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Buy energy on this weakness - market update 8-15-22

15 Aug 2022

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I think buying energy on weakness today is the play. With oil at $88/barrel you're looking at close to the lows IMO.  $MU for Liam $Zip for Brian - earnings coming up and employment market Earnings this week will be key … remember as traders a key is patience - don’t force a trade just to trade - have a plan and execute it - if things go wrong always have an exit strategy too $WMT $LOW $HD $TGT Maybe start a newsletter … I have that and video on my to do list Oil down $4 to $88 - which means all our energy plays are down …. Buy them on weakness - Saudi said they could increase output but Dec russian sanctions and China demand are still lingering Look at $uco down 10% China cut rates after their economy slowed and numbers were weak … every other central bank is raising rates with inflation around the world …. $AAPL testing ads in their apps … with their base this could be huge for the stock $FPX $DVN $OXY $CVX $XOM $MRO $FANG all down 3%-4% - buy on weakness $TSLA - made 3 million cars Scans $Nke at $115 $Tgt $172 $Qcom $Orcl $Amat $Sedg $Rblx - interesting that I saw a report over the weekend that the only place creators are making money in the meta verse is Roblox and not meta because roblux has the users

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