Today, 10/20/08, The stock market futures are pointing higher so far in pre market trading. Asian and Europe stock markets rose nicely last night. The Nikkei was up 3.6% and the Hang Send was up 5.3% last night in active stock trading.
Libor rates have been coming down a bit helping to boost the overseas markets. Even Europe opened a lot stronger last night. It look like it will be a strong day for the US stock markets. Oil is hitting $74 this morning , up $2 per barrel mounting talk that the Organization of Petroleum Exporting Countries ( OPEC ) will cut production at the end of this week in an attempt to shore up prices that have fallen by 50 percent in three months.
Stocks to Watch Today - Ambac ( ABK ) & Cit Group ( CIT )
These two stocks were very active on Friday and up huge. There is no reason to think that will let up today with a strong stock market. You could really see some nice gains in these stocks.
Earnings today 10/20/08 - American Express ( AXP ) , SanDisk ( SNDK ) , Netflix ( NFLX )
For a full earnings calendar - visit - http://blackberrystocks.com
Showing posts with label stock to watch. Show all posts
Showing posts with label stock to watch. Show all posts
Monday, October 20, 2008
Wednesday, September 17, 2008
FSLR Stock has Bottomed - First Solar Analysis 9/17/08
Yes, First Solar ( FSLR ) has bottomed at $186 yesterday. I have been trading this stock for the past two weeks and this morning it is stronger then any morning since I started trading it again.
They ran FSLR down from $280 to $196 in a week....every time the futures were down in the morning, they would gap First Solar lower every single time by 5-10%. I played the same trend every day last week. They would open FSLR down 5%...crush it even more at the open, and then cover their shorts the rest of the day. It was common to get $10 moves up in this stock after about 11am.
This morning the futures are down pretty nicely...and FSLR is up $2. Haven't seen this strength for several weeks. The trend has changed! Yesterdays capitulation gap down to $186 ended up with a rally to close at $215....huge move! Short finally covered. That signifies a bear bottom in the stock. A close over $220 and FSLR is off to the races even higher.
They ran FSLR down from $280 to $196 in a week....every time the futures were down in the morning, they would gap First Solar lower every single time by 5-10%. I played the same trend every day last week. They would open FSLR down 5%...crush it even more at the open, and then cover their shorts the rest of the day. It was common to get $10 moves up in this stock after about 11am.
This morning the futures are down pretty nicely...and FSLR is up $2. Haven't seen this strength for several weeks. The trend has changed! Yesterdays capitulation gap down to $186 ended up with a rally to close at $215....huge move! Short finally covered. That signifies a bear bottom in the stock. A close over $220 and FSLR is off to the races even higher.
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