Links and FSLR

At mid-day, this market has gotten stronger and I think will get stronger as the day goes on.  Many stocks on my watch list are up 3-4% today with just a few barely in the red.  If we get a reversal in the last hour today, things will get ugly.

Economy weaker than expected last quarter...then came the market sell off.
Bernanke say economy needs help, but offers no QE3...yet.  
3 Steps to Short selling...and talks about one of my stocks...OPEN
Bloomberg: Buffett BAC deal gains $1.3 after first day!
Reuters:  BA's Dreamliner finally pushing off

I profiled FSLR earlier this week, and the stock has hit $100, becoming positive for the week and butting up against it's 20MA.  The 50 day is about 15% higher at 115 and the area of resistance looks to be around 108.  So this is a crucial area to hold or rally into the close.

Trade Radar - FSLR

Suntech Power reported a wider than expected loss this morning (Reuters article) but is up in trading today with hope that spending in the sector will rebound in the next quarter an beyond.  This brings me to a stock I've traded before and is regarded as the best of breed of the bunch, FSLR.  Sitting a $88, it's had a horrendous half year, down over 49% from it's 52wk high (less than 6months ago), and down 29% for the month.  The stock is in an obvious downtrend:

 
**note:  this chart updates each day, so price will be different than the day it is posted**

I'm closely watching it because if/when we rally, this thing will take off.  It's profitable and is anticipated to grow about 20% over the next several years.  While the "trend is your friend" and this stock is obviously getting hit, it's now at the bottom of it's channel and could easily move to the 100-105 range without much resistance.    The stock hasn't touched this low since late 2008, so this is the best valuation this stock has seen in years.