Wang’s Happy Trading

Submitted by OptionDragon

From Breifing.com

This morning FOSL beat big and guided higher and is gapping up. FOSL has another 1 million shares it has to buyback before the end of April. KALU beat big on the top and bottom and is gapping higher and should move higher. Check and check.
Freeport McMoRan-FCX: Estimates raised on higher copper prices-Overweight@MSCO
ONXX discontinues a drug trial in Non-small lung cancer and is gapping down hard this morning.
WMT came out with strong results and is helpingg push the market higher.
STP gets another bullish upgrade: Suntech-STP expect solid Q4 & potential higher guidance-Outperform@COWN
Cowen expects STP to meet or beat Street estimates and to potentially guide 2008 higher given incremental silicon supply and rising spot prices. And: Suntech Power-STP expect in line Qtr and conservative guidance-Buy@LAZA
Lazard expects conservative guidance by STP and would buy shares aggressively on any weakness.
HOC crushed the numbers so that could light the refiners today: TSO, VLO, WNR, MRO
MHS beat by 2 cents and guided higher and gapping higher.
Barclays and Credit Suisse came out with more writedowns, not new news, move on.
The 4 Horsemen and BIDU are strong this morning gapping up and this could be sustained for the rest of the week. Watch for a RIMM breakout above $97.
FSLR gapping up $6 and could melt up over the week.
The AG plays are strong this morning my favs: POT, CF, MOS, AGU—Look for breakouts on high volume this week that would confirm a sustained move higher and break from its recent consolidations.
PBR gapping up, watch my fav oil plays : PBR, DVN, HES, PETD
FXI is gapping up and its components are strong off the gate: ACH, CEO, PTR, SNP
DRYS is gapping up. Could move higher with help of a short squeeze and melt up slowly over time.
Gold producers gapping up in anticipation to earnings, favs: ABX, AEM, BVN
Hopefully this strong start to the market lasts for the whole day and doesn’t sell off.
1354 and 1361 are the immediate resistance pivot points on the S&P, 1341 support, I’m hoping for a break above 1400 this week with a higher high on high volume to confirm this recent up market trend and to move this market higher off this recent market bottom.
Oil prices are at $98.23 and are pushing higher possibly over $100 on this move this week due to some concerns OPEC may cut supply.
Watch for a ISRG breakout above $316 on high volume.
CROX has earnings today after the bell and will be the one to watch after the bell. Strangle candidate. NTRI has earnings after the bell and could be a strange candidate. GRMN has earnings tomorrow before the bell and is a strong candiate for a strangle.
RIG has earnings tomorrow before the bell. STP has earnings before the bell tomorrow and is a good strangle candidate.
Art Cashin is saying that this market move is strong and based on a technical basis looks to move higher, he says to watch for confirming volume and if the volume is big today with a strong sustained market move up this would be considered a follow through day and that could be bullish for the week and good for the market looking forward.
For me, I don’t want to see low volume today and I don’t want to see a fade.
Keep an eye on ABK and MBI and the GAGXX= (GOOG, AAPL, GS, XLF, XOM) for leadership as leading indicators.
Happy Hunting, go get em’ Tiger!