Off the Charts

A lot of hoopla was made about Friday's Wall Street Journal article talking about the Fed's exit strategy for QE, but the market seemed to care little as indices finished nearly unchanged in a quiet session. The S&P closed flat while the Dow shed 0.18% and the Nasdaq posted marginal gains of 0.06%.

We continue to see a lot of short squeezes as money rotates into laggard groups. Solars soared higher again in today's session ahead of SolarCity (SCTY) earnings this evening. The stock closed the day up 24.24% despite finished well off highs, but is currently trading lower post-earnings, down about 4%. SunPower (SPWR) also tacked on gains after we highlighted the trade Wednesday above $15.75 to $16 and FirstSolar (FSLR) is back at 52-week highs despite the slide lower on earnings last Tuesday. Netflix (NFLX) also closed the day up 5.37% as it triggered through the buy price of $219.75 from this morning's Price Point Sheet....783 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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