Solar Stocks and MA50

Have you been on the same emotional roller coaster ride lately that I’ve been on?  You know, the one where you think you’ve figured out how to swing trade solar stocks just to get your ass kicked the next day as it spirals down to your stop loss.  The ride wasn’t even long enough to make you vomit.  Don’t get me wrong, the nice, smooth climb up from March to May was quite exhilarating with few twists and turns along the way. However, once we reached the summit, the laws of gravity quickly pulled us down through numerous hair-pin turns, drops, and loops.

Is the downward spiral finally over…at least temporarily? Ten trading days ago, most solar stocks found support and have been trending up ever since. Not a lot of attention has been made to this, but look at the daily charts from many in the industry and you’ll wish you had taken at least a small position in your favorite solar because the support was segment wide.

Now we’ve reached a new milestone. Ten days ago it was was industry wide support. Now we’re looking at resistance. More specifically, we’re looking at MA50 and a handful of solar plays banging against it WITH volume. Is it time to climb comfortably back in our seats for another smooth ride back up to May highs? Or, does big, bad MA50 have other ideas?

Here are my top MA50 resistance solar stocks that I’ll be watching Wednesday. I’ll likely pick my favorite to position long in if MA50 gets broken.

Check out these daily charts:

• Gotta start with FSLR since it is still the industry pulse..
• JASO
• SOLR
• STP
• SOLF – nice
• LDK
• ESLR
  

Tags: ESLR, FSLR, JASO, LDK, SOLF, SOLR, STP

Thursday Portfolio Update

• Sold 1/2 of my ESLR before close and the rest after for a break-even trade.  Actually, I lost $90.  Bad earnings.
• Sold SRS early today at $15.6 for a 4% loss. Ug.
• Sold remainder of GNBT at .705. overall gain of 6%
• Still holding 1/2 original position in AMZN

That’s all – too busy to play.  Hope you all did well. A lot of stocks gapped up and fell from there – I rareally chase gaps and glad I didnt’ today.

Tags: AMZN, ESLR, GNBT, SRS

Portfolio Update

Not much going on here since I’m in the middle of a big project at work and unable to trade throughout the day.  boo- hiss.  That reminds me – anyone interested in hiring me and making me part of a trading machine, let me know

• I picked up some $SRS this morning at 16.37
• Still holidng 1/2 original position of $AMZN
• Sold 1/2 of my $GNBT position at .7 for 6% gain.
• Holding my $ESLR position – currently down 3.2%.  Tomorrow is the big day (earnings), so we’ll see how it plays out. 

Tags: AMZN, ESLR, GNBT, SRS

Portfolio Update

• Still holding $AMZN. Near my stop.
• I finally sold $RAD for 13% profit. There may be more to the upside on this triangle, but no need to be greedy.
• Bought some $GNBT this morning at .66.  Currently sitting at .72 in after hours (up 9%).  We’ll see how it goes the rest of the week – should be interesting.
• Bought $ESLR ahead of Thursday earnings – real spec play here.
• I would love to have jumped in other biotech/pharma stocks today – just didn’t have time.

Tags: AMZN, ESLR, GNBT, RAD

Solar on Fire

As we all know, solar stocks took off after a wonderful earnings announcement from $SPWRA on Thursday. So, what’s next?

This week will continue to prove interesting for solar stocks as the powerhouse $FSLR gets set to report earnings on Thursday ($ESLR reports, too).  A good report will obviously add fuel to the bull move, but a bad report could do quite the opposite. My plan is to be ready for either outcome. I will also focus attention on scalps between now and then, but I  anticipate a bullish sentiment unless the overall market reverses and pulls solars down.

Now to decide which solar stocks to play..

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Tags: CSIQ, CSUN, DSTI, EMKR, ENER, ESLR, JASO, LDK, SPWRA, STP, TSL, YGE