Buy energy on this weakness - market update 8-15-22

I think buying energy on weakness today is the play. With oil at $88/barrel you're looking at close to the lows IMO. 

$MU for Liam

$Zip for Brian - earnings coming up and employment market

Earnings this week will be key … remember as traders a key is patience - don’t force a trade just to trade - have a plan and execute it - if things go wrong always have an exit strategy too

$WMT $LOW $HD $TGT

Maybe start a newsletter … I have that and video on my to do list

Oil down $4 to $88 - which means all our energy plays are down …. Buy them on weakness - Saudi said they could increase output but Dec russian sanctions and China demand are still lingering

Look at $uco down 10%

China cut rates after their economy slowed and numbers were weak … every other central bank is raising rates with inflation around the world ….

$AAPL testing ads in their apps … with their base this could be huge for the stock

$FPX $DVN $OXY $CVX $XOM $MRO $FANG all down 3%-4% - buy on weakness

$TSLA - made 3 million cars

Scans

$Nke at $115

$Tgt $172

$Qcom

$Orcl

$Amat

$Sedg

$Rblx - interesting that I saw a report over the weekend that the only place creators are making money in the meta verse is Roblox and not meta because roblux has the users