ANXIETY

Which of the following statements best describes you?

  • I am bullish, but feel I missed a lot of opportunity recently.
  • I am bullish and am confident in how I played this move.
  • I am bearish, but am tentative after a few misses recently.
  • I am bearish and am confident in how I have played this move.
  • None of the above. I am an asshole troll.

We’ve climbed the wall of worry in record speed. In fact, that 5 day rally in the SPY was 7%. That’s faster than the European Financial Crisis rally of August 2011. That stat helps to put things into perspective.

After an elevated move like this, both sides of the trade tend to get anxious. You saw this yesterday after the E-Bowl-a news hit the tape towards the close. It was a fast reaction because participants are anxious.

If sentiment is a guide we might see just a little risk aversion into next week. Whether or not we see buyers will be determined later. Not a bad spot to insure a few longs here going into the weekend, or to take a shot at the market pairing back some of these gains.

While you debate this over a few days away from the screen, debate coming out to Vegas with me. Learn more here: https://ibankcoin.com/investors-conference/

OA

THE BABA TOP

I read numerous discussions about BABA being the end signal of this long running bull market. Not a bad call to this point as stocks are much lower than they were at the BABA IPO. However, that argument didn’t concern me as much as the stock did. Leading up to the IPO I was trying to develop an opinion on the stock, and initially my opinion was simple; I didn’t have one.

I wanted to observe price action in this for the first few weeks, and noticed that it followed a very specific path that TWTR did post IPO. I wrote about this here.

Here is another look at the charts:

twtripo

bababitch

Remember, TWTR created a “chase.” Most were very bearish on the idea as it came to market and avoided the long. We got an amazing entry on this based on that sentiment. Once it started moving, minds were quickly changed and the stock ripped higher, forcing non-participants to chase it all the way up.

I’m not suggesting BABA is going to have same outcome, but this is what we positioned in this name for.

OA

THE OVARY TRADE IS WINNING

The ovary trade is now profitable, FWIW.

We’ve climbed the wall of worry faster than some of the most wicked sell-offs of this bull cycle. Volatility still remains in this market, so I am still keeping things short and sweet until they normalize.

Option premiums are coming back into reasonable levels, but the speed of the overall market still needs to diminish a bit before we engage on the same level we normally do. In other words, a normal environment is not far off. If you’d like me to expand on that, please visit last nights recording on After Hours with Option Addict. I hit this in the most detailed way I could last night.

My primary focus is developing a watchlist for next week. The theme will be relative strength. Anything that has held up in the last month better than your average should be a consideration as a long. Conversely, anything that deteriorated more than the average should be considered as a short into strength. The list will be also based on action points, as usual. So anything we look at later today will be based on a precise entry where risk is easy to manage.

Bring your top ideas and we’ll discuss tonight.

OA

VEGAS CONFERENCE

In just over two weeks, I will be presenting at the upcoming IBC investor conference. We’ve got a great line-up of entertainment, great food, and fantastic content set-up for those that are planning to attend.

I’ve been creating the content for this conference and the timing of this event could not dovetail any better with the timing of this market correction. More specifically, the timing in how we are coming out of it. It was meant to be.

Listen, there is significant market opportunity right up around the corner. You know as well as I do that when volatility normalizes, I put on a show. I have put into motion a presentation that will roadmap an incredible road of opportunity for those looking to end the year on a high note. This will also include projections and predictions that carry not only stocks, but several asset classes into next year.

You will learn how I predict stock rotations, the risk and sentiment cycles we follow, as well as how to predict the explosive stock movements we find. You’ll leave with an incredible set of tools with an easy instruction manual on how to follow them.

You’ve got just over two weeks to make this happen. Don’t miss out on the opportunity. Email me. Let’s make this work.

https://ibankcoin.com/investors-conference/

OA

GOODNIGHT GOLD

Gold prices appear to be making their final descent towards support, and the trap door we’ve been patiently awaiting.

If Silver prices were a leading indicator here, you’ll see likely see a little panic as my friends, relatives and neighbors all liquidate their “long term investments” that were purchased in 2011.

shitsilver

Here’s another look at Gold and the structure below…

shitgold

Just for kicks, here is the old sentiment chart that correlates to what we’re about to witness here.

Sentiment Chart

 

ANXIETY

Which of the following statements best describes you?

  • I am bullish, but feel I missed a lot of opportunity recently.
  • I am bullish and am confident in how I played this move.
  • I am bearish, but am tentative after a few misses recently.
  • I am bearish and am confident in how I have played this move.
  • None of the above. I am an asshole troll.

We’ve climbed the wall of worry in record speed. In fact, that 5 day rally in the SPY was 7%. That’s faster than the European Financial Crisis rally of August 2011. That stat helps to put things into perspective.

After an elevated move like this, both sides of the trade tend to get anxious. You saw this yesterday after the E-Bowl-a news hit the tape towards the close. It was a fast reaction because participants are anxious.

If sentiment is a guide we might see just a little risk aversion into next week. Whether or not we see buyers will be determined later. Not a bad spot to insure a few longs here going into the weekend, or to take a shot at the market pairing back some of these gains.

While you debate this over a few days away from the screen, debate coming out to Vegas with me. Learn more here: https://ibankcoin.com/investors-conference/

OA

THE BABA TOP

I read numerous discussions about BABA being the end signal of this long running bull market. Not a bad call to this point as stocks are much lower than they were at the BABA IPO. However, that argument didn’t concern me as much as the stock did. Leading up to the IPO I was trying to develop an opinion on the stock, and initially my opinion was simple; I didn’t have one.

I wanted to observe price action in this for the first few weeks, and noticed that it followed a very specific path that TWTR did post IPO. I wrote about this here.

Here is another look at the charts:

twtripo

bababitch

Remember, TWTR created a “chase.” Most were very bearish on the idea as it came to market and avoided the long. We got an amazing entry on this based on that sentiment. Once it started moving, minds were quickly changed and the stock ripped higher, forcing non-participants to chase it all the way up.

I’m not suggesting BABA is going to have same outcome, but this is what we positioned in this name for.

OA

THE OVARY TRADE IS WINNING

The ovary trade is now profitable, FWIW.

We’ve climbed the wall of worry faster than some of the most wicked sell-offs of this bull cycle. Volatility still remains in this market, so I am still keeping things short and sweet until they normalize.

Option premiums are coming back into reasonable levels, but the speed of the overall market still needs to diminish a bit before we engage on the same level we normally do. In other words, a normal environment is not far off. If you’d like me to expand on that, please visit last nights recording on After Hours with Option Addict. I hit this in the most detailed way I could last night.

My primary focus is developing a watchlist for next week. The theme will be relative strength. Anything that has held up in the last month better than your average should be a consideration as a long. Conversely, anything that deteriorated more than the average should be considered as a short into strength. The list will be also based on action points, as usual. So anything we look at later today will be based on a precise entry where risk is easy to manage.

Bring your top ideas and we’ll discuss tonight.

OA

VEGAS CONFERENCE

In just over two weeks, I will be presenting at the upcoming IBC investor conference. We’ve got a great line-up of entertainment, great food, and fantastic content set-up for those that are planning to attend.

I’ve been creating the content for this conference and the timing of this event could not dovetail any better with the timing of this market correction. More specifically, the timing in how we are coming out of it. It was meant to be.

Listen, there is significant market opportunity right up around the corner. You know as well as I do that when volatility normalizes, I put on a show. I have put into motion a presentation that will roadmap an incredible road of opportunity for those looking to end the year on a high note. This will also include projections and predictions that carry not only stocks, but several asset classes into next year.

You will learn how I predict stock rotations, the risk and sentiment cycles we follow, as well as how to predict the explosive stock movements we find. You’ll leave with an incredible set of tools with an easy instruction manual on how to follow them.

You’ve got just over two weeks to make this happen. Don’t miss out on the opportunity. Email me. Let’s make this work.

https://ibankcoin.com/investors-conference/

OA

GOODNIGHT GOLD

Gold prices appear to be making their final descent towards support, and the trap door we’ve been patiently awaiting.

If Silver prices were a leading indicator here, you’ll see likely see a little panic as my friends, relatives and neighbors all liquidate their “long term investments” that were purchased in 2011.

shitsilver

Here’s another look at Gold and the structure below…

shitgold

Just for kicks, here is the old sentiment chart that correlates to what we’re about to witness here.

Sentiment Chart