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Tech Bounce And Expensive Oil

Mar. 09, 2021 4:52 PM ETInvesco QQQ Trust ETF (QQQ), XLE, ICLN
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KarlStrom's Blog
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  • Is ICLN "out of the woods"?
  • A bounce in Tech.
  • Overbought Oil and stretched XLE.

Questions discussed in this 09.03.2021 update:

- Is the correction in green/clean energy over?

- Is Tech ready for a bounce?

- Energy/Oil overbought and at resistance level

PS: Comments are not recommendations For more information about this way of thinking, read “Paleo Trading: How to trade like a Hunter-Gatherer” available on Amazon. 

All charts are from the Infront Professional Terminal, and the video was recorded outside of Oslo, Norway.

Analyst's Disclosure: I am/we are short CVX.

The Paleo Fund bought some out-of-the-money put options in CVX and COP today, and currently holds some calls in ASML. These are relatively small trading positions, and may change on short notice.

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