The run in Natural Gas has been pretty darn impressive, feels like yesterday that it sat in the depths with a “solar will take over” narrative, I do love people sometimes 😂
JOBY and ACHR nice move yesterday pushing to monthly highs, upgrades and the narrative of trump wanting to remove the legislation for EVOLs could be the sentiment changer it needs. Currently have both on watch for a potential entry, I prefer JOBY > ACHR.
Gene Editing names pretty flat across the board, small bounce but nothing to get excited about yet.
Oil & Gas names still look great and the narrative remains intact, honestly, I’ve been here hundreds of times before. I really like a theme, build a thesis, then it takes a while for the market to think in the same way and the sector moves. Just watching the likes of Crypto moving again only adds fuel to the energy crisis. Every single sector moving requires a substantial increase in energy output. Looking for opportunistic moves to add, I may be very early so leaps are best here.
Basically all of the Mag-7 were green yesterday and NVDA reports earnings tonight. No doubt a lot of eyes will be on It but to be honest Semis haven’t done much for quite some time. Not sure NVDA has the needle moving power it once did.
Uraninium sitll hella strong and breaking out into multi year highs, if URA can build a range here it would be picture perfect on the larger timeframes.
TGT getting whacked from a big earnings miss will likely not help the recent sell off in consumer stocks, 20% drop PM is quite the move.
IZRL still shaping up nicely, lovely weekly flag.
Bitcoin names like MSTR are completely out of control, problem is the premiums are so juiced I’m not getting good enough R/R to short here.
$EL has been nuked and it’s some what warranted, but not to these extremes. A lot of their brands are still household favourites and whilst they now have competition from the likes of $ELF $ODD etc it’s interesting to see insiders start buying here. Director purchased $10m worth 4 days ago and then another $10m worth yesterday.. It’s getting to a point of deep value.
I am also looking into Psychedelic stocks as we’re expecting to see practically all restrictions in that sector lifted. Retail also seems to love this sector and when in theme it attracts a lot of volume. Currently researching which have traded best historically and building a list of qualifying names in the sector.
BIDU has earnings tomorrow morning and is expected to miss.. How much of the miss is priced in we’re yet to see.
Aside from that I’m still in “read mode” and contemplating on what’s next.
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