After my warning back on March 1st that demand in the stock market was weakening and that investors should be preparing for a correction, Friday's trading session brought all of the major indices down over 1%. Do I think the correction, after four days, is over?
The bulls on oil have been rampant for months now, and yet the price has declined over 50% since last summer. Thousands have surely bought in on the oil play to try and catch this “falling knife” and received a cut finger as prices continued to plummet. Now in the $40s, and with very preliminary signs of both fundamental and technical strength, is it time to buy, or is this going to just be another losing investment in a declining commodity? Let’s take a look, and then see we can create a better trade using options.
I've been working on two webinars simultaneously. The first one, "Bottom Fishing For The Next Winner - Big Bases" this Thursday night, should appeal to our right brained members. Bottom fishing is a tough game to play, as you are normally trying to find life in stocks which people have hated for years (think tech stocks after 2000). This webinar will show you one way how to find that hated stock which is about to come back to life and break out to the upside!