Thursday, April 12, 2007
Watchlist- Apr-11 2007 late post :(
Quite a few alerts on my watchlist today. Markets making a reversal from the sell-off yesterday!
Labels: Watchlist
Solar Stocks- STP
has anyone noticed how solar stocks has been the rage the last few weeks? Ofcourse, you have. FSLR, ASTI, ESLR, SPWR have all recorded atleast yearly highs. STP however has been the bastard child of this group- pretty strange considering that a) it has positive earning ever since its IPO last year and the best P/E ratio among the lot, b) Manufacturing facilities in China (Comeon, do you want me to spell out LOWER COSTS?)
If you see the 6 month chart, you can see a descending triangle formation with a bullish MACD. The (12,26) MACD line and EMA lines just cris-crossed below zero indicating a bullish scenario. The 5- day is above 10-day EMA and the 50-day has flattened. This is getting close to a nice setup.
Wednesday, April 11, 2007
Monday, April 09, 2007
SHORTS to watch
With the market showing strong signs of a uptrend, my shorts to watch list is truncated to say the least. A couple are EZPW and AXP (See Alphatrends blog).
Not much going on right now, but I hope things pick up on the long side. Currently I have positions in a couple of stocks I was watching.
Not much going on right now, but I hope things pick up on the long side. Currently I have positions in a couple of stocks I was watching.
Sunday, April 08, 2007
Sunday, April 01, 2007
I am back......
I am back after a long hiatus. Rested and wiser, lets start some trading. I will be back tonight with a post of my watchlist for tomorrow.
Labels: Back