While there is some uncertainty out there some energy names shaping up pretty nice and give some decent r/r
XOM – weak open 91 and perk from there for a long
VTNR – build up above 10.5 if will push thru 11 and hold might have a leg up
OXY – looked like would reject 63.5 but then had a mean reversion and closed strong so any dip vs 63.5 will take in consideration for a long
SBLK – on radar in case will push thru 30 and build above – long bias
Reactive trades
RDBX – push and fail against 6.5 for a short
SNOA – if holds above 3.5 we might see a perk later in the day if somehow will push towards 4.5 then yeah we can talk about shorting but unless that type of move just sit on hands
Semi’s
AMD – Some relative strength on Friday if will manage to hold above 94 might drag some other names with it
SIMO – related with what i have wrote above, beat e/r but not an auto buy but if will hold above 90 in the next coming days then yeah will be interested in a long
EPAM – beat e/r nothing crazy but still broke the range and holds will watch any push thru 350 and if will perk will add once will clear 362 area work around core from there and potentially swing some
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