So by now you've heard all about Oil, and you're probably loving the low fuel prices. If you're an investor you're also probably wondering what the hell is going on with the economy. Well, I'm obviously no expert but this is just my opinion based on charts, and I'll also tell you how I'd play the recent oil volatility...
#1...This chart is scary for obvious reasons. It shows just how much oil is sliding and how long its been since this kind of slide has occurred. However there is a diamond hidden in the rough. For the smart investor, this is a golden opportunity.
"Buy low and sell high"
Idea -If oil is in for a big slide, I would go for a short. Make some money while riding oil's down turn. Once things start looking up, take your profits and then invest in the oil bull market. This could be some time away if oil doesn't show some life soon.
So today I'm looking at the Nasdaq...I see some potential shorts here.
AMZN - all week it has been going down and I think this could hit another 2 point loss today. I'm hoping for an early dip from 316 to somewhere in the 314.80's
NFLX - I'm looking for a short going from 350 to 345
***BUY STOCKS AT YOUR OWN RISK! Always do your own homework before investing a penny, good luck!***
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