Tuesday, May 26, 2009

Stocks To Watch For The Week Of 05-25-09

5-25
None

05-26
CSIQ (FSLR, SPWRA / B), CEL, DCI, LONG & TTWO

05-27
AZO, BCSI, CHS, JRJC, CWTR, DLTR & HEI

05-28
BIG, CM, COST, ESL, FRO, HNZ, JCG, MRVL, NOVL, OVTI, SAFM, TSL (FSLR, SPWRA / B) & VIP

05-29
TIF

Another slow, short week for option traders. I personally do not see any strong stocks this week for us to apply some of the high volatility strategies. AZO will definitely be a cash cow after earnings.

1. Stocks in RED - those of you that know the color coding already know that all stocks in RED are expected to swing nicely and provide MONSTER CALL / PUT OPTION PLAY opportunities - these are to be traded after earnings based on all technical signals (e.g. volume, MACD, Bollinger Bands, CCI, RSI, current trend, etc.).

2. Stocks in RED / BOLD and UNDERLINED - these are very good potential strangle / straddle candidates.

3. Stock in YELLOW - these stocks will move based on the action on the preceding stock reports - we all know that solar stocks for the most part all move together so if CSIQ and TSL report great earnings and move up / down, it may move the entire solar sector with it (including FSLR & SPWRA / B).

NOTE: Can't wait for RIMM on 06-18-09 as RIMM will be a definite strangle / straddle candidate.

Enjoy trading! Cheers!

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