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OA
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OA, you the real MVP.
Have a good weekend, boss.
Off to Munich for beer with the in laws but when I get back, VEGAS!
Jeff – issues with Friday recording?
Thanks.
Never mind…..couldn’t see it right in front of me…..long week.
Stumbled onto this gem of a bear calling for armageddon in 2011. This is just shameful. I wasn’t trading in 2011, so I didn’t understand how over-the-top the bears were then. https://www.youtube.com/watch?v=pRHCYu4tafw
What a douchebag that guy was. “The market is finished.” Gah.
OA,
I watched both videos and learned a lot. I really appreciated the teaching and will probably join by the end of year. Regarding your watchlist and the use of options, how far out do you usually go? Oct or Nov., etc.?
I prefer to stay short dated. Front month up until you get to that point where there is only 2 weeks left til expiration.
Thanks!
What do you mean you by front month up? Could you give an example please? OA, the appreciative sentiment is echoed. I learned a ton over the past two sessions, and will be looking to join AH in the next week or two.
I thought it was pretty self explanatory…
“I prefer to stay short dated. Front month up until you get to that point where there is only 2 weeks left til expiration.”
For example, this would be October options up until there is two weeks left til they expire. Then I’d start looking at the next month.
Stocktwits is 61% bearish on the IWM. The bottom must be in.
Yes it must.
wow, bloody, what to do now?
Russell 2000 and small caps will be outperforming- the switch started last Thurs.
What are your choices here?
We can sit here, and get the shit kicked out of us, OR we can Fight. Our Way. Back. (Extra Al Pacino)
bought some index calls, but bounce is weak so far.
You’d be better off playing something that will outperform the index.
sometimes, it’s just hard to choose, and afraid to get the wrong stocks…
Well, that’s 100% what I do here.
bot WMT Novembers. Those babies are cheap.
This may be the first time I’ve ever seen someone want to leverage WalMart.
LOL!!!!!
I made $ on KR!
No way. Enough to brag about?
was expecting a lot more carnage based on the futures.
OA
Do you like $BID here?
I bought MBLY at the open. My fave thus far.
today was the gap down/green finish you were looking for thursday. you were a wave early.
OA, thanks for the response above, makes sense now.
There’s some solid risk divergence going on. Russell on much nicer up trend than overall market.
How does ARWR look here? IBB is green again
Stellar.
OA,
What does the Mkt Profile look like for ZU between 41 and 44?
The stock traded in that same range late last year. Probably not as good as you might have thought.
Jeff , admire your work. If not for the other two groups I am with now, would jump on board. Will continue to audit from the Pelican side. Rolled my ZU calls to October 38’s- your thoughts, thx
I initially had $42 as my target when I first initiated this trade. Hit that today.
so do you exit and lock in profits once you get to your target?
That’s the idea. Otherwise, where do you ever know where to sell?
OA- do you see a nice volume pocket until 55 for ZU? I am a long term holder for this. Do you see the same? Let me know when you get a chance. Thanks.
Here? No. What time frame are you using?
1 yr on stockcharts
1 year is never enough data. I use 5 as a default, occasionally go out to 10 yr.
gotcha. 5yrs profile still shows a volume pocket until 55. Do you see ZU breaking that 40 resistance?
We need to cover this again. There is a ton of volume activity up to $42.
Also the term pocket here doesn’t apply. Just thinner structure overhead.