Looks like a deep red open, maybe down 20 on SP500, 150+ on Dow. Risk off--no one wants to be a hero/knife catcher here. Maybe at SP 1900.
Any stabilization/rally in the looney (can. $) could add lots of fuel to the rally! Easily a $5-8 upmove.
expect 50% water cutbacks or worse. People will be demanding water from desal plants. They will NOT drink sewer water!!!
Planting delays also.
Hail especially bad.
This is a true catastrophe.
California needs water and CWCO can deliver water.
Break of $25.50 area generates downside target of $23.25-23.32 on UUP; if that is broken $22.93.
Price of oil & refined products have plunged.....lower cost of mining.
Dollar cost average into NUGT, SLV, GDX etc.
Maybe not buy NUGT unless it gets above 50 day m.a.,, but don't sell short--could have your head handed to you.