Too Far Too Fast

We all know the drill, the market has soared the past week and needs to retest support areas. I expect the Nasdaq to test its 20 day moving average tomorrow back down at 2,500 or a lost of 25 points. It should hold as the market is definitely pushing higher since the Dow crossed 13,000 last week, and yes the Dow will most likely reach for support back at 13,000. I expect both indices to hold support. What stocks are hot? There really aren't any worth mentioning. Considering the market downturn, this is a good time to pick up some bargains. Such as SOLF when it touches around $14.00 and TSL when it touches around $50.00 at its 50 day support. I expect this to happen this week. If you feel you must, but I certainly don't recommend it, short TSL from $53 and cover at $50 for around a 5
% gain. Remember DNDN is looking pretty attractive as we enter into May, this will gain momentum over the next two weeks, have patience, be smart and buy now not later.

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Dow May Hit 13,000

Looks like the market should stay in rally mode this week and we might see the Dow hit 13,000! There is a lot of optimism going around right now and solar remains hot. SOLF looks poised to move above $16 tomorrow and TSL looks ready to cross into the $60 range again. This is where it's at and more and more investors will jumping on driving the price higher. In all of this madness, the biotechs have been cooling and losing ground all the while. This is normally a sign to get in before the enthusiasm shifts back over to the biotechs. It might not happen this week as I think solar will reign, but cheap prices are available and stocks such as DNDN will begin to move higher when we enter May. Let's see how the week starts off tomorrow, good luck to all.

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Market Surging Higher

Just like that SOLF posted good news and closed back at $16. More fuel for the fire as this one will continue to shoot higher. With the recent interest in it lately I think we will see it hit $18 before close on Friday. As mentioned in the previous post, the Nasdaq reached back for support at 2,500 but only closed down a few points. This market is hot as the DJIA just hit a new high today, prepare for Euphoria as these Solar stocks continue to push higher with the surging market.

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Analyst Shoots Solar Down

Just like that when solar stocks were exploding an analyst "downgraded" SOLF from sector outperform to sector perform. This sent SOLF down to 15% to close at $15 today. What a dissapointment, but I will say sector perform will be robust indeed and I still look for this to aim towards $20 sooner than we see $12 or $13 again. Great time to buy, sorry but I can't predict these downgrades and negative news stories that seem to hit right after I post a recommendation. When this news comes out disregard my posting until further notice. I am looking for the market to sell off moderately tomorrow with the disappointing earnings news from Intel and Yahoo. It looks like the Nasdaq might retest support at 2,500. With momentum possible shifting out of Solar this might be a good time to get back into the Biotechs for the next ride up, and yes it will come as the May 15th FDA approval for DNDN gets closer every day.

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SOLF Finally Lifts Off!!

The market continued its rally today as did TSL but it exceeded my expectations! Good economic news such as good 1Q profits and no suggestion of a possible recession sent the market soaring. Solar stocks are scorching hot right now, don't miss out. I thought TSL would top at $60, but it approached $69 today. Wow, did I underestimate its potential or what? I think TSL will gain another 10% this week with short covering and sheer popularity. I have always favored SOLF as you can see in my previous posts and I knew it held much more value than $13 per share. It rocketed 35% today to a new all time high of $17.69 and it is trading over $18 after hours. I'm looking for this to touch $20 per share tomorrow and who knows from there, it's tough to predict a top when people get crazy eyes and buy at higher and higher prices. One thing is for sure, based on earnings and P/E ratios of its peers, SOLF should be shooting for $25 soon.

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TSL Should Top Tomorrow

Considering the strength the market showed heading into the weekend, I expect the market to continue to rally early on tomorrow. I'm looking for a modest gain in the Nasdaq, but it should have some resistance around 2,500.00. TSL once again was the hot stock on Friday,
as it continued to surge higher. I think it will continue to rally but top out near $60.00 share in early trade. It has gone too far too fast, and needs to retrace a bit back to $55.50. I would only recommend a trade if this opens near $58, if you trade with a online brokerage you might be able to grap a 4% trade. Good luck and be careful as I think this will peak tomorrow and cool off a little.

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SOLF Showed Strength

The market actually rallied into the close today and gained 11 points. That's a positive sign heading into the weekend, should have a strong week next week. Unfortunately my MEDI pick barely gained today, but SOLF showed the strength I was expecting. It didn't quite hit my target price of $13.60 but it did touch $13.45 in early trading. My trade recommendation would have produced a 5% gain, not bad. SOLF did sell off towards the end of the day but it should continue to trend higher next week with the hot solar sector. Volume has slowed somewhat on DNDN and NUVO but they're holding in this range nicely. In fact, NUVO made a move up today showing signs of strength.

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The Scoop for Friday the 13th.

The market made a strong gain today and FSLR and TSL approached my target prices before selling off just a bit. Unfortunately BRLC took a hit for the simple fact guidance will remain in line. NUVO nearly filled the gap down and DNDN made a small run today before fizzling but they both held support nicely in this range. It looks like focus has shifted to "other" potential biotech stocks, but you can't deny the volume DNDN continues to receive. I'm thinking both will make a come back next week and gain more steam. I think the overall market will rise in the morning and sell off throughout the day heading into the weekend. MEDI looks like a good play for tomorrow. I expect it to perform similarly to the market and push for $46.25 in early trading and sell off a bit towards the close. SOLF has sold off its recent highs lately and looks really attractive for a swing trade at the $12.80 range. It held support nicely bouncing off its 20 day moving average of $12.70. Look for SOLF to regain momentum in the coming days and test $13.60 again. Good luck to all.

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Solar Stocks Vs Biotechs

The solar stocks remained strong today despite the down market. FSLR and TSL continue to lead the way and traded higher today, most likely because of the plunge in the biotech sector. If the weakness continues in biotech stocks tomorrow I expect these two to continue upward. FSLR could test $64 and TSL could push for $57. On the other hand if the biotech sector rebounds tomorrow I think the traders will move back over and FSLR should find support at $61 and $TSL at $52. BRLC was itching to push to new highs today and remained pretty strong despite market conditions. If the market is strong tomorrow and BRLC clips $8.55/share watch for BRLC to shoot towards $9 with little resistance.

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DNDN and NUVO thoughts

Unfortunately the market couldn't plow forward due to ongoing economical concerns. DNDN and NUVO dropped sharply today on analyst downgrades. I find that funny that the stocks dropped as if they were ever trading on analysts buy and sell recommendations anyway. These stocks are thriving on the fear and greed of investors. NUVO is mimicking DNDN's movement which is telling. Today DNDN filled it's gap down to $18 where I think it should hold fairly steady in the $17 to $18 range before heading higher. Considering the fact that NUVO follows DNDN I think it will briefly fill the gap down to $4 to stay consistent with DNDN. I think this is temporary as both stocks should continue their upward movement in anticipation of the May 15th announcement from the FDA. I think the current prices are good entry points with high profit potential since both of these stocks are hot and volume is still strong. Check back later tonight for tomorrow's recommendation.

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Hot Market

The overall market looks poised for a modest gain tomorrow due to the 1st quarter optimism that Alcoa provided today. There are quite a few hot sectors out there right now including Solar and Biotech stocks. Pay close attention to DNDN and NUVO as they have been scorching hot the past couple of days. The daily volume in both of these stocks is tremendous and the float is flipped on a daily basis. DNDN finally cooled a bit today to digest the recent gains and NUVO followed suit. I expect the volume and interest to continue to propel these two stocks higher. The run should resume tomorrow for both of these stocks as I expect DNDN to approach $30 a share by Friday and NUVO to touch $7 a share. Remember at times like these that hype will drive the price over rationale. Key indicators confirming an entry point for higher prices to come is at $22.80 for DNDN and $5.90 for NUVO. If DNDN breaks below $20.50 or NUVO breaks below $5.20 then stay away from these two stocks until further notice. BRLC rebounded strongly and caught some attention, it might be ready to test $9 in the next few days. Best of luck on these sizzling stocks.

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