The Moskowitz Report (HES, BBRY, EOG, TSLA, EA, BP, FB, TTWO, RIG, AAPL, OKTA, MRO, NTES, SIG, XOM, BA, OXY, NVDA, WB, COP, GOOGL, CVX, AMZN, PSX, IBM, APC, OILU, XLE, MCP) - Stock Market Commentary for Thursday, Jun 08, 2017
Todays’ market was dominated by the action to the downside in the oil. The market was expecting a draw down in crude and gasoline and instead got a build in both. We were weak all day but accelerated during the afternoon and closed down 2.47. The rest of the group reflected the weakness with EOG -2.68,CVX -.30, XOM -.23, APC -2.79, OXY -.76, COP -.88, BP -.82, PSX -.12, RIG -.46, MCP -.25, MRO -.54,HES -1.95 and XLE -.93.
Internals were even on the NYSE, but NASDAQ was 1.5:1 volume and 5:4 A/D. The big names came back a bit; GOOGL +5.07, AMZN +7.01, AAPL +.90, FB +.39, NVDA +1.86, NTES +11.78, TSLA +7.95, BA +1.20 and IBM -1.39.
Some other names of interest, EA +1.68, and TTWO+2.40. These are electronic gaming companies that have a position in the “watching others play” video games. WB +4, and OKTA also had nice gains today.
We sold half of our position in the SIG 6/55 calls on our 100% Up Rule, bought some BBRY and OILU.
Tomorrow is another day...CAM
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