We've traded within a .20 range for the past 15 minutes on SPY. Premium killer day.
context is everything with that. i need to probably add something for momentum on it.Charismatic Megafauna said:
Sounds like the right move, your indicator is going haywire. Chop chop chop
US oil and gas companies have officially begun to reduce their number of operating rigs.
— Otavio (Tavi) Costa (@TaviCosta) May 8, 2023
First 5-month contraction since 2020.
These businesses are in no hurry to increase production in a market where supply remains incredibly limited.
In fact, oil production is still 6% lower… pic.twitter.com/hRZBpPRyXd
wanderer said:
CNBC viewer.......better go update my spreadsheet
It will be hard to continue the scorching pace of 2022. On the other hand, XOM just reached a new ATH a couple weeks ago. Buy & Hold group definitely gaining an even tighter grip.BaylorSpineGuy said:
Hey Farmer, I consider you pretty much the most expert trader in O&G on this board.
That said, I had CNBC on at lunch and the energy sector has been worst performing sector since the year started. Is it possible that the energy buy/hold is just a crowded trade? Your analysis is basically spot on, but XOM is down 1% on the year, and others are also riding the struggle bus.
Farmer @ Johnsongrass, TX said:
SAVA $26.40 / +$3.38 / +14.19%
Just sayin'...
Quote:
7:13 am ET
Cassava Sciences Price Target Maintained With a $124.00/Share by HC Wainwright & Co.
Dow Jones
7:03 am ET
HC Wainwright & Co. Reiterates Buy on Cassava Sciences, Maintains $124 Price Target
Benzinga