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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