In my opinion, looks like the weakness of earnings but temporary bullishness of SM will provide short term pop for financials to 28.2X then drop to lower support for next consolation leg down.
Will be watching this stock closely during next weeks. Look to continue upward momentum with high volume during seasonality or wait for test of support in high 20's. No position currently.
It looks like COP has been trending nicely for a few years and I expect the range highs to continue due to seasonality. Will look to revisit this in the low 50's around October.
Possible short term bearish to test support but low volume during volatile market suggests this is MM shaking inventory for run up. Back the truck up if support is tested!
