NFLX is still consolidating in a fairly orderly manner off its recent move higher. I retain a small long in the name and will add back if buyers can reemerge soon. $350 remains my line in the sand below.
Meanwhile, metals and miners are being their usual volatile selves. On the 30-minute timeframes for gold, silver, and the gold miner ETF’s, note that gold and gold miners have well-defined lows in place against which to trade. However, silver is slightly diverging to the upside over the past twenty-four hours.
Drop me some tickers you are watching this afternoon.
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watching
hk, balt, ftk, PD, wlt, GFS
have positions in some ; )
hope you’re having a good day Chess
You too, Mr. Wolf! Thank you.
im itching for some PM’s, i tend to have a very contrarian view at times
SLW, FNV, maybe even ANV, but i still say we go lower with tax loss selling
Yeah, that may very well be an issue here.
BBY , P if it wont take yesterday high look decent small risk short
Like the play.
Picked up some OWW and would like to see SWHC stay over 12 with conviction. Perhaps SWHC might rise into earnings due out AC Tuesday?
Nice strength and chart for SWHC
SO, ETR, looking for a dividend player as a long term hold in this sector. Both of these seem like good entries to me ,and easy to manage if it doesn’t pan out.
Agree on the managing risk.
Chess
Do you think MCP still has room? I have Dec 5.0 calls
Still in downtrend so counter-trend play. Like it over $5
Chess, on consolidating Bull Flags at what point do you normally enter the trade? Some traders buy the break-out, some buy at low points of the flag. Just curious.