Mike Khouw sees upside in a surging name during an oil surge. Read that sentence again. A trader looked at something already surging and concluded it might surge more. This passes for analysis.
The headline refuses to name the company. Calls it "this surging name" like we're playing financial Guess Who. Did your stock already go up? Does it have exposure to oil? Congratulations, Mike Khouw might think it goes higher. Revolutionary.
Khouw breaks down how he's trading this energy name. He's trading the thing that's moving. He identified momentum by watching the chart go up and to the right. Then he shared this observation on television. Somewhere a retail trader just liquidated his index funds to chase whatever ticker symbol flashed on screen during this segment.
The oil surge continues means oil went up yesterday and today. Two days makes a surge now. We've lowered the bar so far you'd need a shovel to find it. By this standard my weight gain over Thanksgiving was a mass surge. My neighbor's grass height between mowings represents a vegetation surge. Everything surges if you refuse to define the word.
Mike Khouw sees more upside in something that already went up. This insight required breaking it down on camera. The breakdown presumably involved pointing at a green candle and saying that's good. Technical analysis at its finest. Draw two lines. Make them converge. Call it a pattern. Tell people to buy.
The energy name remains unnamed. Could be Exxon. Could be Chevron. Could be some levered ETF that resets daily and will eventually implode. Doesn't matter. It's surging. Mike Khouw said so. That's your cue to buy the top and screenshot the loss for tax season.
Photo by Marcus Reubenstein on Unsplash
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