It was clearly an initiative move yesterday, especially in risk on instruments. Per our sentiment flow, this move would equate to “denial” in this move in stocks today.
Despite the clearly bearish divergence in the Russell today, if that relationship changes tomorrow to where the Russell is back to its Friday & Monday leadership role, I will be aggressively buying this market for a more meaningful rally.
We’ll discuss this in detail in After Hours with Option Addict, but I’m thinking we might see a good enough move to make up for losses from earlier in the year. Thus far, our recent string of longs/shorts has proven to be back in rhythm, so I’m looking at getting long the following names if this set-up pans out.
FSLR, CSIQ, BIDU, UA, SUNE, SINA…TNA.
I’m still shopping for more or better ideas, but with the right size and a good market move, I can easily dig myself out of the 2014 wreckage.
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And if the momos ever decide to play catch up….
This long without a countertrend move is odd…
If only to create a bulltrap of some sort. May TWTR calls seem reallllllly cheap – 36s for a dime? Wouldn’t take all that much to get a pop here
it is very odd.
Struggling to find ideas myself.
Love that TNA trade, hopefully lower. Looking at NE now, and trying to talk myself out of CMCSA, GWPH and WPRT, but those setups look actionable.
Putting Sina and Tina in the same room is a recipe for drama, good and/or bad.
trying a short NQ 3615
It’s the only one north of VWAP…
I meant…great short!
thank!, I don;t use the VWAP but I see a flag on the 5min NQ. I think we have a bigger pullback before new highs. Still overall bullish.
out 1/2 +7
may see the lows of the day.
Long BIDU calls and back in SCTY. Will add more tomorrow if my idea pans out.
wanna say great video tonite and thank you. will be looking out for your am post.
Take me to the river, drop me in the water
all out +7 not holding overnight
jeff…don’t look now,,,but we are banking wins slow and steady in TA…well done
Jeff is getting his rhythm back
https://www.youtube.com/watch?v=3SxVOI5zfdQ
Helped me take a $6500 account to $9500 in the last month
gold looks strong here. I’m looking for a long in GC as there could a big move coming.
also looking hard for that oil short this morning, if it doesn;t reverse today may have to leave it. I sold out of my YEN trade on Friday but I watch it everyday for an overall market tell. I think the currencies may play a big role this summer.
Trying to gauge my performance of late. I’m in a break even hell here. Lots of effort for small loss, small gain for a big fat going no where. Is anyone making money out there?
Nabbed FSLR
short crude 102.28. short leash but giving it a try
hope u all grabbed some triple D. best chart out there.
I passed on this and COUP yesterday, after calling them out, like an asshole.
lol. I missed my chance to add more SCTY.
CLDX had a nice pop too
I am now back to even on COUP and have been building a position in DDD Aug75s and 80s, which I hope to exit mid-Summer at a reasonable gain.
ZU – impressive bounce
After a lock-up expiry, too.
I noticed TWTR bounced nicely after expiary – who is next – FEYE?
SPLUNK maybe…
some pot stocks looking like a decent setup: MJNA & GRNH; MJNA starting to move today.
Back in TNA, calls both this week and next.
out crude -.08
might regret it but have to leave. Not confident enough to hold without watching it.
$IWM and $EEM have been moving in opposite directions the past two days.
EEM broke a multi-year consolidation this week. Very important overall market indicator.
Yup, $EDC is awesome. Core position. Trading $TNA and some longterm aversion stocks.
I sold half my $EDC at 29.61. Looking to add back on some weakness.
to late to jump into EEM. Thinking about putting a position on. I just got out of EWZ from 30
Hmm, I see it as bumping up against resistance line now, extending from Jan ’14. And overbought. If I go long, it’s after it enters the upper BB again
Something Brewing, yeah its that ghetto Gumbo
?
trying the crude short again 102.4
QIHU-Shorting this strength.
Jeff-I bought WDC June puts yesterday. Any thoughts here. Bail? Ride this strength out?
Well, stocks like this, you want to sell rips…Where would you say you are wrong in this trade? I’ve been looking to enter puts into strength.
Probably when it broke $85.91 I became wrong. Now I’m handily wrong down 65% on my premium with TONS of time left. Still learning how to manage options. Thanks
No worries, like that QIHU short…when you identify a bearish candidate, wait for these pops to enter.
would you include YY as a short candidate as well?
out crude again -.08 Leaving this alone for the time being.
whats the pulse like out there. i glanced at all my positions and they appear to be coiling except maybe SCTY, but DDD AAPL, etc…
I have an SDS position on in case.
if crude closes red something will get broken in my office.
I just signed up for your service after watching that example video. Good lord! My choices have always been really really good(except crazy drunk single FEY .40 option call) but my timing, even a week off, has messed me up pretty bad often. It’s frustrating making the right call at the wrong time, and I really think your guidance will help me flourish. Thanks in advance. 😀
Looking forward to having you, Bruce. Thanks.