Jun. 15 at 4:43 PM
Plays for Monday:
$BATL - oil
$EONR - oil
Hedged against
$IXHL - biotech play (reasoning below).
Watchlist:
$SSY - needs momentum
$CLBR - merger play, want an entry at a decent price. Overbought if merger does not go through. May end up rolling profits from the 3 above into here.
With these oil plays you are betting on heavier tensions between Israel and Iran. Iran has threatened to close down the straight of Hormuz which would cause a mass decrease in the supply of oil thus, increasing the demand for oil. Making the price of oil rise.
Be careful with these oilers hedge against potential losses. Be patient, Be prepared, never bet what you are not willing to lose.
Good luck out there on Monday, wishing all my fellow bull 🐂 traders out their prosperity.
