Energy isn't done - oil is running - Market update 6-28-22

Oil will go to $140/barrel. Leaders of the world are talking about it now and knowing that supply just can't increase in the next 6 months while demand is going to soar with China opening and Russian oil embargo. 

Today's stocks:

$MU - love this in to earnings

$CVX - cross up - buy below $150

$XOM - cross up - get it under $90

$DVN - it's over $60 on the cross up so expect it to go back to $70

$OXY - over $60 - take your 10% and move on when you have it. 

$FANG - love it - great opportunity on the pending cross up

$PXD - I think it's going back to $270

$MPC - Cross up 

$UVXY - the VIX is going to 24 and then will shoot back over 30. Buy $UVXY at $13 now. 

$BOIL - I think Nat Gas is going back up now - $KOLD had a great run. 

$UCO is going back to $55. I like it just like the other oil companies above

$META - anything under $200 is still my guidance 

$GOOG - if you can get it in the $2200 price range, it's a great long term buy 

$SNOW - up 18% MTD - I like it back to cover the gap above $200 now

$CLF - if you can get it under $16 I like it - but I think we are going to $20 from here with their earnings

$QCOM - it's Forward PE is 9 - great opportunity here

$NVDA - great long term buy 

$UNH - I think we are heading below $500 again so if you have profits - take them 

$AAPL - Trendspider has a fair value gap and Apple is in that now

$RIO - cross up - I like this going to $70

$BABA - will it run again? The RSI is very high - but what a run it's had

$WEAT - the RSI is too low - this has to go back to $10

$XLF - I like it now that the banks have passed the stress test and some have upped their buybacks and dividends. 

$MPLX - Cross up at $29 - I own it and love it with that dividend.