This morning I made an effort to book some gains, to pay down and book a few losses, and scratched out of a position to get smaller quickly. The comments out of the Fed today are very odd, and very timely considering what we’ve discussed during After Hours with Option Addict.
“This genre of stock is very vulnerable right now.” All stocks following sentiment cycle, WHICH HAPPEN TO INCLUDE SOCIAL MEDIA, BIOTECH, and SMALL CAPS, are vulnerable to fast moves here. How you view this message will help you immensely in the coming weeks.
To this point, I see only a handful of growth stocks (Yellen candidates) at the lower end of their multi-day ranges. All of them being supported and defended. Forget the broad market for a minute. Should they lose their ground, start to worry.
OA
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Including FSLR ( should worry ) ? Looks very weak.
Sold my weeklies expiring next week.
I hate answering this question on a daily basis.
Stock down twenty cents. Super weak. Run for dem hills.
I meant weak because down from last top 72ish to now 63ish, then sitting the edge of trend line, looks like breaking down.
Which is good. We sold our last calls up there, and bought new ones down here. Best way to play trends.
Buy low. Sell high.
So is this like a Star Trek Jean Luc Picard “the line is HERE! and no further!” type of moment?
PCLN looks good to me still, which must mean it is about to plummet.
Yeah whatever I have conviction in plummets usually.
YGE and KNDI look strong.