Holiday Weekend

Last night in After Hours with Option Addict we talked up a couple stock trade ideas. EGHT and URRE in particular. URRE is starting to perk up here, keep an eye on this is it moves north of $3.

I’ve come up with a few more tickers we’ll set-up for next week, but for right now, I’m starting to disengage for a nice long weekend.

Speaking of which, I will be out of the office, and out of consciousness on Monday. I’m scheduled for a surgery and it was the only time I could get in. Therefore, no After Hours with Option Addict on Monday.

Enjoy the much needed rest, and for those of you around, perhaps I will see you in After Hours with Option Addict after the bell.

OA

Setting Up the Day

Over the last several sessions, the best trade has been to avoid buying early, and wait til the afternoon to pick up a long.

I’m watching many of the names we discussed last night, namely YELP, SUNE and TWTR.

The $RUT is doing something a little different today as well. Last several sessions, it has led to the downside in about every probe lower. Today, it’s holding around its opening low, while everything else is trading beneath that same level. Subtle divergence, but a change of character, even if only temporary.

More later,

OA

 

Getting Hammer’d

The false breakdown of the neckline in the NASDAQ, excessive strong TICK readings, and fast action in beaten up momo (TWTR) offer some positive structure to the current market situation, and suggest some new money going to work. Lots of long tails on heavy volume starting to surface everywhere.

The best buy signal over the last few years has been the false breakdown/bear-trap in the indices, with the exception of  08/2011. Since only the .01% of the population OWN stocks as opposed to trade them, and they’ve conducted enough selling to satisfy their tax obligations, it would seem prudent to get a little relief of the selling pressure here.

I averaged down some SINA and TWTR yesterday, that are two of my favorite long term ideas here…and sold off a handful of positions in capitulation mode this morning. Regrettably AKS and ONVO.

It’s been an ugly year for me. I was trained like a dog to go through the motions over the last several years, and missed the optimal point to swing both ways. It’s been a humbling experience, and one that, despite being uncomfortable, is one I will end up being thankful for at a more important time in the future.

OA

OA Buy: FB

I took Apr 60 calls in FB here for the day, keeping risk tight.

More later,

OA

Holiday Weekend

Last night in After Hours with Option Addict we talked up a couple stock trade ideas. EGHT and URRE in particular. URRE is starting to perk up here, keep an eye on this is it moves north of $3.

I’ve come up with a few more tickers we’ll set-up for next week, but for right now, I’m starting to disengage for a nice long weekend.

Speaking of which, I will be out of the office, and out of consciousness on Monday. I’m scheduled for a surgery and it was the only time I could get in. Therefore, no After Hours with Option Addict on Monday.

Enjoy the much needed rest, and for those of you around, perhaps I will see you in After Hours with Option Addict after the bell.

OA

Setting Up the Day

Over the last several sessions, the best trade has been to avoid buying early, and wait til the afternoon to pick up a long.

I’m watching many of the names we discussed last night, namely YELP, SUNE and TWTR.

The $RUT is doing something a little different today as well. Last several sessions, it has led to the downside in about every probe lower. Today, it’s holding around its opening low, while everything else is trading beneath that same level. Subtle divergence, but a change of character, even if only temporary.

More later,

OA

 

Getting Hammer’d

The false breakdown of the neckline in the NASDAQ, excessive strong TICK readings, and fast action in beaten up momo (TWTR) offer some positive structure to the current market situation, and suggest some new money going to work. Lots of long tails on heavy volume starting to surface everywhere.

The best buy signal over the last few years has been the false breakdown/bear-trap in the indices, with the exception of  08/2011. Since only the .01% of the population OWN stocks as opposed to trade them, and they’ve conducted enough selling to satisfy their tax obligations, it would seem prudent to get a little relief of the selling pressure here.

I averaged down some SINA and TWTR yesterday, that are two of my favorite long term ideas here…and sold off a handful of positions in capitulation mode this morning. Regrettably AKS and ONVO.

It’s been an ugly year for me. I was trained like a dog to go through the motions over the last several years, and missed the optimal point to swing both ways. It’s been a humbling experience, and one that, despite being uncomfortable, is one I will end up being thankful for at a more important time in the future.

OA

OA Buy: FB

I took Apr 60 calls in FB here for the day, keeping risk tight.

More later,

OA