Financial media, which has your best interests at heart, is telling you to avoid this next move. Janet Yellen, is calling into question valuations so that you can avoid being trapped in a bubble that can only burst from here. The basement of iBC headquarters is filled with cages of trapped angry investors, who would give their blank avatar to short every last share in this market, and who know without a doubt that this bull is tired, and is ready to die.
There is an important market set-up that we’ve been discussing here; one that is further playing out today. Let growth stocks be your guide.
I bought back into TNA here, as it prepares to unleash hell.
Get busy buying.
OA
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TNA is a murder hole.
You said that on Thursday, before you got a mouth full. Strongest move in the Russell all year, the MOMENT you spoke up.
I love having you back here.
http://online.barrons.com/news/articles/SB50001424053111904255004580029373362332594?mod=BOL_twm_col
It was a shitty article the first time you posted it. DO you deliver papers for Barrons?
LOL.
Long VEEV & GOGO
the KING has spoken today. all hail.
I can be a friend to you.
KING gets above 20,85, 21.45 is next stop. Not sure if I should hold my Aug 20s or sell half and buy back later. looking at chart, think it goes to 22.5 at least before expiry.
I’m up 1% on this down day. How can this be!? Thanks Red…er Jeff.
Dear Lord look at that KING go!
I coincidentally got TNA too.
You gotta start posting these in real time.
he did with KING. posted at 9:39am this morning that he bought them. according to the volume on the aug 21 chart he bought 2 of them.
Any suggestions for call options on TNA?
Calls of August, at the seventy fifth striking price.
Ah yes the calls of life!
yeah, sell deep in the money calls
I am going to crush your skull.
The crushing of perishment.
KING has a tendency to run away from my bid.
Bought TNA on Thursday after AHWOA trade, didn’t sell when Jeff did partially because I was lazy… and bought some more today.
also – picked up more YNDX. Still sitting on KNDI, SINA and DDD. MIssed King… something about the name and picture posted… I am a Big Mac guy.
Blasphemy.
Jeff Good Sir, Happy Monday. Was wondering if you still enjoyed the look of the DDD and GRPN charts. I have some August calls in those names and they are sitting around even, boring me to death. Was thinking of dumping them and picking up the TNA Augusts at the 75th Striked Priced.
DDD looks interesting here. GRPN location is decent.+
Lots of stuff working well in a down day or not collapsing. PLUG,KING,SINA,WUBA,DANG,FENG,QIHU,P,FEYE,TSLA,WDAY,LNKD,WYNN,YELP,NOW,DL,BLDP,etc…
in other words the OA group stuff.
Even ANGI rejecting the idea of being priced under $10.
very telling indeed.
A lot of stuff that wasn’t on the radar before is now weakening to the point where it looks interesting.
RPTP,ANGI,TOL/KBH.
OA, like any of these shorts for a hedge?
fang,rdnt,achn,amkr,sqnm,syna
I’d short a broker here, based on the trend in rates.
buy NQ 3919.5
I’m short blank avatars… #timestomp
I’m long going to Vegas for vacation this weekend and eating my weight in buffet dinners.
Where you staying? I’m in Vegas again Thursday – Tuesday.
how often do you go to vegas dude? I’ve never been 🙁
Seems like every couple weeks this summer.
Jeff, I am at Hard Rock Thurs – Sunday.
But what I meant was I will be at a Blackjack table near you! Obviously I am a degenerate gambler. I’d like to meet up if you have a few mins!
OA, I’m still holding PLUG. Is $6 a realistic target for Aug expiry, or should I take the quick 2day gain and look elsewhere?
sold.
Good sell…I wasn’t sure on this one..
Gold is coiling here…
You wouldn’t wait for Gold lower?
divergence between gold and the miners – someone is lying.
Gold moves $250 points directionally from a break of this range. Those miners took on a nasty, nasty reversal over a week ago. I think that’s all you need to know, personally.
NUGT weekly calls are pricing in much higher prices later this week
That’s dumb money buying calls here on the wrong side of trade.
Perhaps. But Gold’s most bullish seasonality starts in August
“That’s what He said”..
😉 ))
Charts tell me gold goes lower near-term but Keith McCullough is bullish on it and that team is usually pretty good on macro themes. Perhaps it’s an enter lower and hold through end of year swing trade?
Going with closer to the money options than what I’ve been doing since I started trading options at the beginning of the year, with fewer positions. Target prices were way too aggressive during wall of worry, and took on too many positions to manage. Gauging to see how I handle this round.
So smart to make adjustments
hear ye. The city of solar hath risen.
it has risen indeed
Our 1/2 NQ +14.5 holding the rest for the face ripper!
Nice entry on this one cheif
thanks, it was nicely coiled up on the 5min.
attempting to scoop up some August CRM calls here.
Its revisiting the balance of the last consolidation. and based on volume profile it should be a good location for a bounce.
$Z to begin publishing US real estate database in Mandarin on the biggest real estate site in China:
http://www.washingtonpost.com/posteverything/wp/2014/07/15/the-chinese-are-coming-and-theyd-like-to-buy-your-house/
“Who would give their blank avatar” lol!
Was holding the PLUG July 5c. Arggghhh.
Spidey senses… tingling…
Must… not… sell… all… longs…
DO IT!
spidey senses are from the avatar pic dude.
+1
Haha so much hate for my av on this board. 🙁
Somehow this avitar reminds me of a male Mona Lisa…
bahahahahaha
this is the hardest i’ve cracked up reading a comment here. gold star for fifty2weekhi
Bruce, I found your soulmate!
http://yababoon.com/2013/11/22/modern-mona-lisa/
haha, nothing personal, it is just too funny!
The good news is, you look more like the younger male Mona Lisa than the older one…. So you got that going for you. 🙂
http://www.dailymail.co.uk/sciencetech/article-2209433/So-real-Mona-Lisa-Smile-Truth-Leonardos-younger-happier-version-painting-revealed-today.html
Seriously..
bruce keller, that’s just not right, this makes me feel content on not having an avatar..
truth..
For Crise sake..
thanks for stepping up(w/honesty), fifty2weekhi..
Sold TNA Friday. BOT again this morning with Russell at the low. I’m starting to think like the boss.
Gold/Silver rising to HOD and TNA is tanking while SPY is near HOD
and right on cue – NUGT gets a boner
That was your neighbor buying a share because he is boolish of Gold. Read it in last weeks newspaper.
lol
I feel like PCLN is going to pop here. Any thoughts??
I’ve been thinking that going on two weeks now.
you use John Carter’s THE SQUEEZE indicator at all?
He and I share a large number of members.
And no, I don’t.
you guys share large members? too easy, jeff. too easy.
Shit, that was a layup.
I just bought Puts inHerbalDEATH. I know it’s already down 9 or so percent but with Ackman all over it he’ll prob crush this thing.
TNA is long HLF
sold PLUG calls +100%. A nice day overall, just need a nice squeeze into the close and that will top it off.
NUGT has a date with low/mid 50’s this week
NFLX reporting after close for anyone that may be holding it.
bought August 6’s in WLT and
JD August 30’s
Puts on Elton John’s “Goodbye Yellow Brick Road…
It will be much cheaper to pave the roads for my kids with your yellow metal position.
shakes head at lack of understanding monetary policy…
That understanding got me long in 06, and out in 10.
time to get long again
OA, you think you will be able to call the turn, if and when mkt sells off?
I did last time. I have a years worth of podcasts all through 2007, warning to get out of stocks, into gold, and to short the shit out of banks, lenders, and builders. All. Year.
time to buy Uranium too
thank you sir. been following you and look forward to your insight when that time comes.
cheers
There will be many cross currents and divergences when it happens. They are easier to predict than people realize.
OA
Thoughts on MU?
Too rich up here.
apparently ff is short for Fuck face
gonna hold the other 1/2 of NQ overnight with a stop at break even. 3919.5.
had a gynormous in TNA. Now lets get ready to rumble please. expecting it to make its move this week.
i either eat spam or steak for the remainder of the year
Bchu appears! Time for a solar rally! Please let it be fslr.
Out all NQ +20. Rinse and repeat.
AMZN could get to 335 or so if my trend channel isn’t crap but I guess it doesn’t have to plummet to the bottom of the channel instantly.
Bruce, what platform do you use for technical analysis? i.e., where you can draw trend lines, brings up the MA lines, etc.
Equityfeed, stockcharts, and TC2000. I’m only using Equityfeed as a trial. Stockcharts because I can’t use TC2000 at work. 🙁
which one is the cheapest? How much does TC2000 cost?
15 for stock charts 30 for tc2k
Good to see the avatar hate didn’t scare you away, glad to see you’re still here Bruce!
it appears the BCHU SOLAR RALLY is working.
Amazing how fast sentiment can change – from “the market is overvalued and sucks” to “nothing can stop this bull” in less than 4 trading days
I’m 100% short.
Charlie, you are all in short here?
GDI Missed out on those NFLX puts. :\
nflx puts and calls both down
ROFL