Individual Stock Trades: FSLR, WMT, PYPL & More

Longs and shorts. Mind your Opex.

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First, I want to again stress that I will be in no rush to put these trades on. Patience pays and waiting for the “fat pitch” is key in trading. I will not do so with large size, either. Quarterly Opex days are notoriously tough to trade. I would rather have a small win on small risk than shoot for a “big win” in a tough tape and eat a big loss as a result.

The market has been on a huge run (which is great, but makes it tough to initiate new positions) and the seasonalities after the June Opex are not great. I’m flagging some of these setups early, in the realization that they may pan out next week too.

With that, let’s look at a few longs and shorts.

Have a great, long holiday weekend everyone. Thank you for reading our work!

Walmart (WMT)

Higher low and higher highs, with a hell of a win streak — up 11 out of the last 12 sessions.

Let’s see if we can get a reset back down into the $154-$155 area and a tag of the 10-day ema. If the setup comes to us from the current highs, the first trim area would be $156-$156.50.

Shouldn’t break $152-53 if healthy.

Delta (DAL)

An absolute monster as travel stocks explode and DAL is now up 15 sessions in a row. A dip back to the $40 area has our attention in the short term — especially if it aligns with the rising 10-day ema.

PayPal (PYPL)

I honestly kind of like PayPal from a fundamental standpoint, but the market clearly hates this stock. The $67.50 area was key support for about a year, then broke in May.

Now approaching this level, along with the 10-week and 50-day moving averages, bears have a measured R/R area to sell against. Above $70-70.50 and the short thesis starts to fall apart.

$64-64.50 is the first trim spot, then $63-ish or lower.

First Solar (FSLR)

This one is interesting. An inside day in a bearish trend below most of its daily moving averages.

Aggressive bear can sell the “inside-and-down” move below $190.90. However, others may prefer to wait for the break below $189.50 to $190. That has been floor support but a close below this level opens the door to the $183.50 gap-fill.

On the flip side of all of this, we have a sort of “falling wedge” look here, as annotated on the chart with those blue lines capping the recent lows and highs. A move over the $200-$202.50 area could ignite FSLR higher.

Remember, this one can move big, so a small options position may be a better risk management solution than outright common.

Salesforce (CRM)

You could make the case that CRM is getting tired here, but I can’t help but notice the 50-day/10-week moving average combo near the $200 level.

If we get a tag and hold of the low-$200s, this one may be worth a few upside calls as we can try for a move back to the $220+ area.

Disclaimer: Charts and analysis are for discussion and education purposes only. I am not a financial advisor, do not give financial advice and am not recommending the buying or selling of any security.

Remember: Not all setups will trigger. Not all setups will be profitable. Not all setups should be taken. These are simply the setups that I have put together for years on my own and what I watch as part of my own “game plan” coming into each day. Good luck!