Episode 68: Buybacks: So Hot Right Now!

Boeing is up big! Plus $NVDA, $OKLO, $ELF, Housing, $GXO new board members, $GOLD short and the charts of the week and members Q&A!

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The Final Leg Up?

Issue 19

This week was the recovery rally most were waiting for with trade deals heading in the right direction. The UK deal and the China deal were the start with India looking like it could be next.

We also traded into a key technical area on the SP500 that we’ve talked about in this article and in the weekly PDF report and that’s where we’ve paused this week as we head into Friday options expiration.

The good news keeps coming for Boeing and GXO plus we’re still waiting our $VFC ( ▼ 0.43% ) earnings among other names.

Back to black.

$FCX ( ▼ 2.33% ) and $CROX ( ▼ 1.61% ) made it into the report highlights this week with a few notes - they gapped up on the news so no new trades there but they remain key names to watch.

New Retail Buying: retail bought the dip while hedge funds reduced exposure and they’re winning right now. I had some notes in this weeks report about “shitcos” meaning companies who have terrible balance sheets but still trade with growth multiples.

$UNH ( ▼ 1.69% ) this name made it to our Boing Boing (left for dead) monitor a few weeks ago and now it’s extremely oversold with the news that came out this week. 

These names are “Trading Sardines” meaning we trade them NOT invest in them.

DeltaOne Highlights: some highlights for those in our DeltaOne group on $OKLO ( ▼ 6.56% ) and $ELF ( ▼ 1.96% ) Swing Trades.

You can upgrade to DeltaOne here free for 15 days.

@Antrazi & @Sandalyn

  @Adrian

 Conclusion:

My views are that we need to check back a bit on the market here in the coming weeks but overall this was a good start to a much needed relief rally. Technically we’ve hit the targets discussed in the SP500 so we’re watching with a close eye here to see if we can get some light risk-off after this weeks options expiry.

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