Another great hit by Neyo. This one gets to the top of the charts… watch. Hawaiian song up later tonight. I just wanted to show you I know I can pick a hot track like I can pick a hot stock.
[[mad]] … if we do get a bounce in commodities, and [[eev]] continues to slide, I’ll be mad about MAD.
– Small break above the 20 day
– FSLR reported great numbers last night
– Double bottom at 108.13, backed by volume
– Did I mention volume?
… we have a lot of trading room here. Look how huge that gap is! You can either buy First Solar, Inc. [[FSLR]] or [[tan]] which is the only 100% solar ETF out there, where there biggest holding is FSLR. JASO is not acting the way I want it right now, I don’t know, I feel it should be at least back at $7+. Anyway, I made room to make my first position in solars in November in my portfolio (long commodities, short equities, long banks, short real estate, blah blah). I’m waiting for FSLR to break 150 on follow-through volume.
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Vix under 64.42 = panic buying/short squeeze
EEV channel breakdown = panic buying
FSLR above 142 = buy [[TAN]]
Commodity sector extending rally… see Petrohawk Energy Corporation [[hk]] and GMX Resources Inc. [[gmxr]]
Dow above 9240 = NDX, SPX, Dow rally above days high at the 330, buy on retracements between 3-330
If you are interesting in shorting at the 3 or 330, see previous post.
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Strategy: fade the rally/hedge on profit taking, else no trades.
Vix retracement to 65.85 = short market, or long FXP or EEV
Dow intraday retracement = 9235
Contrarian indicator match: FXP ( intraday double bottom at 93.28) and EEV (channel range 95.58 – 98.29) at a discount. Strong probability for profit taking at the close.
Looking to hedge longs by getting long EEV (enter at low end of channel, set stop to few cents below the channel) on a channel breakout above 98, or FXP relief breakout above 96.50.
Lets get this market a little higher first. Dow trading +133 on quiet tape.
[[eev]
[[fxp]]
Petrohawk Energy Corporation [[hk]]
GMX Resources Inc. [[gmxr]]
Goldcorp Inc. (USA) [[gg]] …early profit taking in precious metals.
Comments »… waiting for the final hour to put in some day trades.
Right now its very choppy, so I wouldn’t make any big bets.
Right now I’m watching a few stocks that I want to trade either way.
Petrohawk Energy Corporation [[hk]]
DryShips Inc. [[drys]]
Goldcorp Inc. (USA) [[gg]]
JA Solar Holdings Co., Ltd. (ADR) [[jaso]]
[[fxp]]
… all day tradable. I’ll try to see if I should fade something in the final 45 minutes of trading.
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