There is an obvious divergence going on between the Russell/Nasdaq versus the Dow/S&P.
Today could be a day that signals whether the relative strength holds up the loose ends, or whether the recent weakness kills the relative strength. I think market speed will determine that today.
As for trades, I’ve taken off TEAR, and considering cutting one more position. The fact that I’ve got strong names in the mix has me reluctant to take anything off, but that opinion might change as volatility fluctuates today.
I’m looking to buy GRPN lower and have my eye on GNC, FIO, ARUN, SQM.
OA
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What are your thoughts on solar today, specifically YGE? I loved the triangle of consolidation, but today has thrown me for a loop.
Also out of $TEAR. And, as RC put it: “wrong day for solr”, so pulled my hand back from $YGE. $VHC still holding pattern though, and bought a 21/22 OCT call spread.
I am out of TEAR and GMCR for a loss.
what’s your target on molycorp? $8.40?
$8 first, then $10.
do you roll to november’s to catch the $10?
i’m buying this dip, like YGE here. also like GOGO.
are you still in FSLR and LDK? Your take on solar sector for next 1-2 weeks?
I sold LDK on Friday.
EVC right here
price action is very shallow ( market in sell-mode )
O, you still holding YGE oct’s?
Just one of those days where I plan a nap under my desk
OA – are you taking stabs on any of the home builders with earnings this week?
I own BZH calls.
OA, XONE is looking attractive, and oversold. Thoughts?
In comparing the Sentiment Cycle to the $SPX, it looks like the ‘Aversion’ movement did take place, it’s just that it entirely happened within a single day (Sept 6). Today, I’m seeing ‘Buy The Dip’…