Solar, Natural Gas Alert Dead On
Yesterday, an article was published from yours truly discussing the recent massive move up in oil. The United States Oil Fund LP (ETF) (NYSEARCA:USO) had jumped over 30% in the last six weeks. The article discussed how money flow would start to cycle away from oil as the easy money had already been made and focus on natural gas and alternate energy like beaten down solar stocks. View article here. I mentioned the United States Natural Gas Fund, LP (NYSEARCA:UNG) and First Solar, Inc. (NASDAQ:FSLR) as two candidates to profit from. Sure enough, the Natural Gas Fund is trading at $7.87, +0.20 (+2.61%) today while First Solar is trading at $45.09,+1.03 (+2.34%. Note that both of these up moves come on a down day in the market. In addition, oil is selling off sharply today.