NextDecade (NEXT), an LNG company, is a high-conviction, multi-month trade opportunity due to its recent regulatory clearance and the global LNG supply situation, with potential for significant upside from its current support zone near $5.
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ISRAEL Is About To Make The Stock Market Go Crazy
The creator discusses the volatile market conditions driven by geopolitical events in the Middle East, specifically the conflict between Israel and Iran, and its impact on oil prices and the broader stock market. They highlight potential trading opportunities in ETFs like UVIX and USO, as well as specific stocks such as SNDK, UMAC, Oxy, APA Corp, Palantir, Affirm, and NEXT, while also mentioning the S&P 500's performance and recession indicators.
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Tickers discussed in this post
Affirm (AFRM) presents a downside opportunity if it breaks below the support level of $43.83, continuing its recent sell-off.
Palantir (PLTR) is a downside continuation play if it breaks below $15.185, following the overall market's decline today.
APA Corp is a momentum play to the upside if it breaks through its day's high of $36.77.
Oxy is poised for continuation upwards if it breaks the day's high around $58.80, supported by rising oil prices and its strong recovery today.
SNDK is a short opportunity if it breaks below its previous all-time high around $7.25, especially after MU's earnings negatively impacted chip stock sentiment.
UVIX is a bullish play as increased market panic and volatility drive its price higher, with potential for significant gains during market downturns.
Despite reporting good earnings and guidance, Micron (MU) stock fell, negatively impacting sentiment for chip stocks heading into the next trading day.