Into the final two hours of trading, I am watching a bunch of these intraday pennants for resolution.
The 10-minute small cap ETF chart, below, illustrates this with the blue lines I have drawn.
PSO has a nice post-earnings bull flag, while SBUX is looking a bit heavy up here again after the earnings pop.
What are you trading?
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I’m holding FSLR which earning due AH. What do you think ?
You have a hot sector in 2013 and the dominant trend in your favor. But earnings are always a wildcard, especially with a high beta stock like a solar. Good luck.
Long NEON, OMEX, WEAT, QID
NEON has been a beast, despite the fade today. $8.25 & $8.50 re-trigger. OMEX still basing up here well. WEAT interesting bounce candidate. Been smoked the past year. QID nice hedge.