Market Overview

Thursday February 7th Watchlist

Hi everyone,
 
Don't miss tomorrow's free webinar with Veteran Day Trader, Jea Yu - Scalping Morning Volatility For Daily Profits @ 6:00pm EST
 
Veteran day trader and founder of The Morning Profit Maker, Jea Yu, will be presenting an hour of free education on strategies that have allowed him to consistently generate an average of $200 every morning.
 
Jea's career in trading has led him to being named 'Best of the Web' by Forbes 4 years in a row, a 3 time best seller for authoring day trading books, and consulting dozens of hedge fund and money managers that led to millions in generated wealth.
 
In this hour of education, Jea will cover...
 
- The strategy he's been using for the past 3 years, that allows him to take advantage of increase volatility. 
- An understanding of how the volatility in the current market works
- Indicators and trade setups that provide daily scalping opportunities
- Tactics for instituting the proper discipline and timing into your scalping
- Specific examples of recent trades executing in his Morning Profit Maker trade community.

Jea will be offering an exclusive offer to those who attend, so be sure to claim your spot before space fills up ! Click Here - Sign Up Now

 
Here are some trade ideas for tomorrow.
 
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First Solar, Inc. (NASDAQ: FSLR) closed up over 7% today on heavy volume near its session highs and looks to build upon those gains tomorrow. Certainly, this is a stock to watch heading into the weekend. FSLR is starting to gain interest again and could see a rapid ascent as the accumulation chart shows a trend reversal to the upside. It could see $35 in the very near term. Put this stock at the top of your radar after Citigroup has initiated coverage on the shares with a 'buy' recommendation and target price of $41
 
 
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Pandora Media Inc (NYSE: P) has been in an uptrend since mid December 2012. The stock has pulled back to its trend line and looks to be setting up for another upside move. Resistance is $11.90, which was the recent high. If the stock can break through resistance, we should see an increase in volume as traders like to watch this stock.
 
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Adobe Systems Incorporated (NASDAQ: ADBE) is consolidating inside an ascending triangle with resistance at 38.78. If it breaks out of the ascending triangle, target price is at 41.
 
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Tesla Motors Inc (NASDAQ: TSLA) seems to have formed an ascending triangle and broke above resistance at 38.71. The target price for the small triangle is 39.8. The breakout volume is good.
 
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Boyd Gaming Corporation (NYSE: BYD) is getting ever so close to breaking out higher. Keep this on your watchlist.
 
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Zynga Inc (NASDAQ: ZNGA) is catching the attention of market players again after the earnings report. The stock was very active as it closed up $.25 on 4x normal daily volume. ZNGA might face a period of sideways action while it consolidates the gains booked in the last two sessions. Resistance is now located at $3.12 but if the stock can push up into the $3.2's, I feel it could retest $3.27 or above. Chart looks bullish. 
 
During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.  



Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.



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AC

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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