#1 – CRAZY CRUDE
Talk about fickle. After climbing about $6 dollars earlier in the week crude tumbled on Friday recording its biggest one-day drop in 16 years. How should you trade this one?
This is a thin August market, reminds Tradition Energy's Addison Armstrong on Fast Money. People are on vacation and volume is low so moves get exaggerated. And most of the trading has been technical. We moved through a lot of support and resistance levels.
Going into the fall I'm cautiously bullish oil, Armstrong admits. The $110 level looks like it's an area of strong support. But I also think the trading will be a bit constrained. There seems to be strong resistance around $125. It would not surprise me to see us trading in this range for a while.
#2 - WHAT'S NEXT FOR TECH