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Sinking Crude

Sinking Crude

Crude($USO) is heading for its second straight weekly loss of over 6%, the two worst weeks of 2019.  The USO will also finish out this week below the declining 40 week moving average, the first weekly close below this MAV since March 15th.  Needless to say, overhead...

SNAP: Looking for More Upside?

The second largest single name stock option volume leader today was SNAP June 7th $12 calls. Over 34,000 of them traded at prices generally between $.35 to $.45 with the stock ranging from $11.65 to $12.20 on the day before closing at basically at $12.00. Part of the...
Bed Bath & Beyond

Bed Bath & Beyond

BBBY is soft again today(activist news) as the stock extends the post earnings flush(4/10) to a 34% loss.  Last week shares blew out gap support near $14.00(3/26 breakout gap/activist proxy) and are now approaching another important gap.  Back on January 10th BBBY...
X

X

On May 2nd we looked at Steel and mentioned a series of lower highs and lower lows.  $ 14.43 was the price then. Might be headed to support at 10.  Just a reminder that it’s not a Stock Market, but instead a Market of Stocks.  Keep the winners and cut the...