As predicted and promised in our After Hours with Option Addict sessions on Thursday and Friday, we discussed coming back from a long holiday weekend to higher stock prices.
I’ve been loading up on longs last week, waiting for my sentiment cycle call to pan out. My short term target is 1667.
Plenty of strength to book gains into here. We’ll revise a market game plan tomorrow after the close.
BTW – Here is the Weekly Watchlist: BIDU, FI, LNKD, BYD, BHI, UA, MTW, RKUS, FSLR, VPCO, SUTR, JASO, FENG, APPY
OA
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Hallelujah.
I can’t seem to find the PayPal subscription option for After Hours.
We should see a quick pop on YGE today and then I’m gone .
http://www.bloomberg.com/news/2013-09-03/solar-defaults-shock-holders-as-8-4-billion-due-china-credit.html?cmpid=yhoo
eyeballing ATVI for a break out
OA, I am right in thinking WLT looks good to go above 13.75? especially with the huge % of shorts
Any strength in that stock is good, as far as I am concerned. Needs to get moving.
WLT has been reporting red for the last three quarters, next one will be worse. Can a squeeze overcome that non-performance? (And Fly says coal is dead…)
I’m not trading fundamentals here. You can always pass and find one that looks better in your eyes.
Not for or against, just trying to learn more about the power of the short squeeze…
Let’s keep watching it.
OA, nice call on higher mrkt…sold some DECK, LNKD this am…need permission to buy BIDU 9/6 weeklies and 9/21??
We’ve been watching BIDU since the open…thinking of taking a shot here.
LOL, need permission. Is this grade school?
yes sethster99, this is grade school and OA is the football coach with a paddle!
KBH setting up well for an additional position…. looking longer term on it. Really like that falling wedge pattern on weekly with good spot to manage risk on recent lows. Very nice R/R if you can look out around 3-6 months.
DENIAL
= lowest price risk entry point out of the whole sentiment cycle
WLT holding up in this wave of selling. really want this thing to take off, lots of wicks over the last days candles
This is fading, given bond yields and ISM.
On 30min, $FSLR is looking to be in the depths of Aversion. Hopefully, things could get interesting pretty soon…
OA, considering your multi-year long term volume profile set-up, have a look at CME.
Love the short term pattern, too.
why mutual fund tuesday?
First trading day of the month
Coach: genius call on YGE…..also, sage pick on DECK, WLT as they be v strong on flat day…I’m in BIDU for next run..
Thanks