Ever get the feeling of impending doom? This market has all of the classic traits of risk aversion. Nothing lasts. Scouring over the Exodus momentum screen, I am entreated with comedic relief, for I know none of these stocks will be up tomorrow.
What is our momentum screen? An algo that produces stocks that appear to be careening higher. The great thing about running these algos is that is forces you to separate emotons from trading. Right now, I am incredibly cynical about the market; but the algos say differently.
I am doing all right, all things considered. VRX is lower, but PAH and CNC are higher. I really want to get super bullish, excited about a position, and kill it on a big trade.
Don’t we all?
At this moment, I am leaning towards VRX being that killer trade idea for 2016. It possesses all of the qualities of a stock that can climb a wall of worry and defy reason. There is a distinct possibility that the stock can be the single best performing large cap name over the next 12 mos.
Anyone recall NFLX at $60? I do, since I was long down there. Zerohedge ran stories of liquidity issues, alluding to the possibility that NFLX would run aground. Naturally, I sold out too soon and Carl “fuck you, give me 3 seats on your board” Icahn ended up making $3 billion on the trade.
VRX has that sort of crazy upside potential, a double or triple from current levels.
Aside from that, we are on a rudderless, sinking ship, heading towards a sea of fire that is filled with carnivorous sea monsters.
Happy trading!
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Emotons? Are these related to Protons and Neutrons?