Hot off the stove

There are always a few good trades out there – no matter what the tape. Here are some of my favorite picks for tomorrow:

Not so FAST! Nicely defensible right here – if it breaches 34.50 all bets are off.

FSLR: I think it’ll wiggle down to the support line where I might try my luck at some calls. If it breaches then we have a nice upper resistance to work with.

GOOG: Similar play here – I think this is a pretty defensible position. Grab some calls here and set a step a bit below the current lower channel support line. If it fails flip the trade and set a stop about where we are now.

MOS: Bit of a running triangle developing here (B exceeds A wave). I actually think we’re pushing up here to complete wave E – but a breach of 30 would tell us that we’re wrong and some downside is likely. Easy to protect right here – maybe good for 4 points to the upside. Great downside play once it’s done. What makes me a bit nervous here is that the last wave up counts as 5 waves pretty clearly – so this might be something completely different, but it would also favor the upside right now.

WYNN: Yeah yeah – I know I said I wouldn’t touch WYNN anymore – bite me! We might see a little retest here but this one could drop off the plate anytime. If we push up from here wait for it to touch that upper diagonal which reaches 47 by about Tuesday.

PACW: A little birdy is telling me that we’re getting a retest of the lower diagonal resistance line here. I plan to try my luck at some puts around 26 or so.