Massive Oil inventory drawdown in the report tonight. Oil and Stocks should gap up tomorrow if not on the open when the main inventory report comes out at 10:30 am. I had peak exposure today but sold my ATH, CPG, CVE, and half my MEG at close to daily highs today. Wish I hadn't now but my overnight risk was way too high and it is possible to buy in first thing on these stocks lately. Still have a huge Baytex position and a lot of cash I may throw back into these stocks if things look good first thing. Lucero is stuck my standing sell orders haven't filled for a week. Cenovus has had good price action ( large cap ). MEG, WCP, CPG have stalled out but could start up if they break key levels.
rolling paper stock- Zig Zags Turning Point Brands reports Q2 adjusted EPS 79c, consensus 59c » 07:44 TPB
FAIR VALUE ALERT********** Assessing a stock market's fair value is a tricky task, the market always over shoots both ways, so often you think your value is significantly higher or lower> What I do is wait for the stocks to stop reacting to good news- For the most part that is happening today. 4 or 5 real clean earn reports that even had next QTR escalators in EPS and views... they are not going up. This indicates to me that right where we are now-- IS FAIR VALUE----
One of the few names moving off earn- wouldn't chase it. YOU Clear Secure, Inc. $22.73-0.98(-4.13%)4:00 PM 08/01/23 NYSE |$USD |Pre-Market:$25.34+2.61(+11.48%)<------------- 7:41 AM
THE DAY THE MARKET DIES********** SoftBank's Arm seeks $60B-$70B value for September IPO, Bloomberg reports » 05:50 SFTBY
TED- CLOSE THIS TODAY> NOT SEEING THE LIFT OFF TODAY'S PR! NKLA Nikola Corporation $3.120.45(+16.85%)4:00 PM 08/01/23 NASDAQ |$USD |Pre-Market:$3.14+0.02