Name and its time to risk less and make more. Options action starts now. Welcome to options action, we begin with crude oil, and the wti rallying 25 as investors bet that the worst is over for the energy space our carter worth says hes got the chart to prove it. What are you seeing, carter . Well, a bunch of charts something that happened this week, seven weeks in a row, the Energy Sector is up and thats only happened eight times in the 32year history of the sector and the probability of occurrence of 0. 5 follow through is usually pretty big. So, first, what do we know we know that the sector bottomed actually before the market we see on the first slide here that the Energy Sector bottomed on the 19th, a thursday, while the market went on and made its low on monday the 23rd we know this ricochet has been huge and were talking about double the market and it dropped 65 and the ricochet up 25 is twice that of the s p up 34 and then this is the interesting thing. The next slide youll see
And that would not be the weirdest thing that happened this week with tesla mike khouw downshifts on the name and its time to risk less and make more. Options action starts now. Welcome to options action,e wti rallying 25 as investors bet that the worst is over for the energy space our carter worth says hes got the chart to prove it. What are you seeing, carter . Well, a bunch of charts something that happened this week, seven weeks in a row, the Energy Sector is up and thats only happened eight times in the 32year history of the sector and the probability of occurrence of 0. 5 the followthrough is usually pretty big what do we know . We know that the sector bottomed actually before the market we see on the first slide here that the Energy Sector bottomed on the 19th, a thursday, and the market went out and made its low on monday the 23rd we know this ricochet has been huge and were talking about double the market and it dropped 65 and the ricochet is up 70 twice that of the s p up 34
This week with tesla mike khouw downshifts on the name and its time to risk less and make more. Options action starts now. Welcome to options action, we begin with crude oil, and the wti rallying 25 as investors bet that the worst is over for the energy space our carter worth says hes got the chart to prove it. What are you seeing, carter . Well, a bunch of charts something this happened this week, seven weeks in a row, the Energy Sector is up and thats only happened eight times in the 32year history of the sector and the probability of occurrence of 0. 5 what do we know . We know that the sector bottomed actually before the market we see on the first slide here that the Energy Sector bottomed on the 19th and aed there while the market went out and made its low on monday the 23rd we know this ricochet has been huge and were talking about double the market and it dropped 65 and the ricochet up 25 is twice that of the s p up 34 and then this is the interesting thing. The next slide youll
Remains solid. Joining us for the hour is stephanie link what do you think the theme is here we started the day up almost triple digits on the day then loss were down triple digits now were somewhere in the middle crazy with earnings nonstop. The theme today is the shift right back to growth from value. Thanks to paypal, thanks to microsoft, thanks to service now, and value is under performing because i think its all about 3m and what they said. Weak china, weaken you a, to no green shoots after yesterday where caterpillar gave us some hope and boeing gave us hope today took it all back some commentary from the industrials so far, honeywell last week as well, some of the commentary has been a little bit better around china so i wonder how much of this you think is 3m specific and where their end markets are focused versus the broader sector especially in electronics i do think they have high variable costs at 3m so they have some Company Specific issues. They didnt take production down
Drowning when the wave actually breaks options action starts now. Lets get right to it its been a rocky road the group transfers out following 3 take a look at some of this weeks worst performers, delta, ryder, norfolk southern. American airlines. Our chart master says this could be the beginning of a bigger branch out ahead just that imagine a recovery in the market transports are down 3 it says a lot about a lot of things a one decade chart doesnt tell you much, most everything is up over the past decade relative performance from the transports to the s p, we are basically, weve undone the entire thing we are back to where we were in 09. That is the issue that is the problem its this persistent and chronic slide. Even as the index, itself, has had advanced all right, take a look at one or two things another what i to look at it more immediate rather than a ratio chart is a comparative chart. So over the past five years, you see the two colors, the two lines. S p here of course, trans