From our 2014 outlook, the Emerging Markets theme is still humming along. Today, India (IFN) is ripping. Check out this great piece in the Times:
http://www.nytimes.com/interactive/2014/05/15/world/asia/india-election.html?hp&_r=2
While the Indian internet stocks are forever on my radar (SIFY, REDF) charts of INFY and MMYT appear to be decent set-ups, especially taking longer term charts into consideration.
I booked gains on TTM recently, but will look for another spot to get in.
OA
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buy ES 1866.5
Wow. echoey in here.I’m stepping back in with a small IWM call long and everybody stepping out? Great trade on TTM. Do you think the bromide don’t short a dull market applies here?
Friday, flat market, weekend calling.
I’m long chicken and ribs into the bell here. Maybe a case of PBR.
Brisket smoking now, and bonfire later here…Got May 23 TNA calls and TZA puts going on now.
going with yee olde man theme. i bought DIA calls. bring on the elastic bands and covered slippers.
out 1/2 NQ + 17.5 Yeah baby!!
out all NQ +22 and ES +6.25, good scotch tonight!
nice trade
nice work chief!
A few May 30 TNA 72 calls.
Russell and NQ leading the end of day again. Rally mode monday???
bought ICG today . looks poised ( for what? we will see )
here we go $$$$$$$$$$$
bananas$$$$$$
Jeff ,
Thanks for posting on my country elections
Rajusus
i bought SUNE calls over FSLR today. completely missed AAPL reversal *facepalm*
also, next week i think social-momo will catch a bid. like FB here
INXX
Monthly OPEX and I missed aapl due to work conference.
The 590’s traded for 11 cents and closed in the mid $7’s.
A $2k trade would have yielded 135k.
Frustrating when it’s a play you usually take every month. Oh well.
thats gambling matt.
Don’t let it get to you Matt. When you think about it, if you were indeed watching, you would have most likely closed out much sooner than $7.
I forgot I had JCP $9’s too. They were worthless last week. Now I’m taking assignment of shares. My luck I’m about to get molycorp’d.
A few longs I like for next week via my finviz search. YRCW, NEM, NOW, NKTR, FB.
A few shorts I like for next week via my finviz search. JAZZ, OCN, NYT.
A few interesting charts to watch: AAPL, FB, FDX, TIF, TSO, Z.
My personal favorite is TSO. That thing could rip for weeks from this base similar to how it did last fall.
AAPL is interesting to me based on excitement over the coming stock split. Even though the split literally does nothing to the valuation or technicals, I believe you will see people more willing to buy the stock at $85 than $600. It’s all sub-conscious, but I believe that’s how retail traders in particular will view the stock price. With that said I think you will see the stock run into the split.
keep an eye on the YEN it’s getting into clean air.
short NQ 3576.5
clsoed -.25
weird day, markets up gold up and the YEN up. Bet it doesn’t stay that way all day.
Having fun this morning. Lots of $TNA hedged with $SDOW.
TNA calls and TZA puts are working. Plan is to take them off at TNA 70 and TZA 17. Then reverse.
To me, I’m still playing this as discouragement. Range of $65 to $70 on TNA, $17 to $18.50 on TZA, narrowing throughout each play.
FB making a nice wedge.
Jeff;
Bidu was a great pick! Got in at .66… Didn’t see the alert until late. Nice!