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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: Added another options idea in the paid subscriber section below, but still not adding any more stocks to the BUY LIST. Pre-Market trading implies a green day but those inflation numbers on the 12th will be here before you know it. And the market will price in those inflation numbers before the date of release. We got a two week jump start on it! There may be some serious money to be made here folks! Remember an expectation of a high inflation rate will increase speculation of a violently tightening Fed … which is very bearish!

TRADING TODAY: Today at 0830ET we will gain some insight into personal income & personal spending (February). Consensus estimates imply an 0.5% increase in personal income for the month of February, & a 0.5% increase in personal spending. Should actual numbers come in below these estimates they WILL MOVE MARKETS! The personal consumption expenditure price index will also be reported today. Core PCE prices in the US which exclude food and energy are expected to increase YoY 5.5% for the month of February (Up from 5.2% in January). However on Friday we will receive unemployment & non-farm payroll numbers followed by the ISM Manufacturing PMI (Which has been declining). Bond yields today are prolonging the inversions mentioned in this Newsletter a few days ago & have even added new inversions (temporary I hope).

BIDEN IS DESTINED TO RELEASE 1M BBL OIL: No doubt after reviewing his poll numbers President Biden is looking for ways to reduce the price of fuel without increasing the supply of oil. Indeed the sanctions on Russia aren’t expected to take effect until a month after they were announced. So in a few days to a week, we will be receiving 700,000 bbl a day LESS oil. To mitigate this Biden is mulling opening up the strategic oil reserve to the tune of 1m bbl per day. Of course this stop gap measure can only last so long before the oil in the strategic reserve must be replaced … so it seems that he’s attempting to hold things low on the verge of the midterm elections. However refineries can only take so much, so oil producers are less likely to expand production while Biden is opening up the reserves & its still a global market; whereas Europeans are bidding more & more for American oil & less & less on Russian oil. Therefore this will have little effect on the overall price you are paying at the pump, & may even drive prices higher later. Of Note: OPEC is also meeting today and are expected to slightly increase production.

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.

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Significant News Heading into 03.31.2022:

• Dow futures are little changed ahead of last day of March

• Oil falls more than 3% as Asia stocks mostly slip; data shows contraction in China manufacturing activity

• European stocks muted after a tumultuous month for markets

• Oil prices slide as Biden considers huge reserves release

• Treasury yields fall, with inflation data in focus

• Russia appears to be softening its gas-for-rubles demand, easing supply risks to Europe — for now

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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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