This week is due to be very interesting as the NFP (Non-Farm Payroll) for May will occur on Friday and between today (which is a holiday) the rest of the week should set the tone for the second-worst month for stocks in a year after May …
Meanwhile, several opportunities took place and we will focus on 2 of them today:
Crude Oil Stocks- The “Black Gold” suffered an overall 10% drop since Friday after Russia and Saudi Arabia ministers of finance announced an increase of Oil production – which led investors to take a “step back” after a rally on Oil – more in the following article:
Netflix (NASDAQ: NFLX) – the stock breached all resistance levels and is traded at all times high – that is while the rest of the FANG stocks are traded at resistance levels with no ability to break (as of now) – cautious is advised as the P/E is still at a high level for the stock and the income level does not justify the current level of worth – but the market has its own valuation – what do you think?
Naturally, a week with NFP at the end of it should be very interesting – so plenty of movements are expected this week – stay tuned…- https://www.forexfactory.com/calendar.php