This week I was over at the Nasdaq MarketSite chatting with Frances Horodelski from Business News Network about being patient and waiting for a breakout in the Dow Jones Transportation Index. In this interview we discuss the importance of risk management and how to include opportunity cost into that calculation. I think the fact that Transports have yet to break out is a good example of this. We continued by pointing out the key risk levels in Crude Oil and a potential breakout in Google that we hope will come soon. We want to be buyers of an upside resolution to this year plus-long consolidation in $GOOG shares.
Here is the full interview:
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Oil at $70 and more upside for Google (BNN)
Tags: $USO $CL_F $GOOG $GOOGL $TRAN $IYT $DX_F $UUP