The Russell led the market on another charge higher today, breaking its balance range of 990, and confirming our upside bias here in stocks.
The VIX will be the next confirmation signal to watch here. I break of its recent lows will send volatility crashing lower, and confirming higher stock prices. Things we predicted over two weeks ago.
The bottom line is that all these signals will confirm another easy leg higher. An opportunity to increase risk, and grab easy gains. All good things.
As for me, I will be out again tomorrow, but will update some trades I will take on Thursday. I have about a half dozen stocks I want to start positioning myself in via July calls…
CYOU, MTW, CRK, RVBD…and working on a few others.
As for my tournament week here, my boys are 3-0 and will play for the Gold metal tomorrow. The old men lace up on Thursday at 11 AM. In case you were wondering, lol.
OA
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Nice rax call
Thx Boss
OA, thanks for mentioning MTW. The chart looks good so I took a small long position today.
Good luck with the Gold medal game. Always great to see good dads working with and inspiring young men.
Still holding on to your IQNT?
Yes
hope he bought some TZA like I told him
Lol you think you are that special that a proven great trader is going to abandon his own strategies and practices which produces monster winners in good times and bad just to follow some plebe in the comments section?
You are helping no one do anything but start arguments. You are a distraction and an antagonist who no one is going to listen to anyways because of the way you conduct yourself. You come into the Fly’s house and OptionAddicts house and shit in their boots? You are worse than the NSA… At least when the NSA pretends they are invading our houses to “help us” they don’t wave a sign around desperate for attention like some pathetic whore. At least when the TSA frisks us they don’t leave our properties with odors of fecies.
At least when the television brainwashes us, we can smile while it happens.
At least when we our poisoned by floride waters, we can get whiter teeth and quench our thirsts.
Get it?
Well I have to go switch my tinfoil hat and change my IP address and return to my bomb shelter now, before they ship me off to the crazyhouse, but keep that in mind!
wow – seek help for your bitterness
bitterness? I found it slightly humorous…. or should I say “humerous”, lol.
well that RIDICULOUS ramp yesterday is officially ERASED – like I said it would be.
BULL STEAKS FOR DINNER!
why would he care, he’s long GMCR calls
CHA CHING BABY!
BANG!
what is the meaning behind this “bang”
Hey OA….
Are you still long BIDU and are you accumulating more? Do you have a year end price target?
Hi OA, waiting your thought and plan here. Thanks!