GOT BALLS?

1,706 views

What are you doing into this, if anything?

When I look at the action on the indices, I feel like I am being lied to.

Are you liquidating longs here?

Selling short?

Buying protection?

Getting long?

Fetal position?

Doggy-style?

Any comments from the gallery are appreciated here. I’m trying to decipher the pain trade right now.

Thanks much,

OA

 

$DANG THIS MARKET SUCKS

1,200 views

Despite the early negative divergence in the Russell, at least we still have some incredible dispersion across equities here today.

$DANG finally decided to participate in this China run. Hopefully this sparks a breakout of this year long wedge we’ve been discussing in After Hours with Option Addict.

As for the market, we’ve warned about this week and its importance to our overall market map. I feel this reversal happened way too early to be the “right” move, so I’m watching the close in the Russell today as the overall tell.

More later,

OA

WE’RE AT A CROSSROADS, GENTLEMEN

3,392 views

We’ve arrived at a significant crossroads in equities. One that must be addressed heading into May.

I’ve saved any top calling efforts for the professionals on StockTwits. However, one metric I’ve always used in this process is market speed and overall volatility.

Here are two things you need to consider, as “market speed” is at a critical juncture.

I’ve always used the ATR on the indices to determine what is normal/abnormal volatility. Anything under 20 in the SPX is normal speed. Anything above is a precursor to market weakness. Volatility at market highs suggests changes in trend are on the horizon.

With the old adage, “Sell in May and Go Away” if there is no selling this upcoming week, this market will rally for no less than 8 months from here. However, a little selling next week might be the trigger or start of a decent move lower.

This image shows where a spike above 20 in ATR has marked tops.

SPYATR

This image shows where a breakdown in ATR has set off a prolonged market rally.

SPYLongATR

Just focus on the detail of where the daily ATR is in reference to this 20 level. My original call that I’ve stuck to for years is that we need that last melt-up phase, and I’ve never swayed from that. Next week and into May is my confirmation of this move.

Consider a hedge, just in case.

OA

GOING OUT ON A LIMB HERE

1,194 views

I SOLD THE WEIBO.

$17.25, from $12.44.

I still like these China stocks and am still riding a handful of them.

I’m scanning for ideas for next week and will post a few this afternoon.

OA

 

PACK YOUR BAGS, YOU’RE COMING TO NEW YORK

2,527 views

It’s time to start making arrangements for this years iBC Investor Conference. This year we will be courting you in NYC, and plan to beef up our guest lists with some big names, all of which will be revealed to you at the right time.

The price will range from $399-$599, with another VIP event that will cost $1,000. What we are trying to figure out is which time of the year you’d be able to attend, and trying to gauge overall interest levels. Please cast your votes below.

https://www.surveymonkey.com/r/C9C69NR

MY WEIBO. IT’S WORKING.

2,049 views

These China stocks are popping off left and right. We closed $JMEI and $YY last week for pretty big gains, and am still sitting on $WB, $DANG, more $YY calls, $MOMO and $SINA.

$YY, $DANG and $MOMO are still actionable from here. These stocks are likely going to play catch-up to the market heading into the summer, so pick a few to watch and let’s watch for entry points moving forward.

More later,

OA

 

GOT BALLS?

1,706 views

What are you doing into this, if anything?

When I look at the action on the indices, I feel like I am being lied to.

Are you liquidating longs here?

Selling short?

Buying protection?

Getting long?

Fetal position?

Doggy-style?

Any comments from the gallery are appreciated here. I’m trying to decipher the pain trade right now.

Thanks much,

OA

 

$DANG THIS MARKET SUCKS

1,200 views

Despite the early negative divergence in the Russell, at least we still have some incredible dispersion across equities here today.

$DANG finally decided to participate in this China run. Hopefully this sparks a breakout of this year long wedge we’ve been discussing in After Hours with Option Addict.

As for the market, we’ve warned about this week and its importance to our overall market map. I feel this reversal happened way too early to be the “right” move, so I’m watching the close in the Russell today as the overall tell.

More later,

OA

WE’RE AT A CROSSROADS, GENTLEMEN

3,392 views

We’ve arrived at a significant crossroads in equities. One that must be addressed heading into May.

I’ve saved any top calling efforts for the professionals on StockTwits. However, one metric I’ve always used in this process is market speed and overall volatility.

Here are two things you need to consider, as “market speed” is at a critical juncture.

I’ve always used the ATR on the indices to determine what is normal/abnormal volatility. Anything under 20 in the SPX is normal speed. Anything above is a precursor to market weakness. Volatility at market highs suggests changes in trend are on the horizon.

With the old adage, “Sell in May and Go Away” if there is no selling this upcoming week, this market will rally for no less than 8 months from here. However, a little selling next week might be the trigger or start of a decent move lower.

This image shows where a spike above 20 in ATR has marked tops.

SPYATR

This image shows where a breakdown in ATR has set off a prolonged market rally.

SPYLongATR

Just focus on the detail of where the daily ATR is in reference to this 20 level. My original call that I’ve stuck to for years is that we need that last melt-up phase, and I’ve never swayed from that. Next week and into May is my confirmation of this move.

Consider a hedge, just in case.

OA

GOING OUT ON A LIMB HERE

1,194 views

I SOLD THE WEIBO.

$17.25, from $12.44.

I still like these China stocks and am still riding a handful of them.

I’m scanning for ideas for next week and will post a few this afternoon.

OA

 

PACK YOUR BAGS, YOU’RE COMING TO NEW YORK

2,527 views

It’s time to start making arrangements for this years iBC Investor Conference. This year we will be courting you in NYC, and plan to beef up our guest lists with some big names, all of which will be revealed to you at the right time.

The price will range from $399-$599, with another VIP event that will cost $1,000. What we are trying to figure out is which time of the year you’d be able to attend, and trying to gauge overall interest levels. Please cast your votes below.

https://www.surveymonkey.com/r/C9C69NR

MY WEIBO. IT’S WORKING.

2,049 views

These China stocks are popping off left and right. We closed $JMEI and $YY last week for pretty big gains, and am still sitting on $WB, $DANG, more $YY calls, $MOMO and $SINA.

$YY, $DANG and $MOMO are still actionable from here. These stocks are likely going to play catch-up to the market heading into the summer, so pick a few to watch and let’s watch for entry points moving forward.

More later,

OA