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Before you Trade Today: Know the Economic Calendar! Also See This Weeks Most Anticipated Earnings (Note: Red Indicates an Earnings Loss [Not Miss] Consensus), & Yesterdays Insider Buys.

INSIDER BUYS

TODAYS COMMENTARY Get a Cup of Coffee & Enjoy Catching Up! If you aren’t reading this daily you are missing out on a wealth of information that could prevent unforced & unnecessary trading errors.

BUY LIST UPDATE: Because I’m not adding in this environment (Yet) I’ve been including daily options ideas in the paid section of the daily newsletter (Below). These strategies are designed to be safe in a volatile & uncertain environment with a very low chance of failure over time. Nevertheless ASO (ON THE BUY LIST) absolutely smashed earnings yesterday! Academy Sports and Outdoors press release (NASDAQ:ASO): Q4 Non-GAAP EPS of $1.61 beats by $0.24. Revenue of $1.81B (+13.1% Y/Y) beats by $40M. Comparable sales of 13.1%. (The War in Ukraine is not priced in to these earnings … in short, the increase in gun & ammo sales. Quarter ended January 29th).

DO NOT FORGET THE INFLATION NUMBERS ON THE 12TH!: It may seem far away, but poor inflation numbers will be priced into the markets prior to their release! Higher & higher YoY inflation will increase the chances that the Fed will implement more aggressive rate hikes. The markets will react poorly to such a phenomena. As I said before, I think we will be lucky if we don’t see 10% YoY inflation by July/August. If you are intent on taking advantage of this possible downturn/uncertainty catalyst, you will need to beat the street … which can be complicated given assumptions on positive developments in the Ukraine.

ADP EMPLOYMENT CHANGE TODAY: 475,000 Jobs were added in February, down from 509,000 in January. The March number will be released today at 8:15ET & analysts expect 450,000 jobs added. The ADP Employment change usually always comes in two days prior to the government data (two days before the non-farm payrolls & unemployment rate). In January ADP expected a -301,000 Job loss but the BLS completely revised years of data in one of the most shady revisions in the history of economic statistics (In my opinion) which raised the numbers to a 509,000 job gain … an 800,000 job difference from ADP expectations. Some analyst expect that the revision will look good for now, but the chickens will come home to roost in the coming months. The BLS revised these numbers by counting more younger workers in their model while counting less older aged workers (who were more likely to be retired).

CONGRESSIONAL HEARING ON OIL: On 10:30 ET Wednesday April 6th the House will have a hearing with the absolutely non-partisan, honest, & accurate title of "GOUGED AT THE GAS STATION: BIG OIL AND AMERICA'S PAIN AT THE PUMP.” Yes, of course I’m joking about the title. But it should be good TV! A number of oil CEO’s will be there to testify to congress on the status of oil output among other items where some who are venerable in November will attempt to paint them as greedy robber barons. Should be fun! Either way these boring committee hearings are in part how I learned about the oil & gas industry & they are a great way to hear what’s going on directly from the mouths of the CEO’s themselves.

QoQ GDP Growth Rate & EIA Oil/Gasoline Stocks Change Reported Today: The QoQ GDP growth rate is expected to be at 7.1-7.2%. These are the final Q1 numbers as opposed to the preliminary estimates. Shouldn’t have much of a surprise here. I generally don’t pay attention to the oil stocks change but with skyrocketing prices I suggest we do. The lower the stock of oil/gasoline the more subject the current prices are to futures delivery prices. Last week oil was down -2.508m barrels & gasoline was down -2.947m barrels. This week stocks of oil/gas are expected to be down 1.022m barrels & 1.74m barrels, respectively. If they come in lower than this then expect a jump in oil/gas futures. Summer is coming folks!

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Significant News Heading into 03.30.2022:

• Stock futures edge lower after Dow and S&P 500 notch a fourth straight day of gains

• Treasury yields dip, but investors keep watch over bond spreads

• European markets pull back amid doubts over latest Russian pledges over Ukraine

• China stocks lead gains in Asia; shares of Evergrande’s electric car unit plunge more than 10%

• Germany Triggers Emergency Plan to Secure Energy Supplies (IMPORTANT IMPLICATIONS)

• Factbox-The Three Stages of Germany's Emergency Gas Plan (IMPORTANT IMPLICATIONS)

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PAID CONTENT IN THE PAYWALL BELOW:

• 11 Stocks near/at/above the Buy Zone (Waiting to Swing).

• 25 Stocks on the Price Based Assessment Watchlist

• 5 Stocks on the Stocks Under $20 List (Read the Warning/Disclaimer)

• 6 Stocks on the Highly Speculative Highly Volatile Small Cap List (Read the Warning/Disclaimer)

• 4 Stocks on the short possibilities list

👉CLICK HERE TO SEE THE DETAILS OF EVERY STOCK ON THE BUY LIST (AND SEE THE PRICE ASSESSMENT BASED WATCHLIST / THE STOCKS UNDER $20 LIST & THE HIGHLY SPECULATIVE LIST)

LOGIN INSTRUCTIONS: You will need to login to see the detailed list. The “email login link” will send the link to login directly to your inbox (Click the link & it will automatically log you in). You can also choose the “login with password” option. You will need to set up a substack password for this option.

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