Charts thats so disturbed. And i just sold amazon on the call. Mark, mark, we have a way better what i to trade amazon. Well break it down. The action begins right now. Lets get right to it. Crude comeback the commodity rallying 1 to 3 , having the best week since march. It left Energy Stocks in the dust, this leaves us to wonder could oil be a value trap . Mike, what do you say . Its a little of a rebound, but crude prices are obviously still exceptionally weak and you know we also one of the things we we heard a lot of people talking about this week as well are concerns about corporate debt level. This is an industry that has very high debt level. So that obviously is an area of concern. The recount did tick up as well. Domestic demand is not that great. Obviously, all of this rests highly on what opec ultimately is going to do. But our increase in production is probably enough to offset any of the cuts that they have been talking about recently. I mean, so its always about what is t
Well break it down. The action begins right now. Lets get right to it. Crude comeback the commodity rallying 1 to 3 , having the best week since march. It left Energy Stocks in the dust, this leaves us to wonder could oil be a value trap . Mike, what do you say . Its a little of a rebound, but crude prices are obviously still exceptionally weak and you know we also one of the things we we heard a lot of people talking about this week as well are concerns about corporate debt level. This is an industry that has very high debt level. So that obviously is an area of concern. The recount did tick up as well. Domestic demand is not that great. Obviously, all of this rests highly on what opec ultimately is going to do. But our increase in production is probably enough to offset any of the cuts that they have been talking about recently. I mean, so its always about what is the more important data point in terms of price action. We started out saying it rallied 3 . Is that more important or th
Dan will break it down. And later. Come a bubbling crude crude oil just made a run to 50. But theres something in the charts that could spell trouble for black gold well tell you what it is. The action begins now. All right, welcome back, everybody. Lets get to it. It really has been quite a wild couple of days for technology. The nasdaq posting its first backtoback day of losses in a month after earnings spooked investors. But the true test comes next week, when the biggest name in the space, the biggest name in the world reports, and that is apple. So two questions what can we expect from apple . And should investors be bullish or bearish lets get in the money dan . Well, you know, you mentioned this string of losses, two, in the nasdaq thats all weve got. Thats a sign of the market, when we say two days of losses is the worst in the month. So i think it makes sense to go back and look at the biggest names. We had amazon last night, facebook early in the week, google, and microsoft,
Dan will break it down. And later. Come a bubbling crude crude oil just made a run to 50. But theres something in the charts that could spell trouble for black gold well tell you what it is. The action begins now. All right, welcome back, everybody. Lets get to it. It really has been quite a wild couple of days for technology. The nasdaq posting its first backtoback day of losses in a month after earnings spooked investors. But the true test comes next week, when the biggest name in the space, the biggest name in the world reports, and that is apple. So two questions what can we expect from apple . And should investors be bullish or bearish lets get in the money dan . Well, you know, you mentioned this string of losses, two, in the nasdaq thats all weve got. Thats a sign of the market, when we say two days of losses is the worst in the month. So i think it makes sense to go back and look at the biggest names. We had amazon last night, facebook early in the week, google, and microsoft,
Later crude oil just made a run to 50. There is something in the chart that can spell trouble for black gold well tell you what it is. The action begins now. Welcome back everybody, it has been a wild couple of days for Technology Nasdaq posing its backtoback losses after earning its alphabet google. The biggest name in space, the biggest name in the World Reports thats apple two request, what can we expect from apple and should investor be bulished . Dan over the last week and a half, it makes sense to go back and look at the biggest name drive. We had amazon and facebook and google and microsoft, thats about 2. 3 trillion on market cap. A 4 move in either direction of those. They under performed those moves. These are stocks that are up 30 or 40 i think thats incentiv structie you can assume that it is likely to under perform its 4 . It is interesting when you talk about what amazon did, first of all, we have seen this kind of thing many, many times before the price of these stocks a