Here's how I'm playing it as oil stays above $70.
With weakness in the broad market averages, market players should hold out for a clear buy signal on REGI.
The technical patterns of companies in the sector indicate they should underperform the broader market in the near term.
Investors have enjoyed the ride with the generator maker.
Prices have broken out above the highs of March and April.
FSLR is set for further gains.
The shares have made a strong rally from early November.
It's hard to be bullish on the energy storage company based on its indicators.
The choice is clear among large-cap producers that have been outperforming.
There is no shortage of oil, it's a timing game being held back for as long as possible to get the best price possible.