Solar Heating Up

When [[FSLR]], the leader of solar, hits $200, it’s time to take notice. We can view the overall group by looking at the ETF that tracks the group, [[TAN]]:

Looking at the above chart, I notice a nice bullish inverse head and shoulders pattern that is bumping up against resistance.

We have a few things to watch that could possibly fuel a move pass resistance: Higher oil, Obama’s green plan, and possibly good earnings from [[LDK]] tomorrow.

After the day solar had today, I will be monitoring the sector closely.

My Favorite Plays:

• [[JASO]]
• [[CSIQ]]
• [[SPWRA]]
• [[TSL]]
• [[YGE]]
• [[LDK]]
• [[ENER]]

Disclaimer: I own JASO & call options in LDK

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I’m having a great day filled with solar burritos. Just take a look at one of my long term positions [[JASO]], it is on a mission for higher prices. I also purchsed [[LDK]] at the open @ 9.47, so far so good.

As far as my positions outside of solar, they are behaving nicely.

Currently I own: (Updated)

• [[APL]]
• [[DXO]]
• [[LDK]]
• [[CSIQ]]
• [[JASO]]
• [[S]]
• [[SONS]]
• [[GOOG]]
• [[YHOO]]
• [[XOMA]]
• [[CTIC]]
• [[LEA]]
• [[FLOW]] not sure why I still own this one.

Note: took profits on [[OXPS]] earlier today. And, stalking [[XTEX]].

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Oil inventory data will be released tomorrow morning, as it is every Wednesday. Normally, I could careless about the event, however oil needs to be monitored here.

You have three things working here: a possible uptick in demand as the economy starts to show signs of life, Memorial Day Weekend/Summer Driving season, and a beautiful bullish chart.

Let’s take a look at [[USO]], the ETF that tracks oil, what do you see?  I see a possible inverse head & shoulders (bullish), a possible cup & handle (bullish), and all short term moving averages below the stock price (pretty damn bullish to me).

With all that said, I will be looking to buy a little more [[DXO]] here. DXO is the double long crude oil ETF, and it’s technical setup is just about one of the best you will find.

This is what we are looking for:

Everything about this chart screams buy, everything from the way the moving averages line up, down to the beautiful doji that printed today. If we see oil prices rise after the inventory report, we could see a significant rally in Black Gold.

I will be screening stocks tonight in the oil & gas sector, and will post my results in The PPT.

[[DXO]] is your bone.

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Get your chips ready: [[CTIC]]

“better odds than powerball!” -jSawyer (PPT member)

Is the chart below right? My 10yr chart shows the high @ $30,900?

Disclaimer: Long CTIC

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Sorry for being absent on this side of iBC, but quite frankly I’m having too much fun in The PPT. We are absolutely killing it in there.

If you caught my post last night on The PPT blog, you should be heavy into some profits right about now. Also, CA’s picks in the conference room have been golden.

I’ve been putting my cash to work all morning buying all shorts of shit, some include: THQI, CSIQ, LEA, GOOG, CTIC, OXPS, & a few others.

Days like today will pay for your subscription alone, plus it’s a fun place to hang out. Stop wasting time, get in The PPT.

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Presented by the gentlemen of The PPT

AHD, APL, ARSD, ATVI, BEE, BKUNA, CAP, CMZ, CROX, CSCX, CSIQ, CTIC, DXO, FEED, FNM, GERN, GSIG, LGCY, LYY, MTSN, NG, NGLS, OPLK, OXPS, PCX, PKI, QELP, TAN, TC, THQI, TLM, ZQK, AIG

Note: The stocks highlighted above are to be traded on strength.

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