Time To Buy Oil Stocks Again
The stock market continued its rally as risk on sentiment was boosted after Tesla & Elon Musk made waves in the market. Despite tech stocks rallying, the odd part was oil still managed to go up. Although oil stocks on the SP500 didn't close green, the price of WTI & Brent climbed throughout the day. With that being said, I go over if now is a good time to buy oil stocks again and how that relates to the current risk on sentiment. April has historically been the best month for the stock market over the last 25 years, so depending on how oil does this month and how traders react, this will either hurt or help. I also go over transport stocks and the warning signal they have been giving, and the other key catalysts to watch in the market this week. I also go over my portfolio and trades for the day. I got UNG stock & OXY stock as oil related plays. Then I grabbed ABNB stock as an early earnings trade. EITHER WAY ITS GOING TO BE EXCITING SO I HOPE YOU ARE READY! POST YOUR WATCHLIST BELOW AND SEE YOU IN THE MORNING!
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DISCLAIMER: These videos are for educational purposes only. Nothing in this video should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial advisor before making any financial decisions.
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