Ultimately, the same thing that contributed to FSLR skyrocketing this morning brought it right back down. Traders must have had buyers remorse. The excitement about tariffs potentially giving FSLR a nice boost and a competitive advantage shifted to concern about how to navigate a rapidly changing cost and logistical burden from shifting regulations. Definitely had to pull the rip cord and bail on that one quickly.
But the other pick we went back to this morning did great. Take a look at that chart:
USO could be the gift that just keeps giving as oil prices rise. The calls we looked at this morning jumped from $7 to over $9. OIH, the other ticker we mentioned moved up but not with as much speed.
I would expect some type of progress on cooling things down in Iran soon so lock in that USO win and put it in the bank.
Keep learning and trade wisely,
John Boyer
Editor
Market Wealth Daily
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