$DVN and oils - can you buy the dip now? 10-5-23 Market update

$DVN and other oils are going south. I look at that and other stocks - where are levels of support? Get my algo and a special offer on Trendspider - https://trendspider.com?_go=gary93  Get $50 off a year of Seeking Alpha.  https://www.sahg6dtr.com/2L9M597/R74QP/ TESLA referral -Use my referral link to buy a Tesla and get up to $500 off and 3 months of Full Self-Driving Capability.  ⁠⁠https://www.tesla.com/referral/gary82526⁠⁠ Social Links and more - ⁠⁠⁠https://linktr.ee/dailystockpick ⁠⁠⁠ FREE NEWSLETTER WITH CHARTS - subscribe at ⁠⁠⁠dailystockpick.substack.com ⁠⁠⁠ SPONSORED BY VISIBLE - Check out this page: ⁠⁠https://www.visible.com/get/?3P8FJPM⁠⁠  $20 off your first month - only $5 for the first month Sign up for Webull and get free stocks like I did - ⁠⁠https://a.webull.com/gGlte9iTQnfaDYFa4S⁠⁠ NOTES Listen to Tom Lee - the economist - not the drummer  #SPY Looking at the last decade of weekly seasonality data, we do see a strong recovery in both win rate and average return over the next five weeks.  US Treasury Bonds have now seen a larger percent loss from their highs than the S&P 500 did during the Great Financial Crisis.  📉  #SPY Rates this morning were down and then shot up Buy-rated dividend stocks for volatility and high rates - BMO All these stocks hit new 52 week lows at some point today Disney $DIS Bank of America $BAC Citi $C General Motors $GM American Tower $AMT Bristol Myers $BMY Conagra $CAG Devon $DVN L3Harris $LHX 3M $MMM Newmont $NEM Paramount $PARA Raytheon $RTX Square $SQ Target $TGT $AAPL Insiders at Apple sold over $64 million in shares yesterday, including CEO Tim Cook. 🍎 This was his first sale in six months. $AAPL also downgraded yesterday by Keybanc -  Trading near all time high multiples  Softness in US sales Not seeing strong demand for smartphones in the US meaning weaker iPhone sales here and Huwai selling new cheap phones in China Oil has collapsed down 5% under the 50 day moving average  $cost monthly sales - we just got earnings so it wasn’t a huge pop $rivn does a sale of notes which is a fund raise - this will be holding here and I think it’ll be fine - nobody remembers this sale in a month  $rblx up  $sco was a crazy good play  Social request  $dvn for Celia and others on fb  Macro economic factors of rates going up and bond prices being cheaper for higher rates - this is indicating a recession and energy will go down - that’s over doing the supply/demand side with OPEC continuing the production cuts and they are not driving prices higher SCANS $TGT $BA $SEDG $SPXL $UPRO $VTI $MAR $DE $DAL $BITW $PINS $HLT $SBUX $BIIB Covered Call ETFs $XYLG $XYLD $JEPQ