#watchlist : MAY 09 2021
As of Friday market close, the S&P 500 broke through the $4200 mark again and stayed there this time. We will see what this week brings and if the momentum continues or if it falls back below.
The major News Headline which I am following right now is the Cyber attack that occurred on the Top US fuel pipeline operator. This is very very significant because the is the source of nearly half of the East Coast fuel supply. Depending on how prolonged this is, it could cause oil & gas prices to sky rocket. So this is something to keep an eye on. Potential plays to take with this event are:
MicroSectors U S Big Oil Index 3X Leveraged ETN ($NRGU)
Direxion Daily S&P Oil & Gas Exp & Prod Bl 2X Shs ($GUSH)
Both are super risky plays mainly because they are Leveraged ETFs, but could produce decent returns if oil prices go up.
As always, this is not financial advice. I use this as a way to journal my thoughts and share with anyone else interested enough to want to read this, as well as for educational purposes only.