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Tuesday, May 1st, 2012
10:30am (EST)
We have profits to take on our First Solar (FSLR, $18.94, up $0.54) put option trade as our Hard Stop on the other half of our May 18 puts (FSLR120519P00018000, $1.25, down $0.30) has been triggered. The trade returned 51% in just under 3 weeks and it was our 14th straight winning recommendation. This brings our 2012 Track Record to 76-18 for the year.
Subscribers, check the Members Area for the updates.
Tags: First Solar, First Solar Earnings, fslr
Posted in Trade Update | Comments Off
Monday, March 14th, 2011
1:30pm (EST)
The major indexes are down over 1% today as the effects of Japan’s earthquake and tsunami continue to weigh on Wall Street. The bears have managed to take out last Thursday’s lows and are eyeing the lower level targets we went over this morning. The biggest concern with Japan is their nuclear plant situation which is dealing with problems at three different nuclear plants.
The Dow is down 115 points to 11,929 while the S&P is lower by 14 points and is at 1,290. The Nasdaq is off by 22 points to 2,693.
To read more of our thoughts on the CBOE Market Volatility Index (VIX, 22.65, up 2.57) and First Solar (FSLR, $146.43, up $6.69) click here.
Tags: CBOE Market Volatility Index, First Solar, FSLT, Solar Energy stocks, VIX
Posted in Hot Stocks, VIX | Comments Off
Monday, June 28th, 2010
1:00pm (EST)
The market has traded in a tight range today as both the bulls and bears wait for each other to make the first move. There seems to be a lack of volume though which isn’t a good sign for the bulls and the sentiment is still negative.
There are a few of interesting upgrades/ downgrades this morning but the one we find sketchy is the upgrade for First Solar (FSLR, $120.00, up $0.74). Goldman Sachs (GS, $138.25, down $1.41) initiated coverage with a “Buy” rating and a $150 price target. Goldman is going against the grain as there have been several recent downgrades by other analysts who have given the stock a “Sell” or “Hold” rating.
Well, we are in the camp of staying away from First Solar as we feel shares will be under $100 before they touch $150. Shares have hit a high of $124 but have come down off those levels.
Amazon.com (AMZN, $118.18, down $2.82) was downgraded to “Neutral” this morning. We agree with this call although we think this is another stock that could be under $100 in the not so distant future. The key for Amazon will be if it can hold the $115 level which represents the February low. A break there would be bearish and could lead to more selling pressure.
Elsewhere, Apple (AAPL, $266.20, down $0.50) is slightly lower despite news that the company sold 1.7 million new iPhones after releasing its latest version 4G version just last Thursday.
As we head to press, the Dow is up 31 points to 10,175 while the S&P 500 is higher by 3 ticks to 1,080. The Nasdaq is showing an advance of 11 points to 2,234. We have a lot to cover in our Members Area this afternoon and this week is feeling like the bears might make a run at the May lows. Subscribers, check for the updates.
Tags: Amazon, AMZN, First Solar, FSLR upgrade, momentum options trading, option picks, options alerts, stock options trading
Posted in Hot Stocks | Comments Off
Thursday, December 24th, 2009
2:00pm (EST)
Wall Street closed early today and the bulls left us with more presents. The market finished at new highs for the year as Tech led the way once again. The Dow moved higher by 53 points and settled at 10,520 while the Nasdaq bolted higher by 16 points and closed at 2,285. The S&P 500 also closed at new highs for 2009 and is resting at 1,126 (up 6 points for the day) as we get ready for the holidays.
Volume was light as you would expect in a shortened session and has been over the past few weeks but we told you the market would probably have a good week.
One stock that got some extra Christmas love was A123 Systems (AONE, $21.02, up $1.69). The stock rallied nearly 10% on no real news and we were hoping that we would close above $20 today. We got that and then some.
Meanwhile, First Solar (FSLR, $133.80, up $1.22) bounced back after a rough week and looks like it could easily move 10 points up or down next week. We are still watching for a safe entry point but there are too many headwinds facing us with this one.
Research In Motion (RIMM, $66.92, down $0.69) continues to look like it wants to cry “Uncle” and we think shares are poised for a steep drop. It may or may not happen but we are watching for a break below $65 which could take shares back down to the $57-$58 level. If we break below that, it gets nasty.
We wanted to update the current trades before we head out and they are ready in the Members Area. We also wanted to wish each and every one of you a very, Merry Christmas.
We will be back Sunday night with the Weekly Wrap.
Tags: A123 Systems, alternative investments, asset management, blog Wall Street, buying call options, buying put options, call option trading, chicken option trades, Covered Calls, financial, financial investment, First Solar, funds, future option trading, futures trading, gold investing, guide to investment, guide to options, guide to options trading, hedge fund, hedge funds, how to invest, income, index funds, index options, invest, invest money, investing for dummies, investing market, investment, investment advisor, investment management, investment services, investment strategy, investments, journal Wall Street, momentum stock option trading, mutual investing, new Wall Street, on Wall Street, online option trading, online trading system, option call, option exchange, option investment, option price, option selling, option trade, option trade picks, option trading online, options, options blog, options expiration, options mentoring, options newsletters, options track record, options trade, options trading, options trading strategies, private equity, put option trading, Research In Motion email outage, Rick Rouse, software options, stock, stock exchange, stock investment, stock market, stock market options, stock option trade pick service, stock option trading, stock price, stock quotes, stock share, stock trading, straddle option trades, strangle option trades, strategies options, support and resistance levels, the Wall Street, trading, trading option, trading options, triple-digit option trades, wall st, Wall Street, Wall Street article, Wall Street blog, Wall Street history, Wall Street online, wealth management
Posted in Hot Stocks | Comments Off
Wednesday, December 16th, 2009
9:00am (EST)
The market stumbled on Tuesday as a stronger dollar and disappointing economic news were too much for the bulls to overcome. The market was trying to gather some momentum put spent all day in the red.
The Dow finished the session with a loss of 49 points and settled at 10,452. The index traded down to 10,426 so at least the selling was somewhat contained. The Nasdaq held 2,200 and was off by 11 points while the S&P 500 slipped 6 to finish at 1,107.
There were a few bright spots in the market and one of them was Weyerhaeuser (WY, $43.11, up $0.60) which hit a high a 52-week high of $46.80 yesterday. Although the stock slipped for the remainder of the session, shares got a pop after the company said it plans to become a real estate investment trust (REIT) to boost profitability.
As a REIT, the company would still trade on the NYSE and would be required to pay 90% of its profit to shareholders.
Elsewhere, Solar sector continues to shine a bright star at the moment.
First Solar (FSLR, $138.99, up $0.34) broke $140 yesterday and there could be more gains to come. The company is expected to announce its 2010 guidance today after the market closes so traders will positioning themselves ahead of this big event.
Wall Street currently expects $6.50-ish a share but it appears option traders are gearing up for a relatively upbeat report. We have seen some strength in the sector over the last few weeks as several companies have come out and said orders are up.
First Solar has a 52-week high of $207 and a low of $100 and is up nearly $20 since the beginning of November. There is resistance at $143.75 but a break above this level could lead the way to $150 quickly.
Other Solar stocks that did well include: JA Solar (JASO, $5.76, up $0.46) which surged 9% and SunPower (SPWRA, $24.12, up $0.93) which added 4%. Energy Conversion Devices (ENER, $11.19, up $0.07), GT Solar (SOLR, $5.64, up $0.13) and Suntech Power (STP, $17.90, up $0.43) also showed slight gains.
We also want to talk about the current market environment. Most experts are calling for a correction or a market top here at these levels but we aren’t so sure. The best we can do is to try and figure out where the market is headed and take another look at things once we get there. On October 18th in our Weekly Wrap we had this to say:
“The Dow is at 10,015 (up 145 points yesterday), the Nasdaq is at 2,172 (+32) and the S&P 500 (+19) is at 1,092. So where do we go from here? If you will notice from my 8/23 notes, we could hit 2,275 on the Nasdaq and 1,175 for the S&P 500. For the Dow, we could see 10,300-10,400 if the rally continues. Now, we may not see these levels during earnings season but there’s a good shot we end 2009 at those aforementioned levels.”
We have had these targets since August and in July when the Dow was at 9,000 we were calling for Dow 10,000. We recently bumped our Dow target to 10,800 but the bottom line is that a sideways market is extremely tough to trade which is where we have been since November. The point is the market has been flat as some traders lock in profits but you still have to trade the trend. We are mostly long on our current trades but have added a short position and we are looking at others in case we do stall at these levels.
This will be the last full week of trading before 2010 gets here so we would like to see the bulls make one more run higher in what has been a historic 2009. Of course, all eyes will be on the Fed today and the FOMC policy statement today.
As we head to press, Dow futures are up 40 points to 10,438 while the S&P 500 futures are showing a 5 point pop to 1,108. Current subscribers, please check the Members Area this morning for all of the trade updates.
Tags: call option trading, chicken option trades, Covered Calls, Energy Conversion Devices, First Solar, GT Solar, JA Solar, momentum stock option trading, option trade picks, option trading online, options blog, options mentoring, options newsletters, options track record, put option trading, REIT, REITs, Rick Rouse, stock option trade pick service, straddle option trades, strangle option trades, SunPower, Suntech Power, support and resistance levels, triple-digit option trades, Weyerhaeuser
Posted in Company Commentary, Earnings, Hot Stocks, Market Analysis, Sectors, Strategies, Trading Psychology, Trading Tips, Watch Lists | Comments Off
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Wednesday’s Wakeup Call
Wednesday, December 16th, 2009
9:00am (EST)
The market stumbled on Tuesday as a stronger dollar and disappointing economic news were too much for the bulls to overcome. The market was trying to gather some momentum put spent all day in the red.
The Dow finished the session with a loss of 49 points and settled at 10,452. The index traded down to 10,426 so at least the selling was somewhat contained. The Nasdaq held 2,200 and was off by 11 points while the S&P 500 slipped 6 to finish at 1,107.
There were a few bright spots in the market and one of them was Weyerhaeuser (WY, $43.11, up $0.60) which hit a high a 52-week high of $46.80 yesterday. Although the stock slipped for the remainder of the session, shares got a pop after the company said it plans to become a real estate investment trust (REIT) to boost profitability.
As a REIT, the company would still trade on the NYSE and would be required to pay 90% of its profit to shareholders.
Elsewhere, Solar sector continues to shine a bright star at the moment.
First Solar (FSLR, $138.99, up $0.34) broke $140 yesterday and there could be more gains to come. The company is expected to announce its 2010 guidance today after the market closes so traders will positioning themselves ahead of this big event.
Wall Street currently expects $6.50-ish a share but it appears option traders are gearing up for a relatively upbeat report. We have seen some strength in the sector over the last few weeks as several companies have come out and said orders are up.
First Solar has a 52-week high of $207 and a low of $100 and is up nearly $20 since the beginning of November. There is resistance at $143.75 but a break above this level could lead the way to $150 quickly.
Other Solar stocks that did well include: JA Solar (JASO, $5.76, up $0.46) which surged 9% and SunPower (SPWRA, $24.12, up $0.93) which added 4%. Energy Conversion Devices (ENER, $11.19, up $0.07), GT Solar (SOLR, $5.64, up $0.13) and Suntech Power (STP, $17.90, up $0.43) also showed slight gains.
We also want to talk about the current market environment. Most experts are calling for a correction or a market top here at these levels but we aren’t so sure. The best we can do is to try and figure out where the market is headed and take another look at things once we get there. On October 18th in our Weekly Wrap we had this to say:
“The Dow is at 10,015 (up 145 points yesterday), the Nasdaq is at 2,172 (+32) and the S&P 500 (+19) is at 1,092. So where do we go from here? If you will notice from my 8/23 notes, we could hit 2,275 on the Nasdaq and 1,175 for the S&P 500. For the Dow, we could see 10,300-10,400 if the rally continues. Now, we may not see these levels during earnings season but there’s a good shot we end 2009 at those aforementioned levels.”
We have had these targets since August and in July when the Dow was at 9,000 we were calling for Dow 10,000. We recently bumped our Dow target to 10,800 but the bottom line is that a sideways market is extremely tough to trade which is where we have been since November. The point is the market has been flat as some traders lock in profits but you still have to trade the trend. We are mostly long on our current trades but have added a short position and we are looking at others in case we do stall at these levels.
This will be the last full week of trading before 2010 gets here so we would like to see the bulls make one more run higher in what has been a historic 2009. Of course, all eyes will be on the Fed today and the FOMC policy statement today.
As we head to press, Dow futures are up 40 points to 10,438 while the S&P 500 futures are showing a 5 point pop to 1,108. Current subscribers, please check the Members Area this morning for all of the trade updates.
Tags: call option trading, chicken option trades, Covered Calls, Energy Conversion Devices, First Solar, GT Solar, JA Solar, momentum stock option trading, option trade picks, option trading online, options blog, options mentoring, options newsletters, options track record, put option trading, REIT, REITs, Rick Rouse, stock option trade pick service, straddle option trades, strangle option trades, SunPower, Suntech Power, support and resistance levels, triple-digit option trades, Weyerhaeuser
Posted in Company Commentary, Earnings, Hot Stocks, Market Analysis, Sectors, Strategies, Trading Psychology, Trading Tips, Watch Lists | Comments Off