Over the last three weekends, I presented my Weekly Strategy Session in video format.
Here is the full Session from last Sunday.
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For you night owls out there, feel free to drop me any market/trading-related topics you would like me to cover in a weekend video.
In addition, anything else about the current market, feel free to drop below.
Speak your mind, night owls.
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Long ideas on strength tomorrow: ACHN BLUE DMND TUBE.
And 12631 member: “Optiontastic” noted the Vmware short setup, seen bear-flagging in a downtrend on the daily chart, below. I like it as a short on further weakness.
Drop me your top tickers overnight.
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Enjoy tonight’s video, and enjoy your evening.
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At this point I am almost exclusively keying off the biotechnology sector, using the IBB ETF, to determine whether this market “blows-off” higher. The ETF came within a few points of $300 today. And you get the sense that fund managers absolutely must have the biotechs on their books into year-end.
My only position now is a short UNP tester, as transports in their own right have been parabolic.
INTC is down big today, suspiciously.
But, overall, I am being my time in cash until I get a better pitch to swing at.
What are you trading into the final hour?
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In addition to the Facebook reversal off gap-fill support, Twitter is also staging an impressive upside reversal in its own right today.
After some earnings swoons, both stocks are scowling at shorts, in addition to the major indices at-large.
I am still not going to get too involved on the short side until I see the biotechs cease making fresh higher.
As far as long ideas, a few biotechs with solid charts: ACHN AGIO AVNR.
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