Print the page
Increase font size

Posted December 21, 2020

Scott Stewart

By Scott Stewart

5 Ways to Buy the Dip

Welcome to Rude Awakening for Thursday, December 17, 2020.

This morning, markets fell way off, despite the stimulus package passing.

The hype around the stimulus package was basically built into all the gains we saw throughout last week.

Now, with a new strain of the coronavirus popping up, reduced euphoria around the vaccines, we are giving back a lot of those gains.

As I write, the S&P is down 50 points, the Dow is down 185 points, the NASDAQ is down 172 points, and the Russell 2000 is even down nearly 20 points.

Another force driving markets lower is oil

3 Ways to Capitalize on Falling Oil

Oil pricing is dropping everywhere.

But, it makes for an opportunity for you to buy in at a lower entry on these companies, with the belief theyll rise again once the markets get back on solid footing.

First, look at Callon Petroleum Company (CPE), which is down nearly 7% on the day.

Then theres Apache Corporation (APA), one of my personal favorites to trade, down about 2% on the day.

And last for oil we have Occidental Petroleum Corporation (OXY), down over 4% on the day.

These are the three to look at for entry, and on our buys watchlist.

Another sector for purchase

3 EVs for Trading Potential

The electric vehicle market is seeing a lot of movement right now.

First, look at Tata Motors Limited (TTM), a lower priced stock, down over 8% today, this is a cheaper way into the EV markets, and its fallen way down today.

Also, we want to look at Tesla, Inc. (TSLA). Today it was officially added to the S&P 500, which is going to make for a lot more volatility with this stock today.

These make for good trading opportunities.

Have a great trading day, folks.

Well talk to you tomorrow.

Regards,

Scott Stewart

Scott Stewart

Editor, Rude Awakening

The BoJ Blinks… Or Did It?

Posted September 23, 2022

By Sean Ring

The Bank of Japan won’t be the only central bank to intervene.

Biden, Powell, and Putin Make the News All Bad

Posted September 22, 2022

By Sean Ring

A fumbling US president, a bumbling Fed chief, and a stumbling Russian president walk into a bar…

Let’s Get Nuclear! Nuclear! I Wanna Get Nuclear!

Posted September 21, 2022

By Sean Ring

Oh, not about the war, I hope. About good, clean energy domestically made.

The 10-Year Yield Roofs It

Posted September 20, 2022

By Sean Ring

At a decade high, the 10-year yield is causing all sorts of trouble.

How Movements Turn Into Rackets

Posted September 16, 2022

By Sean Ring

No matter the intentions, someone’s after the moolah

A Transitory Column

Posted September 15, 2022

By Sean Ring

The Fed can’t get the inflation toothpaste back into the tube.