I was away from my desk most of the day yesterday and will be catching up on things today. Yesterday the solars had a strong day which although was likely a short-covering rally, I plan to study the charts in depth today as well as watch for any follow-up strength, especially into the close today. On the short-side, social media & the solar stocks (select stocks vs. the entire sector) seem to offer the best R/R at this time with the coal stocks still my favorite sector on the long side, even after posting some very strong gains over the last few months. CLF is one of the coal/iron mining stocks which also hit a profit target yesterday with T2 being hit for an 18.9% gain. At this time T3 remains the final target for that trade although I may add one additional target around the 36.00 area. Updated daily chart (reflecting yesterday’s close):
