These posts were just published on ZYX Short Sell Change Alert.
Short selling a 20% tranche in USO right here at $11.03. More later.
Consider building a total position in USO of up to 40% of the full core position size in the zone of $10.85 to $11.25. Stop zone $11.36 to $11.67. Target zone is $9.66 to $9.88. Consider NOT using futures because of extreme volatility.
Crude inventories came at +2.0 M vs. consensus of +1.75 M; gas inventories came at +1.61 M vs. consensus of -1 M draw; distillates came at -1.7 M draw vs.
The Arora Report provided a timely alert to its paying subscribers on AAPL prior to earnings and before the big stock drop.
This post was published on ZYX Buy Change Alert.
AAPL is long from $18.71. It is trading at $104.67 as of this writing. Partial profits have been taken. AAPL will report earnings after the market close. There are very negative whisper numbers floating around. Lots of bearish bets are being made.
AAPL derives over 70% of its profits from iPhones. Consensus is for an 18% decline in iPhone sales.
Considering that Wall Street positioning is negative and sentiment is negative, there is a fair probability of the stock going higher if the projections are not too bad and Cook can focus the market on iPhone 7 the stock may go higher.