A hot topic here recently has been the growth names and how to handle said stocks trading significantly off their 2014 highs going into next year. We even had a friendly wager going on in the chat on how these stocks would perform into year end, specifically by last Friday.
While the daily charts are still an acquired taste, take into consideration the weekly chart set-ups that I blogged about not long ago.
FB is a good indicator for this idea, which hit 52 week highs today. So long as FB is leading the way, I’d take it upon yourself to nibble into weakness on a handful of names. If I’m right about this, you’ll be quickly rewarded for your efforts.
This should set the stage for a “fat pitch” as we call it. If the dips remain shallow, the rallies will be fast.
OA
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OA, thoughts on DDD?
I’d like to see the risk stocks strengthen first. This one is a little further down the chain of quality.
$FB going to do the hundo roll in 2015 #prediction
Some of these solar stocks are ever so close. Love the FSLR and SPWR wedge, SUNE is hanging around near its volume pocket, and SCTY is getting quiet. Thoughts on what pops first?
OA – I had a crazy morning at work, and didn’t even stand a chance of catching VSAR. It would make my day if you did. At the very least, it’s fun to see the volume pocket principle in action…
Such an awesome heads up and overall call. You’ll be disappointed, but I missed it. Fighting the nastiest bug over here…slow to get out of bed this morning.
We’ll find one that we can get in on before the big run. Hope you start feeling better. Ive been on my anti-ebola regiment since late September, and so far have avoided the winter infections… (fingers crossed)
The kids man, gotta home school them this time of year, or send them in hazmat suits. This sux.
OA, thoughts on NFLX calls expiring this week?
Looks good.
OA if it makes a diff we have been homeschooling our youngest and the number of bugs and days lost was no different than previous years while he was in school.
Get well soon!
Thanks man, appreciate it.
OAA, thoughts on biotech here? seems to be getting smashed today but you think this just some profit taking? you the the run still has gas heading into 2015?
OA i meant. My bad
No thoughts. Still in a trend.
TWTR getting squeezy…finally. Rumor that CEO may step down.
that would skyrocket the stock, me thinks
Bear Clause ? That’s why I got in FB at less risk, not at the level you recommended. My was Long Jan 77.5 Calls. Got in at 2.04 and out today at 4.93. Yes FB should go up more. But the downward risk there.
Claus.
Less risk? What does that mean? A different strike?
OA, are you interested in GILD here to pick up ? I have some in my investment port, and thinking to pick up more. Thanks.
Nah, Hard to invest at these prices.
Thanks. I will wait to see then.
Hello OA,
Any opinion on GOGO this morning? TY
I like GOGO. Was hoping for lower prices, but the chart is solid overall.
You saying there’s a little bear trap forthcoming in some growth names Jeff?
Feel your pain with sickness. Just ran thru my house.
Those weekly charts are compelling.
/CL looks like a great spot for a long. Which ticker would you take for a long on oil? Any ideas.
USO, UCO, USL, UWTI
Jeff same with mine bro; I can’t send my kids to public school in Florida. Home school or Private is the only way