FloodCityTrades 8/1/13 Watch List $C $FSLR

FloodCityTrades 8/1/13 Watch List $C $FSLR

Watch List for 8/1/13 $C – Citigroup looking strong here. Recent earnings beat by a good margin. See notes on chart. No position at this time. Consider long entry above trigger mentioned below. $FSLR – FirstSolar also looking ready to break out after being beat down lately. All notes on chart. Consider long entry in … Continue reading

$QCOR BOOM!! 300% Profits and Holding!!

$QCOR BOOM!! 300% Profits and Holding!!

$QCOR – 3 days ago, chart below was posted for earnings play, along with the current fundamentals and explanation as to why we at FloodCityTrades were LONG QCOR above $50.63. The next day we got confirmation, which trigger buy of Aug17 50C’s @ 4.3 cost basis. Currently, we are sitting on 300% profits (4.3 -> … Continue reading

$WYNN

$WYNN

  I wouldn’t short WYNN until it break below the uptrend line (127.50ish). Break above 134 could push this to 140…   no position…added to watch

$CAT —  drowning or about to pounce?

$CAT — drowning or about to pounce?

  Alright, we have a lot going on here with Caterpillar from a technical standpoint.  None of it looks good long term, which could also spell trouble for the DJIA if CAT continues to underperform.   On the chart, you can see a longer term HnS coupled with a shorter term HnS. It did manage to … Continue reading

$FOSL

$FOSL

  Cup’n handle breakout with bullish MACD and RSI.  Options trading is fairly thin on this name, but posted a P/C ratio of .28 on Friday (1,007c/285p). Disclosure: No position.  Will initiate a long position in the Aug 110C currently (7.40×7.70) above 112.23

Chinese Internet BOOM? $YOKU

Chinese Internet BOOM? $YOKU

$YOKU: Posted a strong day today at 3.86% (including AH). All indicators look great on $YOKU at this time and Chinese Internet Stocks have been hot. There is NT overhead resistance as depicted below; however, there is limited LT overhead resistance above #2 resistance line. OBV with a strong surge today and ADX/MACD/RSI are healthy. … Continue reading

$COST trade update

$COST trade update

We took a long position in the AUG 115C at 2.55 on Tuesday, and we are currently holding the full position at 3.30 (3.6 HOD).  Costco broke out today above 116.88 and had a high of 117.70 for the day.  MACD remains bullish, but the RSI on the daily is in overbought territory (81) so … Continue reading