This market is definitely turning into a “when in Rome…” tape for traders on a daily basis. Yesterday’s weakness, for example, is being gained back with today’s strength. I still see many sloppy daily chart patterns for longer-term swings.
But for momentum, recent IPO’s like BABA CYBR GPRO are clearly where the action is.
Also keep an eye on DGLY LOCO to see if they get going soon.
Frothy? It sure seems that way if these are the hot issues.
But that won’t change until the Barbarians invade Rome and truly put an end to the QE Empire.
Damn that UGAZ was hot today. Bought this morning at 13.35 and just sold…needed a profit after the last week.
Maybe short covering into the number tomorrow, are you trading UGAZ at all?
Looking at it here.
Easiest trade continues to be short gold and or silver. No real strength there as if yet. I am hoping we get a little more upside so I can short the fuck out of it.
Hitting 112 on IWM – checking back from below after basing and crossing thru yesterday? I remain bearish
Thoughts on TLT? Pretty big down day after the recent rally.
I’m back long TBT