$XLE, energy and oil - BIG MOVES - 4-3-23 Market update

Notes for the show are below some of the links, but I focus on $SPY $QQQ $DPST $FRC $SCHW $AAPL $MARA $SQ $PYPL $BOIL $UCO $XLF $XLE $BABA $META $GOOG $NVDA

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NOTES

$tsla beat on deliveries but with the run up - not sure about the stock - that $250 gap may be filled before the $180 

Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an immediate rise in prices and the United States called inadvisable.

Remember too - China hasn’t returned to full oil usage - analysts are all calling for $100/barrel for oil this summer. That means $XOM $CVX $FANG $PXD $DVN or any energy that’s involved upstream or downstream on oil will be pushing shareholder value.

BTW - Biden admin said they would refill SPR (strategic petroleum reserve) at $60/barrel - it never got down there - OPEC doesn’t like oil this low - they will cut production to drive oil up. 

Big for $uco 

Remember I said $xle and $xlf were beaten down and need to come up to meet $xlk 

April seasonality for $qqq $spy $dji $iwm 

New sponsors - Reese’s and Scott’s on Spotify 

Weekly stock pick - $aapl 

$AAPL heading in to a rising wedge on the monthly since 2000

Stephanie link said she would buy more $cvx $fang and $slb 

Leon cooperman is at 20% energy 

$edr buying $wwe 

$AI up 226% in the last 3 months - Trendspider has a TW Pivot indicator that’s crazy how it predicted this. 

Also look at $BBAI $SOUN

$DVN - holding for dividend paid off - if you reinvested dividends - you got the Friday price - and you’re up 6% in premarket

Energy names list in Trendspider

$UNH way up after Fri govt said it wouldn’t cut healthcare spending

SCANS

$MSFT

$PANW

$CRWD

$TSM

$META

$MRNA

$NVDA

$RBLX

$COST

$ETHE

$SMMT

$TTD

$MARA

NO SHOW ON WED THU OR FRI OR MON TUE WED