White Hot Solar...FSLR

Whew! What a day....FSLR led the charge...

I have charts to post, just short on time...

Real Quick...

the market is rising, the VIX is falling...we're not done yet...

FED speaks tomorrow, so I expect a gap up followed by a pullback...

Don't forget, 3 day weekend, market is closed.. Who wants to hold over the long weekend?

On a pullback,
I like CHL...Right on support here, reports March 21.
I like STP ahead of Wed earnings report..before market open should be fun.

tb

PS- my FSLR FEB 270 calls (that I sold) are worthless today, even after a 50+ move!

FSLR - Earnings tomorrow am

Lots of people are bullish on this stock... I can make a case for back to the 160's, and a move to 210's. Selling OTM puts and calls today is the way to play this pre earnings mover, as the volatility just goes thru the roof. I bought some 270 calls last week for .15, and sold them this morning for .60. Was very happy to take a 300% return off the table..

tb

Chart pattern comparisons...USO, XLE, Q's

I thought it be worthwile to compare the USO with XLE and QQQQ chart patterns. While they are different sectors, you can see similarities forming between the charts. Specifically, the large trough that has formed in the XLE and Q's, which is the first large trough that is outlined in the USO chart.

It looks like we could be ready for a rise in MACD and price soon, albeit a modest rise in price. What I am looking for is a divergence between MACD and price, once we have that, we have the major buy signal...

tb

VIX - ready for break above 30

CSCO Continues the tech wreck trend...Going down tomorrow in tech...

I grabbed some feb 20 puts in csco today.. :)

tb

Agriculture (AG) - MON Chart

The AG sector is due for a pullback...Wait for the long term trendline..

tb

SIRF the wave, not the stock...lol

SIRF is at $10 after hours...Sell the tech pre earnings is still working...

tb

A few charts of interest...

From looking at these charts, I can make a case for selling into strength...

tb