Love the content. Regarding HAL and SLB, thoughts on the counter-argument that Venezuelan oil can only feasibly be produced with brent pushing $80s, which seems quite a bit away?
That's possible, I wouldn't know to be honnest. I could also say that it doesn't matter for those two names for two reasons.
1. the market anticipates. So maybe not today, but could be true in a year time.
2. HAL and SLB are not about production per se, they are about up-stream (research and planning). So even if production cannot start for economical reasons, it doesn't mean research will wait.
There's more to those two assets than just Venezuela as well!
Great stuff, as always. Funny, you mentioned $190 for LULU. I set limit orders early last week at $190 and $185. I’d love to start a position there and also buy some calls.
"Price Action - The market loves the weekly 21-50 gap, and so do I. There's nothing else to do but accumulate on this name as long as execution continues, and nothing points to it stopping."
As if we'll see it again, I cannot say... I didn't expect to come back that low tbh so I'd say we're more likely to go higher than lower but I have no clue!
Love the content. Regarding HAL and SLB, thoughts on the counter-argument that Venezuelan oil can only feasibly be produced with brent pushing $80s, which seems quite a bit away?
That's possible, I wouldn't know to be honnest. I could also say that it doesn't matter for those two names for two reasons.
1. the market anticipates. So maybe not today, but could be true in a year time.
2. HAL and SLB are not about production per se, they are about up-stream (research and planning). So even if production cannot start for economical reasons, it doesn't mean research will wait.
There's more to those two assets than just Venezuela as well!
Valid, cheers!
New live graph is amazing. So detailed. Love the little write ups when you click and buy prices! 👏🏼
Awesome! Glad to know, thanks for the feedback!
Great stuff, as always. Funny, you mentioned $190 for LULU. I set limit orders early last week at $190 and $185. I’d love to start a position there and also buy some calls.
great minds think alike ahah. I'd also buy that price if given!
I also have a position in TMDX I started around $125. I want to add lower, not sure if we’ll get it again. What are you seeing chart-wise?
Target: $121
"Price Action - The market loves the weekly 21-50 gap, and so do I. There's nothing else to do but accumulate on this name as long as execution continues, and nothing points to it stopping."
https://airtable.com/appoWGxr7XSlydbn6/shrPXfqjkYfeiIyMm
As if we'll see it again, I cannot say... I didn't expect to come back that low tbh so I'd say we're more likely to go higher than lower but I have no clue!
Thanks for the insight!