In our After Hours with Option Addict sessions, I’ve been trying to explain how growth stocks are all interconnected in terms of market sentiment. We’ve categorized stocks into a 1-5 rating system and illustrated how quality stocks like INTC, MSFT, IBM have been rallying though all this market activity. We looked at momentum stocks (2’s) like BIDU, AAPL, AMZN and how well they’ve traded lately. Then we dialed into growth stocks (3’s) and looked at dozens of non correlated stocks, like DANG, FEYE, TWTR, TRLA, CSIQ….and showed how the charts are identical, despite the fact that the companies, fundamentals, and valuations are not.
I’ve been saying for weeks that this is a market set-up “specifically for the 3’s.” The same stocks Janet Yellen called into question. As of this moment, these stocks are leading the market here, leaving their multi-week ranges. Should they go, it will trigger a move from price acceptance, into price discovery mode. Since exposure to these stocks was reduced earlier this year, this could create a chase, which you are all familiar with.
On the day, I booked SCTY calls, took a position in FSLR calls for tomorrow (tarriff ruling). Still want X calls for earnings and GOGO.
OA
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there’s a solar tariff ruling tomorrow?
talking solar. i got $TSL Aug calls. lowest volatility for months.
I have Sept 28 calls in P with marginal gains. Book them before earnings tonight or let it ride?
Gut call.
Too bad my gut has been 100% wrong as of late. Thx.
A gain is a gain then, my friend.
Didn’t sell. They beat. Still sold off. Unreal.
I’m probably buying this at the open tomorrow.
Lol. That makes me feel better. AH shows it’s sitting about where I bought in at.
Should be interesting to see results. Personal experience, they are advertising more, but it hasn’t impacted my listening…(or my ad-based buying…I usually zone out on the advertisements and couldn’t tell you what’s been marketed to me).
bought the AUG 65s in FSLR today…holding previous buy of 67.5’s underwater, for now.
How does that stochastics signal of yours look on $DDD today. Mine looks great on several time frames.
Manageable spot, too. Would buy some calls if I didn’t have some already. Earnings 31st though I believe so maybe brief run into that ahead.
Long ways to go to trigger the signal. It doesn’t need that signal to rally though.
OA and team, pick up some CLNE and thank me later. You’re welcome.
Gold holding above the 1280 pivot
You are gasping for air. Let it fall.
perhaps through Monday’s expiration. blantant manipulation
did you put GDRZF on your radar?
No, only because you accuse me of being a penny stock promoter.
http://www.goldsqueeze.com/technical-analysis
That chart is shit. Seriously. The work of a 10yr old brain.
Jdst can be a friend to you doofus
Added to YOKU long position.
FF – do you have any specific trades you’ve opened this week or even today that you’re willing to share in the open? Just curious, you seem passionate about some stuff, but its hard to evaluate without you saying I bought X at Y price or at this specific time.
if one comes on here touting their ‘trades’ a week before earnings, the threshold should be more than $30 in a FB put! You know who you are too.