After the incredible numbers from [[FLR]], I have been buying dips in [[FWLT]] all morning. I think this one easily hits $80 in a few weeks, if not this week. Take a look at the chart here.
Solar is also moving this morning, thanks to [[CSIQ]]. I was heavy in the name as of yesterday, but thanks to getting burned last week gaming earnings, I decided to take the trade off, stupid. To be honest, I’m not all that giddy about solar right now. The only name I’m concerned with is [[FSLR]]. If I can get a close above $300, I will take the trade, other than that I do not care to have exposure.
Take a look at an old favorite [[MRVL]], I like it here. Chart here
Check out today’s chart toppers
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I thought you liked TSL ?
TSL is good, but FSLR better if it can get over $300
What does “chart toppers” mean? Stocks that are overbought?
You guys think UNG could be putting in a double top here?
Caj — please to explain what the various colors on the screener are supposed to indicate again?
Thks, J
There’s a color key on the page
gap, what was the first top you are speaking of? end of april? or two days ago? either way, i don’t think so
Always nice to see you post Rajun.
Oil is amazing. If the run-up was from pure speculation, there would have been a drop to the $100-$110 area either today or yesterday as the slower global economy buzz got around. But what we see is that bad news takes it down a buck or two and good news causes it to break new highs.
What is also amazing is that Americans still need their gas.
If you’re looking to swing trade, why UNG? UNG is a long term play for me. Of course, I rarely do any swing trading.
One swing trade that I am doing is QID. It has exploded 2x that of all the other indexes, S&P, DOW, Russell, etc. I think we are starting a down leg, and I believe Nasdaq-100 is going to fall hard.
pleasekillme. i’m long term UNG
also, are you sure that the Nasdaq isn’t the healthiest market, as opposed to the most overextended? It has traded above the 200 day ma for a while now. sounds bullish. just because it has exploded better, doesn’t mean it is due to fall hard. it could just be the healthiest market, and would hold up stronger on the next down leg that you are expecting.
I suggest watching the daily video’s at alphatrends.blogspot.com if you don’t already
SOLF isn’t ready yet… but it’s got a lot of potential, keep an eye on it… maybe in a couple weeks or so.
calls are OCT calls (long term sorta)