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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.
By Gary Vaughan5
33 ratings
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.

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