NVDA
NVIDIA
-- 131.760 TSLA
Tesla
-- 396.360 RGTI
Rigetti Computing
-- 8.9500 AMD
Advanced Micro Devices
-- 116.090 PLTR
Palantir
-- 65.910 
Breakout of Wedge Pattern on Crude Oil Futures
There is news circulating that the Iranian nuclear deal might be revived. This would allow Iran to sell more of its oil to the market. This would increase supply and would drop oil prices. so the Saudis quickly put out news headlines saying that they might tighten supply if the Iranian nuclear deal goes through. Apparently since the Saudis control most of the oil in the market, oil futures prices are spiking. How long will this uptick in price last?
The break out to the upside of this long-term descending wedge pattern is causing a lot of bullishness in all equities related to oil.
All of the sectors related to the oil industry and mostly all equities within the oil sector are all very green with lots of bullish strength.
$SPDR S&P 500 ETF (SPY.US)$ $United States Oil Fund LP (USO.US)$ $Exxon Mobil (XOM.US)$ $Chevron (CVX.US)$ $Valero Energy (VLO.US)$ $Phillips 66 (PSX.US)$ $Devon Energy (DVN.US)$ $Imperial Petroleum (IMPP.US)$ $Indonesia Energy (INDO.US)$ $Occidental Petroleum (OXY.US)$ $Mexco Energy (MXC.US)$ $Houston American Energy (HUSA.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Invesco QQQ Trust (QQQ.US)$ $iShares Russell 2000 ETF (IWM.US)$ $VIX Index Futures(FEB5) (VXmain.US)$ $Powershares Exchange Traded Fd Tst Db Us Dollar Index Bullish Fund Etf (UUP.US)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $SPDR Gold ETF (GLD.US)$ $iShares Silver Trust (SLV.US)$ $Crude Oil Futures(MAR5) (CLmain.US)$ $Ishares Iboxx $ High Yield Corporate Bond Etf (HYG.US)$ $Ishares Iboxx $ Investment Grade Corporate Bond Etf (LQD.US)$ $Copper Futures(MAR5) (HGmain.US)$
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JustSurface : Took profit on oil positions I was in. Looking for direction confirmation before getting back in $MICROSECTORS OIL & GAS EXP. & PROD. 3X LEVERAGED ETN (OILU.US)$
$MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD.US)$
Dons hobby : Back in at .397
Violets : my expiration dates are way out but wondering if I may start selling a little
SpyderCall OP JustSurface : good idea. it is possible that oil might not break out. it is also possible that oil could stay range bound for a bit with this 94 to $95 resistance level. or oil could completely break out. we got to watch this Iranian nuclear deal closely. and pay attention to OPEC. because if oil breaks out and rips to those previous highs like natural gas did then that will be very bad for inflation and for equity markets
SpyderCall OP Dons hobby : if oil continues to break out above This wedge then all of these oil stocks should get some good green days.
SpyderCall OP Violets : were you long or short oil?
JustSurface SpyderCall OP : My $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ position is already betting this will happen
Dons hobby SpyderCall OP : I love to hear YOU say that my friend.
SpyderCall OP JustSurface : are you in an option on sqq or just shares?
Dons hobby SpyderCall OP : You know me bud the only thing I have ever done is buy and sell shares. Still want to try and an option
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