it should be 27% if everything’s 9%, but three times, 6% is 18%. So it’s give or take we’re off a little bit. But if we were to go 18% from here, look where we are 1 39, literally almost to the point of where the 1, 2, 7 extension. So each one of these stocks at there at having a boom that has had before, if it has a decent week and we’re looking at, I mean, because financials can move. If they’re having a decent week, then we’re, we’re at basically what feed the ducks when they’re quacking on each one of these. So take up, take that into consideration and trade accordingly.
All right. For our first energy stock, we have Valero now Valero was looking great. We got, I mean, it makes sense. We hit a resistance right here at the a hundred percent. We look basically if a breakout fake out kind of rolled over, attempted on Thursday to break out again. But then Friday basically got, got destroyed. But if you look over here on the 28th of May, we’re basically touching support, right? So it’s kind of like the breakout we break out of down here. We get stopped right here and that’s where we are right now. So let’s check out the open interest, see if the, Ooh, look at this a couple hedges, right? But look at this big, big money right here at 85, 17,000 contracts at 85. And again, I’m reading this new book that unusual option activity. So I’m all interested about it and just trying to spot different things and things that look interesting. So that’s what we’re going through this this week is just different opportunities. If I enjoy looking at it, if it’s still interesting to me after the new, it will be something that we’re going to just continuously do is look at that. See if we can find crazy option interest in the stocks that we go over. Now, if nothing comes to fruition of this and all of it’s just noise, then obviously we’ll just go back to analyzing
The stock. But the option market looks Very interesting. Plus it’s just, it’s kind of fun. I don’t know. Maybe it’s not to you, but it is to me. So we have 17,000 contracts saying 85. Let’s see, does this 85. It does. Cause 84 95 is the the high you see. Now if we have 92, 43, I don’t know what this one is, but if it’s anywhere close to 92, 43, it would make sense. That’s 90. So we have 10,000 contracts at the 90 and then w these, then it just kind of jumps 95, 100. Now I don’t see it going all the way to 92, but there’s people out there they’re saying it’s going to hit this 90 17,000 contracts say 85. So between the 85 and the 90, there are 7,000 excess contracts, right? There’s 27,000 contracts and told towel. However, there could be a, a decent spread, 85 to 90, although you’re only you’re it’s, I don’t really see why you would do that because you’re only, it’s not like you’re, you’re lowering your costs by a lot, but we’re also talking about 10,000 contracts. You know what I’m saying? So 4 cents on 10,000 contracts is quite a lot of money. But you know, buying one or two of them, what I’m going to do is in quite a hefty, but yeah, there’s look at this 15,000 people bought the eighties. Oh, okay. Look at this. Look at this.
So this looks like it’s a butterfly. I don’t know. It’s just interesting. Cause it’s, it’s five strikes basically in between the eighties, the 80 fives in the nineties, 15,000, 17,000, 10,000. So if you were to go, let’s say 7,000 at no 15, because then that would mean that there’s 30,000 at the 85 there’s they got something set up here. Let’s look at the next, the next week. If there, is there anything, you know, there is nothing option expiration, monthly expirations. Yes. So we, we look, look for the monthly opera obser Bo you know what I said, monthly ops option expiration. So we’re looking VA low Val, this is a money play the seventeens 85 slash 90. All right. Let’s I’m sorry, I didn’t do the oil so we can kind of check the oil. Now this is, I don’t know. So I made these videos.
Today’s Monday morning, I made these videos yesterday, made them all. It was all excited about them and realized that I had no sound. So I’m having to redo the videos at three, at first thing in the morning on Monday morning. So that’s why the oil market is moving. Now. The VLO going into Friday would probably not make any sense, but when we’re opening up almost 1% on the oil, which is just massive again, watch out for the 73 45 that’s looks like we’re, we’re going 73 45. Let’s go into the quarterly 20-year quarterly. Cause that’s where we kind of have to go back. Next resistance again, if we can, if we need to break out of October, 2018 high, which is 76, 90, 76 90 now, and it closed that same quarter. These are three months at 45. So that was a massive, massive drop. If you see it was from July 17, up to basically 18 April 18. So that’s 3, 6, 9, 12, almost a whole year, right? It was an upper trajectory kind of how it is right now hit that number and boom, then Corona happened. Boom. So this is enormous need sorry. I got a message.
There’s going to be enormous selling pressure at this number. Now of course, they’re going to say some, something stupid about the news and all this other kind of stuff, right? That, oh, the Iran, whatever that has nothing to do with it, it has everything to do is we’re getting close. I mean, it probably does a little bit, but we’re getting close to super resistance. All right. If we can break past that, then the next is literally top of this massive 2014 drop 2014 drop, which is the high of this was 92 96. So do we see this? We break this. Our next target is literally 88 to 93. So this is huge. I’m also expecting a pullback. This is let’s go back to days. So we have had pullbacks, so don’t get me wrong. I am expecting a pullback back to 66, 77 at some point eventually when w when will this come? I’m not sure, but just be careful and watch that after we hit the 73 in one day, it could drop back to 66 just to shake everybody out. And there are Iran news could do it right? Shake everybody out, get everyone’s scared, and then let’s go higher. But it looks to me that we’re positioned just to take out the 1800.
Alright, Exxon mobile. Now all of these are kind of be the same. We got destroyed. We kinda got hit hard, right? We, we got 50 percentile and then we got kind of rejected, which makes sense. They were going to, it needs, we’re going to need something powerful to break out of that 64. But see, this is what sucks. We already know oil is going to pop up 64, 3 cents on Monday morning. Cause it’s already up 63 cents on Monday morning. So it’s basically kind of cheating, right? I don’t like that. I cause I I’d much rather go into it without knowing what the oil market’s going to do on Monday morning. So because not this, what could easily easily happen is the market reverses. So everything that I say right now could be reversed. That’s you know what I mean? Does that make sense? That’s why I would have rather just done this before the market opens because it’s giving us a false sense. Cause it’s European opens opening right around now. Well, let’s take out our options. Ooh. See, I mean, this is weekly options or monthly options, 20,000 at the 60. And, but look at the big number over here. We got 33,000, 13,000, the 30th, excuse me. The 33,000 is interesting at 65 because it’s really not any money. It’s only $3 out. Let’s look at this. How much can this bad boy move in five days, 1, 2, 3, 4, 5. [inaudible]
Well, that’s a big difference in that one day, 8%, man. This is like the financials 8% [inaudible] So obviously that’s seven and a half percent, but a seven and a half percent pop from here brings us to 66, 8 still. Okay. Over here, 66, 66, 68. See that it’s right into that 65. So, whoa. There’s a Buku amount of money. And if it does hit the 8%, then those 10 cents turns into two or $3. That’s enormous money right there. Very interesting. We were only paying 10 cents 99 cents or nine 50. Right? That’s I mean, your deltas are, there’s a 10% chance for that. It’s gonna go into money, whatever. Yeah, the money play [inaudible]
65 and then 70. I don’t really see 70 seventies is kind of stretching it because 70 means we come all the way up to here. What is 70 from here? It’s a 12% gain, a 12% gain in. I literally you’re paying a penny for it. So it’s almost hard to say no, you know, $5, you got five contracts. You know, it’d be like six bucks dollars. That’s hard to say no, let’s see. Cause there’s 13,000 contracts that say that there that this could happen. All right. M M P I am in love with this doc. Keep going, keep going. Pays well, pays good dividends. It’s all cylinders. Let’s go. This is more of a long-term play. I’ll advise out I’ll turn out of money long-term options. Or if you want to capture your Delta at one, then go in the money. But if you see, since March, this has gone straight up, it is beautiful. Let’s but let’s see how much can we move in a week?
5%. What do we got over here? Oh yeah. There’s there’s very thinly traded options on this. Yeah, there are no one paying attention to this. Look at the 50 fives, right? The 50 fives, even the 50 to 52, you’re already in the money. Like you’re literally already in the money extrinsic 25 cents at the 50 twos. Right? That’s not actually, honestly, this isn’t. I mean the options kind of suck. Right? Don’t get me wrong. Cause they’re they they’re just weird. There’s nothing out there, but there is decent numbers at the 200 at this right here, the 55 also at the 47 to six point drop. But you re you’re not paying anything for this. You’re paying 7 cents for 55. What could this do? It moved five. The largest, it moves 5% gain. 5% here at 6 54 0.8% only basically a 5% gain is $2 and 69 cents 1656. So this could has potential to get to a dollar. If we have a massive move that’s 7 cents is hard to 7 cents turned into a dollar that’s you know, 13 times or money. That’s hard to say no to
The money. Play The money play. We’re looking at M M P money play. That was 55. Yeah. Basically 55 because you see there’s literally no volume anywhere. There’s, you’re paying more. There’s more extrinsic value. The further out you are. Right. Does that make sense? So you’re inverted and actually literally you’re negative in, well, right here, you’re paying 25 cents of extrinsic value at 52, but at, or at 55, you’re paying 7 cents. Now I know it’s but it’s almost like right in the middle. So you’re paying a lot of intrinsic value extrinsic value for the 50 twos when you’re paying 7 cents for the 55. You’re really not. You’re not, it’s just, again, my money plays are gambles straight up gambles. We’re just having so NOCO is another one. All cylinders. Beautiful, absolutely beautiful load up on your portfolio. They pay great dividends. That’s I made a different video today on which was better cryptocurrency or Chevron and Chevron destroyed them.
Right. For the amount of money I have in Chevron compared to the cryptos, Chevron destroyed it, but I should have done Sunoco. Cause Sunoco is even better. Sonoco is ridiculous. Yeah. I don’t know what else to say about Sunoco pull back so I can get more, right? Like your breakout right here of 36. All right. It’s only two points, but my goodness. I mean, it is just up, up and goodbye right up, up in goodbye, which is another one. If you want a smaller, less, less price one go here because this is up, up and goodbye. Just the same. And in energy transfer, they have, I would say they have, it’s basically the same company in a sense it’s very different company. So don’t think it’s the same company, but a lot of the same company, because he owns a lot of Sunoco. Right? So if Sunoco’s does well, he does well too. And it’s way less priced. It’s priced at $11 and 30 cents, opposed to what a Sunoco, 38 [inaudible].
So let’s do let’s look at Sunoco Sunoco. See the thing with these oil stocks is nobody’s paying him any attention. Right? And not at all. As you see, like there, they got a whole bunch of put interests. So I mean, they’re betting that this is that oil is about to get destroyed this upcoming week. But for cause there is nothing, nothing, you got three at 42, we’ll add, it’s also pretty far out of the money. We’re looking at $2 away and there’s 300 contracts, $2 away. And you’re, you’re literally paying 2 cents for it. Again, this is very difficult not to want to gamble the 2 cents. Okay.
Let’s see what it’s done in a week. 1, 2, 3, let’s go 1, 2, 3, 4, 5. So we ended up right here. 4.8%, 4%. We’re looking at 44.8. We’re looking at 5%, 5.6%. 40 57. So when you’re coming over here and you’re analyzing the forties, that’s why the 40 twos, there’s only three people there. It’s like, yeah, that’s not going to go. There that’s needs too much of a, of a bump. But when you’re looking at right here and imply to interest super low, my goodness, implied volatility, super low they’re banking, 60, 64 cents for the week. Yeah. These, I mean, this is a sure gamble, the forties pure gamble, but you got a high probability that this might do something. Look at your Delta 6 cents. So you’re dealt. Wow. What is going? This is making any sense.
I bet your gamble is pretty high too. So what w w basically what that means. There’s not very much volume on this, so it’s probably not in the vibe. And implied volatility is really low, so it’s not going to have the gamma spike. Won’t won’t gamma and Delta won’t really change too much. However, look at this per dollar movement in is 83 cents. This is 6 cents, man. Oh man. Yeah. There’s high, high probability that this, this 5 cents or two and a half cents, which is extrinsic right now, what’s that most. So probably 5 cents will come Monday morning and a couple hours. It’s going to be more, but just look at this. Cause if oil has a little bit of a crashing and comes back, these are going to be dirt cheap. Even the 37 fifties are probably going to be like dirt cheap, because what you’re paying 5 cents of extrinsic value in the money. Look at this. You’re you’re paying this. Doesn’t make any sense if you were to go well. Oh, that’s that makes sense. Cause it’s not, everything’s closed. So that’s why, but we have to look at these numbers again when they open up. But there’s there’s, I mean, there’s decent. You’re not paying any, and you’re not paying up on these options at all. That’s what I’m basically saying. Like your extrinsic values, nothing. Nothing. All right. Let’s see. That was Sunoco.
Rural Dutch. I like this is for like an iron condor. Now, if the rest of the oil kind of breaks, your iron condor might not work for this one. Cause you know, the rest of the market just broke on you. But I like selling. Yeah. Actually the iron condor I’d still go for it. It’s just kind of skew it to the bull side. So you might want to give yourself a little bit more extra space on the bulls, but let’s look at the numbers. We got 3,800 contracts at the 42. Yeah. So that’s like right around here. Yeah, I mean, we could get up to 43 again. I just don’t like this, this stock at the moment. It’s not in my favor, but a breakout could be coming in a, it could have be a massive breakout because well, not a massive breakout. The break. Well that’s well, yeah, that’s basically a 10% move that could be coming to 42 is a 3% move three to 10%. And that closes the gap a three to 10% move. Yeah. It could work.
There’s a decent amount of money on there saying that it could work. So as you see it, but there’s also a larger percentage saying that it’s not going to work at the 37. So that could be a strangle E I like it for a breakout. Look at this. We are steady climbing, looking for the breakout of the 25. Yeah. There’s nothing. This is nothing. There’s no one trades this in options, which is kind of disappointing. How many millions out there’s plenty of volume. It’s just no one trades the options there, option unfriendly, which is gold mines because there’s no one paying attention to them. So they’re really cheap. Really cheap. Cause look at it. Implied volatility is 26. So this isn’t even a higher implied volatility than Sunoco because Sunoco’s only 18, but there’s, I mean there’s 187 people. That’s not bad with a negative extrinsic value. Oh, well, yeah. That makes sense. Whoa, what is this dude? They got lasted 65 cents.
So you’re paying 7 cents, 6 cents of extrinsic value. That’s not that bad. Does this stock have the oppor can it move? Yeah. I mean in let’s just go for these three days. Look at this that’s 2%. Okay. 2% brings us to 26, 19. Nope, we’re under, but what is this foreign? 2, 3, 4, 5. Let’s see this. So it’s a 4%. So let’s see. What, what is 4% do? 4% gets us to 26, 73 and that’s still lower. So then the next one out. So that’s, that’s a no go. You see what I’m saying? 27 50 that’s 27 50 and there’s no volume. There’s no money there. The, the money’s right here at the 25, which is in the money, but it’s not demanding. It’s sucks. So, all right. Let’s move on to KMI, which is another one, which is like, whoa, this is just like Sunoco and MMP. Obviously we just hit a high, but let’s look where we were coming from 11 to 19 VAs and our bad.
This is a long-term play add up. As much as you can, let’s look at the quarterly kinda 20 year quarterly where this has a potential of getting up to 44. We break out of this 21, then really the 21 to 23 area. We’re moving. If we’re literally looking at this, the 21 is the six one or the 1 6 1 extension, the four to three is 33. So this has, I mean, it has every bit of potential. If oil continuously is climbed, is, is all the potential in the world to get to it’s 44 or at least 25.
So let’s look at the open interest on this one too. I’m interested. So we got 12,000 contracts for the 20, whoa, look at this. There is a lot of, a lot of money out there. I mean, there’s a decent amount on the downside as well. So don’t, don’t think because of what we got 10, 11 21, 28 31, but like 30 to 34,000 contracts on the downside on the upside, we got 20, 24, 25, 26, about 26. So there is more, more contracts on the downside than upside, relatively low implied volatility. So that means that like two standard deviations. It just we’re, it’s basically banking on two standard deviations to get a 20 kind of, yeah, two, two. Yeah.
Even the 1950s are cheap, man. They’re 8 cents, 10 cents for the 1950s. And these are ridiculously cheap, man.
Let’s see in three days, 4%. Yeah. Ah, they’re pricing it out like a 5% move because a 4% move only brings us to 1993. I forget how, how they’re really cheap, but kinder. Morgan’s not very, it’s only $19. That’s why it’s really cheap. I forgot 5% on a $19 stock is a quite a big move. Well, it’s not a big move at all. This means that you move in like 50 cents or you know what saying? So that makes sense why they’re really, really cheap, but Kamai another one I would, like I say, I quit. Okay.
Probably like the Septembers, if they’re that cheap. Cause look, even the September twenties, you can buy them for 50 cents. And there’s, I mean that that’s giving 90 days, the 20 ones are what? 30 cents. So the 21, like those are really cheap for, for giving yourself the gift of time. Cause you’re giving yourself a lot of time, BP. It’s I mean, you can’t say it’s not bullish because I mean, on Thursday it hit a high it’s just like every other stock. If oil continually goes higher, look at the potential they have, they have a potential of getting to 79. They were that in October oh seven 14 or no, this is 10. So they’ve, they’ve been out of, out of the graces for quite some time, but 52 make sense. What is this? This is 2000. Oh the 2018, there were $44 stock. So they’re, they’re 50 percentile.
They’re 50% under from the, I mean you got to remember what the oil market looked like, but we’re 50% basically to the 2018 oil and we’re almost there on the oil. So this has huge potential. I mean, you gotta to go a little bit more into exactly where they’re making the money, but it looks beautiful for like a more of a, long-term not, not daily total with total. They what day is this? Six. Nine. Oh, well they’re, they’re showing the chart today on Friday. They, you hadn’t been watching it. I don’t know. They didn’t. Cause this is six, 10 and Friday was not six 10. So I’m thinking they are changing the ticker cause they, they didn’t trade on Friday and last but not least Chevron several times just like BP. I do not see anything wrong with Chevron for the long haul. Beautiful. Look at the option. Interest on this, on the one tent 51,000. That is a lot of money. Gentlemen and ladies, we’ve got another 12,000, another 10,000. Whoa, with that 52 thousands kind of out in the middle of nowhere, right? One 10. Yeah, that’s right here there. So their pricing in break into one 13, cause this is the one 20. Whoa.
I want to see one 20 at all. Let’s see how much this can move. 1, 2, 3, 4, 5, right here. 8%, 8% gets it to one 17. So as crazy as that sounds it has the potential to run 8%. Wow. Wow. And that’s this right here. There’s 10,000 contracts out there and that’s one penny. Yeah. Chevron Corp, man. Let’s see what happens. That’s that’s too. It’s too. It’s too juicy, too juicy way too juicy. For rolling dice, it’s difficult. I mean we’ve got 12,000 contracts and you got 22,000 contracts that are costing like a dollar to $4. So it’s kind of like pick your poison.
All right. And that’s it for our oil as you see, let’s check out how oil is running. Okay.So there we go. Last 30 minutes down, up, down up, it looks like we’re about to take off.
Okay for utilities. Our first stock is a Nova, which I’m just disgusted with this dock, which is my own fault. I truly believe in their technology, what they’re doing. I see a huge potential in the future. However it looks absolutely horrendous and it doesn’t see like it’s going to subside anytime soon. Yeah, I mean, if it was a beautiful short from 40 to basically 20, so it’s a 50% haircut basically from the very high of it. It’s an over 50% haircut and it looks like it could just roll over even further. It doesn’t look like this is any where close to being over and done with. So it looks like a next target may be 2375.
We got a Barrack and water. Look at the momentum. The momentum is pushing this stock hopefully to break out at the one 62 I would’ve loved to see that it closed above. Hold on a second. Let me look at this. Where is this? This is one 56 36. Oh, did it closed above the line that we, we drew yesterday? It just doesn’t look like it. Because we closed at 43. This is, well, I don’t know it’s right at it. I mean, it’s literally right at it. It’s too close for me to be able to see. No, I’m just curious. Yup. There it goes. So we closed above it. Not by very much by three set. No, no, but like you have like 3 cents, but we closed above it, which is, I mean, we look 12 or 22 minutes before we were below it. So it barely closed above our resistance or resistance now turned into support, which is a beautiful thing, which means that next target would be the one 60. And I think that we could probably get there this week cause the squeeze. So I think we might blow like this squeeze my fire off and we were headed to one 60. No problem.
We’re republic services. I see. I mean, look the moment. I don’t see anything wrong with this stock. Parabolic moves. I mean, look from March, this has just gone straight up, straight up. So, and then it’s just in more or less consolidation period. The 50 has jumped higher than 100 closer and it looks like at what our main momentum has shifted as well. It looks like within the next week. So we should get the pop and at least test the one 11, if not the one 13, which is right here, Brookfield, renewable partners had a great run-up here, but yeah, it looks like we’re going to the 37. If it can hold this 37 for at least maybe a week, right. Then I’d want to get into it. But right here, if it comes crashing into this 37, I don’t trust it. I don’t trust it at all. We have a lot of single prints right here, most likely up into right here. So we could just fill those, those prints all the way down to here. And then I would want to see kind of like that a U shaped instead of a V shape.
I had a Corp. Well, our utilities just don’t look very good. The only other utility it looks good is Republic services. However, this, we might, this might have a little bit of promise just because of how it closed on Friday. So you see, this is, this is what I want to see with BEP, how it came with Brookfield, how it came down, it kind of rounded the bottom and now it’s starting to head back up. That’s what I want to see. Cause it’s, I mean, we hit the 50 or we, we blew past the 50. We hit the a hundred we’re on our way back up and it closed above the 98, 48 or 49. So far I would say this one Republic services looks to the best A E S
No, no. Yeah. We closed above and our momentum shifting. I actually like, if this would, if you were to get in at any given time, this would be the time. This would be the time for at least a test of a 26. I’m not saying do it. I’m just saying if this would be the time to do it, or if you were going to do it, this would be the time. And hopefully with a break above the hundred and then at least touching the 50, but be careful. Now we have duke Energy. Yeah, Man, not happy with you, duke. I’m not happy at all. What’s going on, man. Get back up to these levels. One oh five. So I got in right here or no, I think I got in my right here and it popped up the very next day. I did not take profits. And then I don’t know what happened on this day. I didn’t take profits. And so I’m quite frustrated. I want this to at least hit a one oh six so I can salvage and profit. But our momentum looks terrible. It’s shifting down, but if this can get up break, at least the one oh three, then this momentum is going to shift extremely fast. And I would say, we’re looking for a breakout of one oh six. It’s just taking a minute for it to get there. Middlesex, watch her looking good, looking real good. See, this is kind of what I figured. So we had a beautiful pop, right? This was the 25th. And you know, we, I mean, we it’s taken a minute to get higher, but look, all it’s done is wait for the nine to catch up to it. And the, and the the 20, so now that’s popped on the nine. I can see that it could continue its grind higher two 87 91,
DTE energy Just fired short on the squeeze. I’m not convinced this is a short cause. Look, it’s hard. One, two, three, four, five days, right? Of just basic, literally going anywhere. And yeah, we had a red day on Friday, which means, you know, inspired to squeeze, but not a convincing cause that, I mean, that is not, I can, it looks large, but it’s not a convincing red day. It does not look like they’re ready to, to get throw in the white towel. Cause we’re more, we’re close to, we’re pretty close to the one 45. And we’re re like, look, we’re at bounce last time, bounce. Last time on the 50, it hit the 50 it bounce and come back a little bit, but it didn’t touch yet. So I mean, Monday we’ll have to see, but I don’t see it going down to one 35.
I see the higher probability probably going to one 41. Now I could be completely wrong, but that’s, that’s kind of what I’m saying. Cause it’s also, it’s it’s has it’s it’s in converts. It’s like right in the middle hit the 50, but then also hit the nine on the downside. So that’s difficult for me to really say I kind of stay away from that. But if you were if you can tolerate more risk than I can, I would actually go long run NRG. Oh wow. Look at that. So in, so Thursday, it, if you remember last week out, this was just a dead duck. This was terrible. But in one day, I mean, it’s not that big of numbers. It’s like a dollar and 50 cents, but we, we re the bulls retook or took back over, right. They shorted it all the way down.
And then this is Monday, Tuesday or Tuesday, Wednesday, Thursday, Friday come Tuesday. They bounced it down a little bit. And then Wednesday, Thursday and or Wednesday, Thursday, Friday, Thursday, Friday, not bad. So energy, energy, it might be looking like it wants to start heading and going to the high side testing at 44, which makes sense because oil is extremely high. So this is one I’ll keep my eye on. Maybe by some, some out, some outdated or some further dated out of the money options at maybe like 38. Cause it’s not going to cost you very much, but if this starts really getting going, don’t forget. We still have a longterm gap back here at the 42, which is really not that long. It was just in March. So I mean it’s two months ago we were trading at $41. So it’s not like it’s, it’s a crazy for you to say that it could be close to the $41 sooner than later. All right. Have a great one.
Basic materials. We have Ecolab Ecolab looks like we’re finally doing what we’re supposed to be doing, right? So this is, this was last Friday, Monday, Tuesday, or Tuesday, Wednesday, Thursday, Friday. This is well kind of, we still have the, the yellow line, which is in our way. So we, we got destroyed. Now. We found resistance at this are our shortest line, which is the nine. So I do like this, right. Don’t get me wrong. I do like it, but it also could very easily turn over and go down. I like it because it didn’t make a new look. Right. We had one, two, three, four, five days to make a new low and it didn’t right. It, it stayed pretty high and tight right here. And then the last day we had a nice, nice pop up. So that would be my reasoning behind liking eco lab. Let’s check it out a week.
So again, we’re in this weekly squeeze, we lost momentum. However, that does not really look like we’re losing momentum in a negative way. It kind of looks like we’re gaining it back. Right. And if you look at the weekly, the 50 weeks, we’re right there. We’re pretty, I mean, we’re 15 points away or five points away, but that’s pretty close. So we’re 15 points away from the high five points away from the 50. So you do the math eco lab looks pretty good. We’ve been in the squeeze for quite some time. We started on the squeeze negative. This is the weekly squeeze too. So this would last for eight to 10 weeks. We started negative. And then since then we’ve just had momentum, momentum, momentum. So that’s what I see with eco lab. Let’s go back to the day.
The weekly chart looks way better that we could be popping out and trying to break the two 31 going to the two 48. Just be careful as we previously discussed, it could, it’s looking at on the daily chart, it’s that resistance at the weekly chart, it looks like it’s almost that simple. Okay. Rio Tinto. This is a all over the place, man. I don’t even know what to say. It would have been beautiful if you would have been able to catch it right here. Right. But then just look at the gaps. It’s just ridiculous gapping. So, I mean, it would have been just dumb luck if you would have caught this, because look, this is, so this is Friday. It gaps from Friday from 87 to 91. Then by Thursday, it’s all the way back down to 87. Now we’re going to 89. So where it’s kinda like all over the place.
So I don’t, I mean, it’s just, it, I almost kind of want to say, this is the time to get in for the breakout of the 91 to the 95 and finally break to the 96 nineties. Cause it’s had one nasty one nasty pool back, but just be careful. Sherwin Williams, the paint momentum is going down. As you see with the schools, let me back that up those too much. However, we, it looks like we double bottomed. Yeah. Look at this. It’s almost right. Do you see it? You have to look very carefully. It almost reached the low, but it didn’t. And then where did it close a bit closed? Yeah, it closed liquid closed. It closed above this 82 69 at 83 20. To me that, that shows that the buyers are back in back interested in this stock because Thursday it had a nice little five point gain. Not huge. I would look for this one within the next couple of weeks to try to test it’s high of 93. So 10 points. Okay.
IP international paper. It’s looking beautiful on all cylinders on a why we’re still in the squeeze. Just be careful. We have to hold this 64 60 57, excuse me. 64 57. I was looking at the 65 to, we have to, if we hold that, then I would say up, up in a way look to the 68 22. Just be very careful because it could, it has to hold the 64 57 in order for it to go higher or it could just drop off. So just be careful. That’s what I’m saying. Just be careful. It looks perfect. That held above, but it also hit a high so that we don’t know how much resistance is there, DuPont.
Yeah. I mean, it’s riding, look, we hit perfectly and we’re riding the nine perfectly, basically about to break out. Well, we touched it on Friday, this little breakout right here, which was May 18th. If we can break that, let’s see where we are. Let’s draw it. Okay. So look, we doubled, we’ve doubled topped, right? You’re almost basically triple topped at the 87 27. This is the 85 57. If it breaks, I see that it breaks the 87 pretty convincingly just cause it’s had so much energy right here has been here for a minute. With that being said the 92, all the way to the 99 over a course of some time, obviously, because look how long it takes it to me, B a S F I mean, it looks like it’s going to pop, but again, this one doesn’t have options or anything. So it’s just a, more of a whole, the entire stock and just let it ride.
Yeah, I see. We’re going to hit, it looks perfect. They hit, the hundred is holding the 50. It’s holding everything. It looks like we’re going to pop up at least at least try to test the highs of 2177 of miracle grow. Yeah, this is ugly. So we had shorted one, two, three, four. We had shorted right here. Right. If you remember last week, I was like, I’m kind of nervous about that. We had shorted right there. It would have been great. Would have gotten 19 points so well in altogether, went down what? 23 points. So I was beautiful short, which is we weren’t paying attention to it right here would be a place that I would, I mean, on Friday you would have had to get it right. And it’s those just a short, short play. Look at this. This is just cause it’s a huge liquidation break. Not just as a liquidation break, but just the way that it kind of handled itself. If Monday we go up, we hit this two oh nine. We come back down, but we do not break this 97 47. Then I would say it’s a buy Dow chemicals.
It looks like it wants to break the 71 38. I don’t know what you guys are, what you guys look at this, but it’s holding the nine and the 20 really tight. I mean, we’ve had consolidation period. Quite some time. Our lines are going we’re in a squeeze. Okay. My only concern is that we have resistance at 72, which is like $2 or $2 and 40 cents a way. However, the breakouts right there too. So if there’s enough momentum, it could push us right through the 72 and then come back and use the 72 as support.
So get the last little, cause this was a long consolidation, right? Let’s look at the last kind of movement of consolidation. Okay. So at 12%, eight points, let’s check what it’s cause you know, hit on this line right here. 12%. So yeah, you can bring us right to the 86, 87 area around this area midway through here. That makes sense. Look how fast it did that. One, two, three, four, five, six, seven, basically in seven days. So into, in basically two calendar weeks, it could do that. It already started a two. So it could be the five, which is straight five days. Boom. It gets us up to around the 76 Londale bus.
I mean, it’s looking good. My only concern. I mean, this is exactly what you wanted. It broke out well, not exactly what you wanted, 70% of what you want. I would have loved if this would have stayed on the 1692 above it, but since it broke down, it’s only 60 cents away or what? 70 cents away. It’s still below it though. So as you can see this as kind of knock, knock, knock on a door, broke out, got rejected. Let’s see, find some support. This, this dip, oh, this is a, it looks pretty good. Cause it dipped and it found support again at the high right here. You see what I’m saying? You can draw lines. You see what I’m talking about? Our squeeze just broke out long, which is another positive. You see what I’m saying? Like the resistance point resistance point has now basically turned into support point, right? A little bit higher, a little bit higher each diet. So if we’re using that as a good end point, then our target would be more to the one 25 because this it’s what should break this one 16 without a problem. Since that was our support or resistance, our troubleshooter, but it broke down and then found support at our old resistance. And we just broke out into squeeze mosaic. We’re literally at the same place we were on last week, last Friday. What, what did we close? We closed 36, 14 or 36 oh four. So yeah, it’s done absolutely nothing in the week. It showed us some promise and then got rejected. Friday was a nasty day for it. It was basically down three and almost 300, well, three and a half percent at the full day was probably down 4%. Could be a liquidation break because it was getting so close to the high, just the people, the shorts, the shorts had their stops right there. Or defended that part right there. As you see, we had a lot of momentum coming all the way till Friday. If it can get above the 36 oh nine and kind of hold it, then I’d be interested in looking for a massive breakout.
About this further, last few weeks, Months, whatever it is. Well, it finally happened. Oil broke above
The 66 77. Let’s take it back two months, 10 years. So we have a better view now that we’ve broken our next big challenge, ladies and gentlemen is this green line right here, which will be we’ll come back to it and I’ll show you. I just wanted to see our biggest, our next hurdle is this area right here. We break above this area right here, most including the right here, which would be the 76 90. If we break that area, we have not seen above 76, 90 since 2014, which would be what? Seven years, years ago. Very long time ago. Very long time ago. All right, let’s bring it in.
Remember our lines right here. These are the most important ones that we’re looking at right now. If it breaks up up, like basically, you know, right around this area, then that is the highest it’s been 70 years. All right. So let’s not forget. There’s probably a lot of shorts that were short here since now. If you remember it was in a parabolically go up. Be careful. Watch the comeback. And then again, higher. I don’t know if that made sense. If you need more guidance, go back to the last few weeks of what I’ve been talking about. All right. CVX, Chevron. I mean, those [inaudible], excuse me, I’m sorry. Most all of these should be bullish. Just kind of like banking. I said when we were going over the banks, if you watched that video Chevron, not one of my favorites. However, if oil keeps going up, throw a dart, they’re all going higher, right? Yeah. I see. We’re going to try to test the one 13, as long as oil continues to go, I am a fan of M M P.
This is, this has been doing great. They, I am a big fan of this with oil going higher. There’s this is just a beautiful company. They’re going to pay great dividends. It’s a partnership. So it’s not just a like do your own resource on partnerships, tax advantages with this it’s beautiful. They pay high dividends and they’re very consistent. I would like to see it come down just a little bit to, to reenter, but if not, I mean, I’m already in this. So I’ve been in it for quite some time. I think we caught, this was like one of the first ones that I bought. So we’re bidding the money since 47. We’re in the money since like way over here. And we have what, two more weeks until expiration. I would love for it to get to 54. But around like this upcoming week, we have to watch it just because, you know, the depreciation factor of in the money out of the money intrinsic or extrinsic value is going to exp evaporate really fast coming into expiration week, Exxon mobile. This is like my Chevron. I like it. It’s just M P just looks way better for me. These is, I don’t know. These are, these kind of have like all, it’s all a lot of politics and like Chevron, Exxon, even like he right here, it looks good, all that, but for the way, oil is I’m surprised. These are not skyrocketed higher, right? Oil is the highest it’s been since 2000 what 18, almost 14. And our oil stocks are not keeping up. One that I do, another one I do enjoy is K M I, this has been on a massive tear. I don’t see it stopping where we had our 19 basically. And we came all the way down to the 20. And since that point in time Look out above Target would probably be 1955.
Let’s go to total little disappointed in them. I was expecting that they would be breaking out already. However, they’re not mean this is a beautiful run. Don’t get me wrong. 46 to 48. Again, this is kind of with Chevron, the Exxon and the E I don’t like it. I’m, I’m disappointed in my oil stocks. I would’ve thought that these would be looking outstanding, but they’re not. So it was a little disappointing, right world, that shell and another one of them is a psychic Chevron Exxon, all the other ones, all the oil stocks. They’re just, it doesn’t seem I have all of them. I liked this one just cause we’re in a squeeze. We changed the momentum, looking for the breakout of the 41. But to me, excuse me, let me drink some water. Okay. It’s almost like, like in the oil market, Sometimes I forget
Just because of the price of oil could be at, it could go to a hundred this week. That does not mean that these companies are making a hundred dollars per barrel because this is a highly, highly leveraged business. So there, they usually sell their oil three months in advance. So they’ve, they might’ve sold their oil of when oil was at 60. So above that, does it really do them much justice, right? Cause They’ve already sold all the oil. So at a price of 60. So it kind of takes three, six months for the company to really bank money off of a huge. Now, if it’s gradual and it’s different, but the, the price moving in oil so far has been pretty, not on gradual, like, look it’s, well, that’s not good. Can I help you? Sorry about that. That’s not going to help you. I look at the Exponential growth in oil, right? We’re looking at in less than a year, we went from 33 to 69. That’s over a hundred percent gain. There’s no oil companies that fast. Cause they’ve, I mean that you’ve sold so much oil. Like they’ve like in your hedging, right? The oil business is extremely hedged and leverage. So it’s going to take, this has to really maintain this for Mount six to eight more months. Like if we’re around, if we’re above this at this time, next year, June, next year, we’re above 69 and 69 is looking low. Then all these companies are going to have record record numbers, but it takes awhile. Right? Valero. I liked Valero. We got stopped off. We’re coming back down. I would like to see it.
She had 20 come up just a little bit or maybe up
To like right here where the nine is, but watch it this upcoming week. Cause this could just take off with a target of ounces getting all the way to 92. But I do see it maybe going to like 88 to 90, then coming back down to the 84, Sonoco is another very disappointing stock man. Doesn’t look disappoint. Right? You’re like Eric, how could it be disappointing? It just had a brand new high. Yeah. But it didn’t go very high when like what, 10 cents, 7 cents above and then came right back down. So I’m not the happiest with Sunoco. I do. I am a firm believer in this doc. I do like it. I, I think that they’re, they’re set up basically better than a Chevron or an Exxon. I know you could think I’m crazy on that, but I really enjoy this company. They’re another one. If you kind of want something that’s cheaper. It’s E T which is energy transfer, which owns a lot of this company. I have them in a different portfolio. Okay. Okay. That makes a lot of sense, but we ran it from here to the high, back, down to the low. And now this gives us our new numbers. We’re literally close to as resistance. It held the three eight two extension.
Excuse me. So look for, if you can break above this 37 12 look for 37 82 and last but not least British petroleum, BP, I’ll be P I can, I can go with BP. We just broke into the squeeze. We’re where this is. See, this is a much better looking chart, then Royal Dutch shell or Chevron or Exxon or E or even total. This looks like it’s about the breakout and it looks like it’s ready to climb at least at a 28 86 with a further target of 31 16. All right. I have a great one.
Financials. Well, I call banking, but whatever financials are, first one, BlackRock, look where we are. This is beautiful.
We’re setting up perfectly for our nine 26. Now again, pending this upcoming week. I mean, this is exactly what we wanted to see comes up here. It breaks out not a very like forceful breakout, but enough. Right? And the most important part is it broke above this 80 it’s basically eight 71, right? It’s held at one, two, three, four, five, six, seven, eight days. Right. We got the higher above, which was the breakout, which I really enjoyed that. That’s I mean, we broke out here. We broke out again here, but we had a slamming down, which is what I want to see. I would need all those sellers, right, right here to basically be out of a position because once they’re done, then that gives us the ability to float up to the nine 26. The other key point that I really enjoy about this.
Now let’s look over here. You see how it went parabolic. Right? And then, I mean, we got rejected other line, but then it had to come back to our blue or teal and green line. Look, we are here. We’re already at the nine day moving average, right. We’re almost 20 days coming up. Like it’s it is what, eight 63. So we’re 20 points. It’s not, that’s really not that much. When we’re thinking about this as an 800 stock, 800 point stock. So mind you, this is everything has, this is a Sunday. I have no idea about the news or what’s gonna happen this upcoming week. I’m just looking at the chart specifically as long as nothing. And kind of, if we think about what’s been going on in the last couple of weeks, mostly look at the oil, right? For some reason, if you traced back to the 2008 financial crisis, there were two things that were just booming at that time, there were banks and there was oil.
So oil is rising at the same time that banks are rising. Right? So I won’t go too much into it because that’s not for this. However, I see that black rock. If we looking for nine 26, maybe not this week, but it’s coming, it’s coming pretty soon. We might make it up to like maybe 900, right? Get, get rejected at 900, find some more support right around, let’s say 82, you know, give or take the top of this. And we’re really the top of this. And then make it out to nine 26. As I, in other words, I might not just go straight up. It might come up 900, come back down and then go back up
TRowe price.
Beautiful, beautiful.I mean, there’s nothing else to say about it. It is beautiful. I same thing what I just said with BlackRock actually matter of fact, let’s and we just broke into a squeeze on two, three, four.
What is this? So last Friday we broke into that squeeze. If we look, this is when, oh yeah, yeah. I forget it was a shortened week. Last week. I apologize. So it is these four days. So Friday, we were broken down a week ago, Friday. Then these last four days it is tightened up and took off. So let’s give ourselves another, I mean, this is high and tight. Look at, look at this trend. This is gorgeous. It’s almost difficult to do an extension for the simple fact that it hasn’t, it’s had its ups and then trough and peaks and troughs. But at the same time, the troughs are landing directly where they’re supposed to let’s bring it to the week, see if we can get a different view.
You know, That’s even, it’s just as gorgeous on the weekly chart. It looks even better. So yeah. T Rowe price. I want to get some of those. I would get some long-term options because it looks like we’re going to two oh nine. Might take us two to three weeks. But look at this the nine week we just hit that broke or stayed above the 91 that isn’t gorgeous. Mr. Goldman Sachs. Okay.
Again, parabolic, look at this. This is see, this is Goldman Sachs for you. You will get chopped up, right? You see this range. All right. Let’s just, let’s start you. So it’s a 34 point range right now. When you, when you, when you’re like, okay, well that’s a lot. You would have had to catch this beautifully. One, two, three, four, because this is a gap. This is last Friday. It gapped
Three points. Give or take and went 10 points, right. Had a massive day on Monday. So if you remember last week we were talking and told him this and told him this, blah, blah, blah. Well, it held it and it took off it. Didn’t just break out a little bit. It broke all the way out. Cause 77 was its breakout. It opened above its breakout. So we’d call that a professional gap. What would I like to see hit the 95, maybe 400. Come down just a little bit on that one for 28, the next target Blackstone group. I mean all these are all gorgeous, man. They’re all right at levels. That well, key fact they’ve all broken in holding key levels, right? So this is Monday. It had was that 94 broke down. But now look what it’s doing. It’s coming right back and it’s holding the 92 52. Beautiful, just beautiful FAS. Remember this is the triple leveraged.
I’m more disappointed in this one just because it’s triple leverage. And when you looked at BlackRock T road, Goldman Sachs Blackstone, and then you look at this and it’s kind of like, it’s a little disappointing, right? It hasn’t had any parabolic moves as drastic. It’s kind of just about to burst. Honestly, look at the squeeze, the momentum bursting. If it can get through, we’re looking for this 39, it all depends this upcoming week. And I know you can be like, well, Eric, that just sounds ridiculous. I don’t see a good inner to one 39 anytime soon. However, if this upcoming week, I don’t know. But it’s kinda, if you, if you’re looking, it’s kind of set up that the financials are about to just explode because we’ve looked at what, four of them. Now this is our fifth one and every last one of these are just beautiful charts.
Even this, it looks like they closed a, what is it? 25, 29. Yeah. Eight even look at this line 25 18. Look at the, I mean this got sucked down three points and then had like at the end of the day, I guess just got bought up to close above the 25 18. You see how it closed below it yesterday or the day was a four. So that was the first close above the 25 18. Again, very bullish C M E. Yeah. This is another one. This is literally kind of what we want to see. It got a huge crash. It did exactly what we wanted it to do on Monday. Or I came up here, came, got destroyed and look where it landed like pretty much to the T on the 20. And then since then it’s been rising. So what do we look at this time? We look for a massive breakout depending on the market, but I don’t know. Maybe you’re seeing something completely different than I’m seeing, but it looks like the financials are about to explode. This one included. I see one or two to six. Not next week. It might take a little bit longer again. Come up, come back down to hold support right here and then gone a C bank of America. Yeah, Look, we’re in the squeeze. We’ve been in the squeeze for a few days. Squeeze is starting to build momentum up. This is literally just like all the other ones. Did it close above it? Yes, it did look close above this line too, man. These are all amazing. I like all of them. Now let’s go to the ones that I’m very disappointed in. K K R
This is a different, I mean, when you look at it, I’m starting to kind of fall in love with this. What I would like to see is the squeeze. I’m surprised we’re not in a squeeze because this has literally gone nowhere since May 12th. It is holding this 55 48. Well, it’s closed below it right there, but it’s holding it. Let’s look at the weekly chart.
Look, it’s holding the nine on the weekly. I, you know what? This looks, what it looks like to me is it it’s just holding, waiting. Cause it had a huge pair of balls. Move here. Even huge move from what? 43 to 59 hit target basically perfectly. All right, let me see it. Now. It just seems like it’s waiting for the moving averages to come up before it begins its upward trajectory again. Cause I mean, this can have a massive move, right? I mean it can really truly have a massive move. Look at this as the beginning of the year. This is January. We were at 37. Right? Then it had a massive boom boom boom, boom boom, two 49, 10 points. I mean that percentage is massive. So I guess I’m want to guess what 30% or whatever now I do see it. Well, no, let’s just look. I’m very curious. Yeah. 31%. So let’s say we have another 31% That brings us to 72, right? 72. Now I’m not saying this is happening anytime soon. All I’m saying is this little stretch to holding us that’s the third week. That’s I mean, if we get another one of those we’re golden, now let’s check this and get out of the way. Here we go.
Look at that 34%. Right? So this is a typical 34 percenter or a 30% move before it just pauses out. So the 60, 62 58 are, is low. So yeah, I do see once this hundred it’s close to the 50. Once a hundred probably gets a little bit higher. Look, it has the potential to move 30%. Now this seems like it’s a long time, but in retrospect it’s not, this is January and this is February. So it is moved a massive amount, basically almost a hundred percent. And we over 60% since the beginning of the year. Massive move. Let’s talk. What’s the, did you let’s talk to Chuck
All right. Chuck you’re squeezed. Broke. Yeah. All right. I can’t complain. It’s like every other chart I’m surprised this is in the negative because this does not look. I mean, it does make sense, but look, we bounce off of support and it had the high, so that was, oh, that was a liquidation break. Most likely 81. Here we come. And N T R S Northern trust. Yeah, I see nothing wrong with this. I see nothing at all. It’s right on the support. We look at how many red days I love this one, two, three, four, five, six red days in a row, right. Basically seven, seven out of eight days have been red. And does that look like a negative chart? Not to me. It looks like the buyers are sucking up all the sellers and up, up in a way. All right. Thank you very much. And I’ll see you next week.
We’re talking healthcare right now. Madame took off look at this. So this is the two weeks, basically one, two, three, four, five, six, seven, eight, nine. Yeah. That’s two weeks we started and we could go Monday when we bounced on a one 59, we have literally gone 50 points straight up, broke it late. Is that an all time high? Let’s check that out. Yes, it is. It broke out of his three basically triple top with a vengeance headed to two 2215 area. Just cause it blew through this area. I would be looking forward to come back down to the 91 area for some support at that point in time. I think it would be a safer bet if it can hold this to buy it. But this, I mean, you know, the Corona virus and all this other kind of stuff, they’re, they’re one of the first ones that were given the government contract to rapid release or whatever it was called last year by Donald Trump.
So it makes sense why this is blooming. Yeah, I don’t want to go too much else into the company because we’re just looking at the stock chart, but what a beautiful, beautiful explosion right there. Gilly ad sciences. Okay. We are getting to the point where it looking interesting. So this was a Monday, we got pounded into our line, which was great. And then since then I just like a quick $2 gain up into 67. I would watch out for the 67 77. Wait for it to come get rejected, then come back maybe to right around this area. Well, let’s draw a line so we can use for reference next week. I mean, obviously that’s not the most perfect place. I was going to go down maybe 33, four sentence, but it’s close enough. So I would, once it kind of pops here, maybe it looks above fails, comes back down to this line, it holds this line. Then I think it has a higher probability to break out and, and reach for the stars as your tenant, as drought Zeneca. Okay. Look at this.
We had our support. I’m coming down. This really hasn’t moved anywhere. It’s kind of boring. I, it looks like a lot, but it’s really gone. Absolutely Nowhere. So we’re with Him 2 cents or within a dollar. So 57 53 fit or $2 57 or 55 75. So it’s a pretty tight range. I would like to see that there, the moving averages move up, which probably what it’s doing. Cause we, we got, we had our parabolic move when actually we broke above. So this was negative. We broke a bug of 50 and a hundred came back down and touch the 50 while the 50 crossed the 100 and then just went parabolic. So I would say, give me a little bit, let it hold hover. The 55 75, maybe for like another week, week, week and a half. Let our lions can to come back up and then we’ll look for some more upward trajectory.
Yeah, no, I don’t like it. This at all, this is terrible. This is ugly. Completely ugly. I mean, yeah, whatever you had some support, it bounced off a support, two points had a horrible drop, no earnings or anything to it. Just drop out of nowhere. What does, I mean, this is Monday, Tuesday, or this is Tuesday, Wednesday, Thursday, Friday. So I mean, Wednesday, you had an update Thursday, you gapped down like $2. What’s going on with Merck. Any which way I don’t like it, but I wouldn’t for a quick, a couple of points. You could try to fade it up to the 78, 74, 99 before it goes back down. But I don’t know. That’d be really risky on that. Cause you know, it probably wants to fill the gap and it shot down so fast or reversion to the mean would mean that let’s draw this line. So reversion to the mean, see it hit the seven, seven, eight, six retracement perfectly. That’s where it got stopped out reversion to the mean would be all the way back up to 76, 62.
So two points away.
Not really big, but as you can see right here, it in a strong trend, it should hit here and then continue downwards. And the secondary strong trend look at a secondary strong trend before it even hits the 50% tall, six one eight is filling the gap, right? So it could fill the gap and roll back over and it still be bears Pfizer. So we fired short on our a squeeze, but I’m pretty sure the squeeze is going to reactivate, which means that these, these green dots are going to turn back to red dots. I would’ve seen anything negative right here. It basically hit on the 50 perfectly, literally perfectly. I like to see what it does next week. We had a kinda like shooting star on Friday on like this, however, given a little bit it’s kind of right in the middle.
That’s what I’m saying. If it was down here, I’d be like, yeah, it’s by if it’s up here, be like you’re short, but it’s like right in the middle. So I’m not really sure. A B, B V it looks great for a short come down, got up a little bit hitting the nine for the faster downward trend. We just fired long, honest or short on a squeeze. I’ll see. It kind of rolls back over to maybe down to the one oh eight BMY Bristol Myers Squibb. Ah, I don’t like this one looks terrible. However, it is in line with the 50 and we were just making all time highs. So we’re as, as much as it as, as much as I like to say, this looks terrible. We are really only what $3 away from the high is this an all time high.
Okay. From a even larger, this is weekly. Let’s go monthly. So monthly we’re pretty close. We’re 77. So we’re like 13 points away from all time high. We are gaining momentum on a monthly squeeze. This, this is all very positive because we’re in a double squeeze. We’re in the monthly squeeze. We’re also, oh, we just fired long on the weekly squeeze. This is last weekend, this week. So the momentum is telling me that it wants to break this 68 34 it’s four points away. The daily daily daily looks ugly. However, the weekly and the monthly look really bearish or bullish. Excuse me.
Okay. Johnson and Johnson. Yeah. Fired short. Looks like we’re headed to at least one 62, right? Unless it, if it can hold this line. I, which I’d be surprised. Cause it just got rejected. Have a low bar, a lot of resistance at the one 66. So I see us crashing down to at least a yellow line. Sarepta therapeutics. Yeah. This is terrible. How ugly can you get? This is just nasty. I don’t like anything about it. We just fired short. Right? So hopefully we can hold the 6,804, right? You’re knighted health group building momentum to squeeze downward. There’s just, I don’t know. It’s holding a four oh four if it holds a four oh four for another week. Right. Cause if that’s what it’s kind of looking like on Thursday, we broke below just recently, just barely. But again, it looks like we’re just holding for the, the moving averages to come and meet up to the price opposed to coming down or like having liquidation down. It looks like they’re just, they’re holding it as tight as possible to bring them the moving averages higher. If that’s the case, look for upward trajectory. All right. That’s healthcare.
We have energy If we look at oil, if you’ve heard me talk since the beginning of this 66 77 is the main target. It is Monday, the market is closed. However futures were open and the Monday settle is 66 91 with being up 59 cents. As you can see Right here.
So let’s zoom in just a little bit. I think this, what was it? One, two, three, no, this might be Saturday. Nope. Nope. One, two, three, four, five, one, two, three, four, five. Yeah. So two weeks ago, do you remember? I was talking about, watch out, came down and we are right back at the level, which has haunted oil for years. I’m not going to go in a long depth and reshow the chart. Cause you can go back to the last four weeks and you can see the chart. Cause we’ve been talking about it extensively that this is the line in the sand for oil.
I want to start accumulating small
Right now because I don’t trust it. I don’t trust it yet. When it comes up, brakes are 67 98 and then comes down back to 66, 78 and holds it. That’s what I want to see, but be careful because this, I mean now, excuse me. It could just skyrocket from here. Like goodbye. Sianora see you later up to 73 before it does anything before he even thinks of coming down. So just be careful, you might miss it. Just think about it. It’s gone five points from here. This is a lot of people are going to short this or been short here, shorted here, shorted. Here’s where to here, shorted here for to here. You get the point. So with this right here, it could squeeze, it could squeeze up to 70 S like really 73 easy. So just be careful Chev run, which is, this is all extremely frustrating is at the best highs it’s had. But this looks more like how the markets are like how basic materials we’re looking. One, two, three, four, five, one two, three, four, five. So two weeks ago we were Monday. We were at one 10 and we have basically been destroyed seven points. Oil’s looking amazing, but Chevron is not. We are below the 50, which I wait till it gets above the 50, at least at least M M P. This is just, I love this play. I love them. They pay great dividends.
The higher oil goes the better for them. The more like it’s a partnership. I think if I’m correct, there it’s all pipelines. So it’s mostly all working interest capital. So as long as the oil goes up, this company is for sure to profit. Well, I love it. Get some more, get some more we’re going 52 Sunoco is another one. I really like, just because of their distribution channel there and this, they don’t look too great. You know, one, two, three, four, basically we were on our way to break out and reached new highs right on Monday. And then we had four straight days of disgustingness. So am I concerned about this?
No, not at all.
Oil is about to break oil. Looks amazing. All of these stocks right here, they are finally going to do something after a hundred years. It feels like obviously not a hundred years, but you know what I mean? A Good little break
Closer to the 50. If you pay attention to what it really did, the 50 was down at 33,
And this is Sunoco. Then it, Ray came all the way. The stock rose all the way to 36 and now the 50, as it broken above May 11th low. Right. Does that make sense above the 34 oh nine? Where if you really think Sunoco’s gone almost nowhere since that point. However, because if you think, look, Sunoco closed basically at the high of right here. You see what I’m saying? So all it did was bring the moving averages, higher kinder Morgan. This needs a break. I’m not gonna say that. I’m not one to be like, man, take a break. However, this has been massive moves. It’s doing amazing. And I really don’t see that it’s going to stop anytime soon. It looks okay, look at it. This is, this is, this is how I said, how I feel. It’s very powerful. Came all the way down, touched our twins Almost, and then Really closed below our a hundred percent moving average, like 1832 for not Fibonacci close we’ll load on Thursday, Friday, dips below a little bit more. And then zooms back up a button closes above it. Not by much but closes above it. I believe that’s a very strong stock and looking for 1955, total quite frustrated
With you make a move, man, make a move. And when I say, make a move, make a move up.
Last week was a nasty week four total. We were at 58 or 48 down to 46. So not a very good move. However, we were above the 50, which is good to see, which is this right here. 50 has climbed or it’s climbing a little bit. We closed the book. We touched it, look below for a hot second and then closed above it. I’m looking to see if we can get a little bit momentum going higher with total, just not from total itself, but from the oil market included. So now let’s go to BP, which is, these are just ridiculous, how they’re having bad days in oil. Is that doing amazing? We hit it where I pretty much was probably guessing it’s 27 oh six is exactly where I was talking to be careful. And it got rejected. I would want to see this 50, get above a 25 79 kind of looks like that’s what they’re trying to do. Cause if you look at this or I just look the first entrance, like really above entrance, this was way down to 24. Then the second time it dropped below 25, then now if we can get it, we’re at 25, 63 closer and closer to above
The level E kind of like this we’re, we’re holding the 50 pretty strong.
The only I gonna to stay as far away from this as possible for this one reason, we are in a range, it’s a tight range. And I don’t even want to guess which way it’s going to go because we have a lot of resistance right there. We’re at support, but the support and resistance are basically about the converge. So it’s, who’s going to win the bears with the bulls Exxon mobile man. And two years, this is going to be like 120 and room be thinking like, wow, she just bought it regardless. As long as oil stays up, right, we basically been two weeks
Hovering this 50 while waiting For the last little go round. We hit the 50 bounced This week, this For the last two weeks, we’ve been hovering this 50, letting them move in averages, come up. I think everyone was just watching oil honestly. And basic materials is almost the same thing. It looked the same Royal Dutch shell. Yeah, I know goodbye. I don’t like it again. I don’t understand why we’re looking so horrible. However yeah, I don’t like it. It looks horrible. V L O I like it looking for 84 39 had some decent Snus. This is a whole little wool walk that we’re talking about. This kind of looks like a can’t remember now Sherwin Williams, maybe where it just pops before everybody else and then kinda got rejected on Friday. I don’t see that. It’s going to be, anything’s going to hold this back. I see. We’re gonna, we’re going to break and head for the 84 39. All right. Have a great Memorial day weekend.
Basic materials. Scott’s miracle grow One, two, three, four, five, six, seven, eight, nine, 10, sorry, two weeks. Yeah, I still below the a hundred. I don’t like it. It looks terrible. Well, I don’t know. It’s kinda kind of consolidating let’s look at that. So our initial low, so like our range is from here to here, right? About nine points. It’s it stayed within those nine points. Cause let’s look at this, All the stuff in there we go.
That’s our low, you see where it touches the line. And as long as it, we broke below this low right on Friday, but then jumped back up, right. It didn’t close below there. So it looks like it looked below and fail. However, our major resist earth support line was back here at the two 12. Right. And let’s not forget, we’re still within the two oh nine to two 24. So it’s not like it’s, it’s that horrible. Cause what we entered this back in March, so it looks terrible. Right. And it’s pretty far off it’s high, however, it’s it really didn’t go very far. Right. It’s still within like a major range of right here. Cause what it is was our hammer back here. This was a three, five, and since three, five, I mean, we haven’t really gone down very well. Let’s kind of bring out, let’s see what’s going on. So yeah, we had like, even before, if these lines were to extended out here, right. It’s okay. Boom and Boom.
So it looks, it looks bad over here. Like if we just looked where we were over here, it looks kind of like it’s just in free man’s land, but when you bring it out, you kind of see, yeah, it’s had resistance at that line support resistance basis. Give or take support resistance right there. So it’s been in this range for quite some time or this is a normal range, not to worry about, let’s see what it does next week. If we can get above the hundred, right. Then I’d feel more comfortable and really above the two 24, this, this torque awards, which was a dotted line before I just drew a line. As you can see there, there, it was anyway, you get the point if it can hold a 24 89, then I’d say let’s, it’s kind of made the turn and looking to make go higher, but not until it can prove that it does it B a S F
Monday. We had a great day, but then kind of fizzled all the way out. We’re still basically maintaining the hundred. So it doesn’t look pretty, but as long as it holds a hundred, I don’t see anything wrong with it. Mosaic, frustrating stock. However, it looks like it’s turning the corner. Like if you look over here before the last run-up we got close to the 50 and then look, we got close to the 50. So watch for the run-up. Let’s see what percentage gain we had made from here to here. Four bucks. 15%. Okay.
Right. So if we were to go 15% from here Which would make sense. So look for maybe hitting the 38, which would make that 38 98. This is about 14%. It went 15%. So let’s look for a breakout of that. Be careful to break out right here, just because it’s so close to this line. I could have drew my line, my, my lines wrong. So it could be my mistake, but we do have a lot of, lot of like breakout material one, two, three. So there’s a, there should be a decent amount of momentum that’s behind mosaic. So if it can pop this 38, then look for the 42 DuPont.
Now this is the last two weeks. I mean, you’re going to see, it’s kind of, excuse me. If you’ve been paying attention to the stock markets, it’s been like this on a stock market too. Like a couple of big days up a couple of big days down. I mean, they’re, they’re kind of sneaking it in ripping people’s heads off and then getting in decent positions. And I mean, the market’s about to break to new highs again, which is crazy since it seems like Monday, we had a massive down day or one of these days, we had a massive down day. And if you think of last week or two weeks ago, the market was in disarray, but we’re almost at the all time highs went again. So the whole market kind of looks like this. We have our breakout or the, the high, at least the yearly high of 87.
We’re getting close to it as like I’m saying, cause look one, two, three, four, five, six, seven, eight, nine, 10. So what two weeks ago from today we have a massive pop day. And then what a week ago we were last week, we get destroyed down to the 82 and now like where we are right now, we’re in the middle of that. So look for pending the market it’s Monday, but it’s a holiday. So I don’t know what the futures are doing, but if, if if anything goes, well, I would say, look for the 86 doubt industrials. I like it. If it gave him again, holding the 68 21, you can kind of see all of these basic materials or carnosine same pattern. They’re right around some, either resistance or support and looking like they’re going to, they want to make a big move this last week. Wasn’t very great for a basic material. As you see the last two weeks, they’ve been pretty stagnant. Rio Tinto Had a massive down. This is May 5th. This is all within one month. Basically what a 10 point drop overnight gains a couple points. Yeah,
I don’t, I didn’t see anything wrong with it when it hit here, but it flushed everybody out. And this is a gapper as you look, it seems like it likes the gap. This could be the, the professional gap, right? So what they will do sometimes is, you know, their gap, everybody down gap, everybody down. And so then you’re anticipating that it’s going to continuously go down and instead of it going down, cause like look had a big day and then boom, they destroyed. You had a nice day destroyed you. Right? So how here a lot of people would cause it’s really close to the lines, right? So a lot of people would guess that it’s going to be going down. So they short it right here. And then what do they do? They gap it higher. So that’s a professional gap. They get it in before everybody else could get in. And they, most of the time they run it. Let me see something.
See the profit gap. You see it better here. Like even overnight trading overnight trading nothing. And then even look at that there’s only 2300 contractors shares that traded at that to bring it up to that level. Well, at overnight it’s quite large because it was 200, 200, 200, 250,000. This is hours obviously. But then at four o’clock in the morning, 2300 shares were bought who was paying attention to that at four o’clock in the morning. Oh, that’s right. Nobody. Cause that’s what a professional gap is. And look here seven more than 23,000. Right? So there’s no, there is literally no way you would have been able to get, get in there. And that’s what I mean by professional gap. There’s a lot overnight volume right there. Cause if you will right here. Oh wow. They have a lot of overnight trading in these last few days. If you see it, a lot of overnight trading International paper.
So yeah, it did exactly what I want you to remember. The last, this is, this is last week. So this is bringing us into the week. Hit resistance came down, hit resistance. Again, came down, did not break the low holding it. If it doesn’t break this low right here, look forward to hopefully break this 64 57. It did right here, but got rejected. So, but be careful because this one did not make a new high, so it could be a head or shoulder head, shoulder down, but it doesn’t, but we’re still, we’re making consistent highs, higher lows. So just look for it to break out. I would say break out [inaudible] Gap down, start picking up juice on Wednesday kind of nasty day on Friday. However
It makes basic sense. Cause look w resistance. It kind of got stuck in it tracks, right, right here, right here or here, right here. And then this is a little bit higher, but then right there, basically. So look above and then fail. I would say just give it another little day and we’re going above one 16. Cause if you pay attention, look at this with all of the basic materials, it looks like this. It just seems like this one is the first one to kind of break. It was a little bit before it’s it’s it’s classmates. And so it came down on Friday, but I’m saying I, I see basic materials having a good week this upcoming week. Well maybe not eco lab, but again it’s the same one, two, three, four, five one two three, four, five. So it’s basically the same thing, exact showing of all the other ones. I mean, we had this and we’ve had a massive drop-off right. So two 25 to two 15 to, well, but let’s look at the weeks
When you put it like that and you go weeks instead of days, it hasn’t really moved anywhere. Right. We had a nice little run up of one, two, three, four, five weeks straight up and then kind of got beaten down for the last, not very long at all. Well really we’ve been in a squeeze since March. So we are in a squeeze even before the run-up. We were above the place above the position where we were when we started this school, this squeeze, this is the squeeze down here, the red dots. I don’t see any problem with this. I do see like, look, we’re getting close to where the 50 weeks, 50 weeks support. I don’t like the momentum over the last two weeks, but I mean, that’s just the last two weeks. It’s been a squeezed for quite some time.
I’d want to see it above the 100 and kind of start making it above these, which you remember last week it was below, but it, it did make above, but it did not close the week above. So I’d like to see it close the week above, maybe above the one 17 or the two 17. If it hit the two type in 17 and holds it, then I look for the upward mover movement to probably two 30 to even higher to fit two 50. Cause it looks like it wants to break the two 30. It’s just having a hard, a decent or a difficult time to do it. So we stopped out here. This is last year, flushed out all the shorts and now was in November, October. And then since then we’ve been kind of on an upward, but in a range, in a nasty trading range where isn’t really going nowhere, it’s a pretty large rain.
It’s one 99 to two 31. And it’s almost the same. The range over here is a little deeper, but it’s basically the same. So if you want to really be more politically correct, the ranges for the last year is the 83 to the two, one 83 to two 31 with a little bit of a dip below and a little bit of a dip above. But other than that, it’s about it. Sherwin Williams paint about to get into a squeeze. Honestly, it kinda seems like it’s, we might have a nasty drop just down to 72, which it looks nasty on the chart, but it really wouldn’t be that nasty. It’s only 10 points and this, this sense it went three to one has been pair of balls. Aye.
I wouldn’t even be surprised. I would still say this stock is extremely bare or bullish. The date is see, look, you draw those lines and we’re right at Support Of the two 82. So it looks terrible, but it’s really not really not. I would even say it could drop all the way down to the two 68 and still be a bullish. But look at that the fifties above the 50% were, or the 50% for retracement. So I, the two 74 to 72 area, I do see that it could go all the way down to there. If it can get down there and hold there. I like to get in there. That would be beautiful because if it holds that, then we’re looking for at least the 30 or 20 to 20 to 20 to 30 point pop just to break the highs of the two 93, which I mean, this could take forever. So I mean, this was in May 10th. It’s May 31st right now. So it was 21 days ago that we hit the high and it’s just been in a range sense. So it could take a minute, but I do like it.
Excuse me. We start with financials. Look, this is Goldman Sachs. I mean, this is one, two, three, four, five. Remember this upcoming week we have a shortened week. Today is Monday the 31st, which is a Memorial day. I hope you guys are having a great day having barbecues and things. So just remember it’s a short week. Let’s go back to last week. One, two, three, four, five. This was basically Monday. If you, this is just beautiful, Which Is Wednesday would have been the time to get in. Right? However, we’re we’re we are trading right on this nine, the nine, and look at the 20, the twenties almost above 62, which is ridiculous because this is, this is, this is last week, the week before we go all the way down to here. It’s it’s basically the above it’s way above the low of the week before. Right? So we are building a lot of momentum and I mean, mind you, this is all pending on the market, right? Cause a lock-in changed over night. This last few weeks have been pretty crazy, which I would almost say it’s accumulation period drastic moves on getting weekends out before the next major move up. That’s what I would, I kind of perceive. So with this upcoming week, I, unless there’s some news, it’s a four day week. A lot of people might not be there. The volume might be light unless there’s something huge that’s pending. That’s just come out of nowhere. I see. We’re going to be trying to test this three 95, which is 20 points. Seems like a lot, but if we break out into three 76 and we break out convincingly, then three 95 is right around the corner. Let’s look at price T Rowe price.
This one it’s, we’ve hit it once two, three, four, five. So I love this T Rowe price. I think it’s beautiful. I think as massive potential, however, I would like it to come above and then come back and find support at 91, as opposed to it being resistance. C M E group. This is what I like. I liked this Monday, Tuesday, Wednesday. So look at our line, right? Two 15 is our line two 20 is resistance. We basically got knocked out of the resist at the two 20 Found came all
The way down below our line, but this is the key point. Look at this is Wednesday. It hammered basically. And it closed above the two 1592, which is extremely bullish in my book. And I would look for it to attempt again, just like what I said, Goldman Sachs and T Rowe price. Well with Goldman Sachs T Rowe price, this looks amazing. I would look that, you know, this upcoming week, we’re going to take out the two 20 and we’ll be looking to probably get resistance around the two 26. Now we could find resistance to the two 20 and come back down to two 15. I just don’t see it really coming because it’s coming up with a, quite a bit of momentum because you look at our bath. Our last trough was 11 points to eight to two 19. So if we say 11 points from here to 13 to 23 or 24 rather I don’t, I see us coming right. Or what is that right around here?
Black rock one, two, three, four, five. So yeah, we’ve done nothing this last week, which is amazing because it had every opportunity for it to break down in it. Wasn’t it? I mean, look at this. This is four straight days in the red, right? It says up 61 cents, but these are red days, four of them in a row. So they don’t get knocked up at night. They don’t constitute those green days, right? So we’ve had four straight red days and it’s done. It hasn’t even gone down, right? It is literally not gone below 81 or 87, 871 98. It broke above on Monday and it has stayed above and the nine is almost there. The 20 is almost there. I would say this one is poised to hit the nine 26 relatively fast. I liked that I would buy some out of the money calls on that Blackstone.
Just beautiful, just beautiful. The banks are just kicking butt and taking names. Aren’t they, if this stays above the 92 53, I’ve absolutely no fear. We wanted to stay above with the target of 142 F a S F a S be careful with it because it is a very highly manipulated cause it’s three times, right? It’s three X, the daily movements. So on a day, this is Tuesday, Wednesday massive wound from 21, 22 down to 14. So eight point move. And then the very next day we pop right back up to eight points back. So just be very careful with this timing and positioning is key, or you’re going to be holding the bag for a little bit. I do see this breaking out of the one 25. If we have a decent week, this upcoming week, we break out of the one 25 heads to the one 39. I want it to hold up, hold the one 27 oh seven. What you see over here? If we can break out, come back down. Then I would like to load back up for the push to one 39. Let’s talk to talk to Chuck Charles swab.
Well, this, we were in a squeeze. We were losing momentum of the squeeze, but yet we are building it back. And this is, I mean, this is a yearly all yup. Yearly all time high. We were knocking on the door of the 100% extension. Yeah, it it’s looking beautiful. We are tight. Our lines are right there. It’s the, these are small EDBD breakouts. They’re just like tight breakouts. We’re riding this line. Look at our, our 50 period. Moving average is slowly but surely creeping up higher. Yeah, I see a little bit of resistance at the 74 64, just because, but after I don’t see a deep resistance, I don’t see a dropping below the 70 mark. K K R. I want to throw this stop. I really want it to throw this stock. I I’m frustrated with it.
However, the Mo the downward pressure of this stock is succeeding severe subsided, and we were starting to roll back towards the upper echelon. So I would say it tied one, two, three, four, five, six, seven, eight, nine, 10, 11, 12, 13. So almost two weeks or three weeks of being in the same exact position. So I would say it’s held this position pretty strong. It does not want to drop and to getting in getting a little bit of positions, getting a little exposure. This would, I would say this would be the place to do it. Just because it’s been holding, if it wanted to drop, they had ample opportunities to drop it. They just happened. Bank of America, look at that. We are high and tight. We’re above line. We’re holding it. Let’s see what they did. Look at this. We broke out, got rejected, came all the way down. And what is this? The 20, I like how it broke below the 41 95. So it took out all the stops, right. But then it came right back above it and it closed above it. Even on a negative day. It’s above it. Yeah, again, this is pretty much synonymous with all the banks. It looks pretty lovely. Just be careful on your positioning and that’s it. And T R S Hey, beautiful.
I would say be careful, this, this likes to have a negative, big days as in look at this one 21 to one 15. So six days or six points in three days is pretty common. Cause look at com like we did it again right here. We did six points, three days here, six points, three days here, six points, three days here, give or take mind you. And then six points, three days here. And then these seven or four days we have our range is 18 to 23, which is basically five points. So just be careful, get, get in position, get a position that you enjoy, watch yourself. Cause it has the capability of flushing down to the 20 with the quickness as it did here. Right. But the 20 is above or one 16 levels. So it’s quite bullish. Watch the one 24 and then watch the pullback probably to about one 20 where I would prefer to rather get back in on the, after the touch of the one 24 36, come back down and find support. And there we go, have a wonderful Memorial day.
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