THE WELL HAS RUN A BIT DRY

2,152 views

I like the environment here. A lot. Speed is dying off, market is trending, and options are getting cheap. However, I am running out of set-ups here, with the exception of energy stocks, which have been hit or miss.

When I scan, I visually look at around 1200-1500 stocks. This is quite cumbersome, but it gives me an overall impression if stocks look better to buy in general, or better to sell. Right now, the number of set-ups on my radar has diminished a bit. However, where I am finding the best charts is in the cheap stock department (stocks < $10).

I am literally scanning the top dollar losses each day looking for buy opportunities. Not trying to buy the worst declines, but focusing on DIPS.

More later,

OA

GOOD ACTION IN CHGG

2,545 views

In After Hours with Option Addict, our two earnings plays for this quarter were $CHGG and $IL. Through our earnings trades of the past, we have a pretty decent batting average, and usually manage to catch some of these silly moves where the market gets caught off guard and prices hit a “fast zone” based on the profile.

With $CHGG, this is not a bad spot to book a gain, but if it can hold north of $8.50, look for $9.50 next.

As for $IL, if it gaps north of $12.75, look for $17 over time.

OA

TAKE A RIDE ON THE SOLAR TRAIN

2,889 views

First Solar(FSLR) shares jumped 10% to $54.76 on moderate volume and SunPower (SPWR) shares surged 12% to $31.14 on moderate volume. The companies said they are in advanced negotiations to form a yieldco (http://www.marketwatch.com/story/first-solar-sunpower-rally-in-after-hours-2015-02-23), a joint vehicle of pooled solar generation assets, with an eye on launching an IPO for the spinoff.

This might get the solars moving a bit tomorrow. I’m already balls deep in $FSLR and $SUNE, but for trades tomorrow I like $JASO, $TSL, $EMKR and $SOL. $SCTY and $VSLR might be worth a watch here too.

OA

 

OA BUY: ADHD, YELP

1,872 views

I started a stock position in $YELP today, taking my first of three blocks of shares. I also picked up a position in $ADHD looking for a breakout.

I might look to play earnings on $IL and $CHGG this week, but not with any significant size. Other than that, $EMES, $VDSI, $HOG, $BBBY, $P and $BBRY are near the top of my list this week.

More later,

OA

THE WELL HAS RUN A BIT DRY

2,152 views

I like the environment here. A lot. Speed is dying off, market is trending, and options are getting cheap. However, I am running out of set-ups here, with the exception of energy stocks, which have been hit or miss.

When I scan, I visually look at around 1200-1500 stocks. This is quite cumbersome, but it gives me an overall impression if stocks look better to buy in general, or better to sell. Right now, the number of set-ups on my radar has diminished a bit. However, where I am finding the best charts is in the cheap stock department (stocks < $10).

I am literally scanning the top dollar losses each day looking for buy opportunities. Not trying to buy the worst declines, but focusing on DIPS.

More later,

OA

GOOD ACTION IN CHGG

2,545 views

In After Hours with Option Addict, our two earnings plays for this quarter were $CHGG and $IL. Through our earnings trades of the past, we have a pretty decent batting average, and usually manage to catch some of these silly moves where the market gets caught off guard and prices hit a “fast zone” based on the profile.

With $CHGG, this is not a bad spot to book a gain, but if it can hold north of $8.50, look for $9.50 next.

As for $IL, if it gaps north of $12.75, look for $17 over time.

OA

TAKE A RIDE ON THE SOLAR TRAIN

2,889 views

First Solar(FSLR) shares jumped 10% to $54.76 on moderate volume and SunPower (SPWR) shares surged 12% to $31.14 on moderate volume. The companies said they are in advanced negotiations to form a yieldco (http://www.marketwatch.com/story/first-solar-sunpower-rally-in-after-hours-2015-02-23), a joint vehicle of pooled solar generation assets, with an eye on launching an IPO for the spinoff.

This might get the solars moving a bit tomorrow. I’m already balls deep in $FSLR and $SUNE, but for trades tomorrow I like $JASO, $TSL, $EMKR and $SOL. $SCTY and $VSLR might be worth a watch here too.

OA

 

OA BUY: ADHD, YELP

1,872 views

I started a stock position in $YELP today, taking my first of three blocks of shares. I also picked up a position in $ADHD looking for a breakout.

I might look to play earnings on $IL and $CHGG this week, but not with any significant size. Other than that, $EMES, $VDSI, $HOG, $BBBY, $P and $BBRY are near the top of my list this week.

More later,

OA