If you break this range down in the indices to volume by price we’re basically holding point of control, which is a good reference point to use as a line in the sand.
I mentioned on my last post being a buyer of weakness, so I’ll take on some risk here with a tight leash. My favorites are FEYE, P, ROSE…maybe HABT. Thinking I might take a small call position with BABA into ER with the AAPL proceeds.
I’m waiting til we get closer to end of day to place a few orders, and will let you know what I pick up. BTW, today is my last day out of the office, so I will be back and catch up with you guys tomorrow.
OA
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good day, sir. hope all is well.
Nice AAPL trade, yo.
Just made mega mega bucks being long in BA while you guys have resorted to rolling the er dice – baba – to make money. Makes me laugh how bad you all are just a bunch of goddam stoopid fools. Protect yo neck son!!!!!!
You should go back and read your comments and then evaluate your life. Seriously. Do you notice you are the only person on here who just wants to be a dickhead? Why act like that? You are really short, have a small penis, no money, no friends, all of the above? What is it? You obviously flex your muscles via the internet because you have some real life issues. Everyone here laughs at you, just fyi. Try being more cordial in life, you might get further.
if you made “mega bucks” being long BA…then it was done via earnings gamble, son.
the chart does not lie.
Dude, shut the fuck up. Why not just post ideas? Last warning.
Too many chances already, OA. Have Fly ban him. I remember being a tough guy on online chat / message boards too… when I was fucking 5 years old.
hey OA, how mad do you think he will be when he realizes that the “mega bucks” ER play was NFLX, and that was a good one. kids…. shesh.
I realize that you are just letting him embarrass himself, but now that Fly is back to wiship, it would be nice to see him swoop in with some serious smiting. It’s past old at this point. I have seen trolls convert to normal contributors over the years, but I think this guy is past hope. (PS. I actually don’t think $GOGO is a terrible short, but I try to be constructive and not a dick about everything. And even though I think it’s not a bad short I made money on it on the last upswing)
Bought HABT on the open and immediately felt wrong about it. Pfff stupid trigger finger.
KING easy to manage here.
$KING have to agree nice set up easy to manage
hmm – patience does not seem to be what the market wanted
Fist move sharply down, second move slowly up – third move?
The rectal ramp
Funny! that should be the name of one of your charts soon…
Here’s an idea – ASM Avino Mines – Junior Silver producer with great AISCC and growth prospects. Of course you need to be a silver bull to see the attraction, but regardless of the metal’s price ASM will outperform its peers methinks due to assets/management/valuation.
Nice looking chart on both daily and weekly. I could see taking a shot here and again at 1.25ish. Thanks.
OA, if I have to pick and add one for investment account, which would you pick BABA or AAPL ? Thanks.
AAPL too rich, rather try BABA
stopped out of UWTI..bought HABT and moar FEYE
loaded up on fb PUTS
nice knowing you guys
Curious as to why FB? They are one of the few names to show consistent strength lately AND have been beating expectations on earnings. I am all for the bear thesis on the market, but there seems to be better short ideas out there than the FB earnings – just looking for some color on this play
I’ll tell you after if I’m right
Not thrilled with PCLN today, but is holding above the week’s low and consolidating around 1010 – not sure if I am going to get a 4% move out of it before Friday, though
this range is increasingly looking like it resolves itself to the downside to me. I really miss owning the TLT but have the YEN which could pop.
The TLT move today was strong, glad I got out of TMV on Monday
Bet we see a really active overnight session tonight in the futures.
If we close on the lows the overnight session will be insane.
The above poster was an imposter..looks like anyone can use my moniker. My only position right now as of Monday is short GOGO at average price of $15.39. I clearly stated on Monday why I was going in for round #2 as it tagged its 50 EMA (and was promptly rejected). Now I am just enjoying the win ship of said trade. Hope that’s clear!!
LOL what BS
Don’t worry about me. Keep BUYING, champ!! LOL
Agree market headed lower…banks acting weak
$BABA lotto ticket. $102’s. Channeling my inner Costanza as this seems pretty firmly the opposite of what the market wants.
Chiefton 150 SMA at 199.66 is holding I’d be shocked if we break through and head for the 200 at 197
Ruh Roh! Shaggy!
C’mon iBC, the only idea is to revenge trade FEYE and buy burgers?
I gave you short oil at 85bbl and long silver.
Give me an actionable idea here, think inside of the box.
Hey Master SGT,
I gave round #2 GOGO short here on Monday as it bounced and backtested its 50 EMA…even posted another “purdy” chart to go with it. There was very little risk with a HIGH probability of BANKING MORE COIN!! The only thing you saw here in response was “What do we BUY LONG”?? Conditioned dip buyers…every last one of them except Blue Star. The people here make up the frothy levels we see in sentiment…love it.
GOGOing down 🙂 Huge win today.
5k short at 14.97 and 10k at 15.42 does not get you 15.39 cost basis. So sorry, thanks for playing.
Seriously. Headliners on this site have spent the better part of a year revenge trading the bullshit companies that cut their balls off last spring.
EPIC day for GOGO!! Round #2 just might be sweeter than Round #1 🙂
Thank you OA !
S&P is right at the bottom end of the Great Market Wedge of 2014-2015. 40-50 ES points very possible here to get back to the upper end. Hopefully I’ll be rolling some BABA winnings into SPY calls in the morning.
It’s amazing that many very good traders I follow are equally bearish or bullish and equally convinced that the next move will be huge. All I know is that I’m truly fucked (extra Braveheart).
Earnings Whisperer (a/k/a matt_bear) I’m staring at $BZH. What say ye? A move just up to volume resistance of about $18.40 could give 100% on Feb $16’s, if we can trust yahoo’s option chain. And I think there’s a shot above that if you completely ignore the volume profile.
I’m starting to think it’s time to go long, if only for a quick rip. Why? The troll index is once again nearing record levels. The most reliable buy signal out there.
We’re heading into a pretty strong period of seasonality for all major U.S. indices. The change from Jan to Feb has generally produced a pretty decent boner in the market. http://charts.equityclock.com/seasonal_charts/indexes/%5ENYA.PNG
very surprised how quiet the futures are. after the move in volatility we have to be in for some big ranges. I’m not sure where the news will come from but something is brewing.
Futures are starting to go wonky – looks like you are right on the volatility
I thought we would get way more movement overnight but I’m sure we are in for a wild day. Everything is set up and this range is about to snap. ( feels redundant to keep saying it though)
If it were that easy, we wouldn’t still be grinding
there goes KORS. dammit i missed that one.
Surprised $BABA didn’t make up better numbers.
An observation.I think some members of this site suffer from a bad case of recency bias.It has killed me often times and now I try to find stocks trading off the radar.see BABA. Are you gonna try and make up your losses averaging in? The new me says no.(no BABA position) The reason I bought MTW is Icahn is in it.Earnings today.God help me haha.
today’s the day.
Market looks terrible. I’m a seller of QQQ here for the day.
chop chop chop
bot UVXY for a day trade around 30.10
also taking a shot at BIS – in at 41.02
have stops on both in case I am wrong.
top short ideas YY QIHU KNDI No position yet but it’s the first place I’m going.
I like the looks of GPRO as a short. Out before earnings of course.
BZH KBH bottoming here? I am in April calls. Now I don’t have to watch them like a hawk.
i bought leap calls on BZH (jan 2016 $20’s). I’ve been eyeing KBH as well.
Leaps are very relaxing eh? Often thought of buying them so i can turn off the frigging computer.I think they are a great way to buy large cap proven Biotech. CELG GILD etc. or just buy one of the most beautiful charts out there FBT
if a homebuilder does indeed happen, there is so much money on the table that leaps will be extremely profitable. don’t have to stress about nailing the spikes. so yes, it is relaxing. lol i might buy some BZH short dated calls for earnings though.
Boomerang buyers, maybe?
Lost all their stuff in 07/08, but Equifax now says that after 7 years of working as a greeter at Wal-Mart, they are once again worthy of taking on a $300k mortgage.
Matt – how are you managing those BABA leaps? Just letting them ride? No position here, but that volume shelf where it stopped, today, looks like an interesting spot to me.
i legged in, so i’m going to be adding very soon.
this action reminds me of AAPL last year. had a wedge going, had a big earnings break down (1/27/14 weekly candle) then slow chopped it back up before taking off in april.
I really want to see this work for you. May join, but just watching for now.
Macro issue – Israel/Hezbollah
3yr /TF – we’re now at the point of control. Oscillator isn’t giving much of a clue, either. http://i.imgur.com/u6ihhIJ.jpg
I’ve been sitting out for awhile but I’m grabbing some longer dated F calls and TWTR calls to try to get on base. Let’s get something going again.
Also wondering in the back of my mind if breakdowns in V and GMCR should be bought, or if the buy the breakdown strategy is no longer a good idea?
I find it interesting that no ones posting any shorts?
amazon puts for me.
long TVIX from Tuesday
Chief – I’m going with the official oversold print on /GC a couple days back. In the JDST atm … http://i.imgur.com/tpqPAqh.jpg
ABX puts expire tomorrow, CTRP puts expire next week.
I posted my BIS trade above – I went in on JDST three days ago and got smoked – staying away from metals at the moment
Ah good to see some short trades out there. It feels like an environment you at least should have some protection. Also JP was excluded from this comment as his are fakey’s.
LOL…can’t handle that I’ve been CRUSHING it with GOGO while you chumps keep trying to buy the likes of BABA in to oblivion. Idiot 🙂
I am having a good hard look at $LL. There’s a LOT of room below the current consolidation if it breaks that way. I’ve been waiting to see how it responds to $65.
this is a legitimate danger zone for a big leg down
Wow…that’s going out on a limb there, genius! Keep up the great work!
GOLD looks like crap too
semiconductors getting hammered – QCOM looks really bad
WYNN was my short idea from earlier in the week, but I never pulled the trigger would have preferred that to my PCLN calls.
GOGOing down….$$$$$$$$$$$$$$$$$$
GOGO remains…..
My bitch 🙂
-.09!! Score!!
Right?
The last time I saw someone brag about such a lackluster win was back in high school economics class when everyone got to play around with a paper trading account.
GOGO up +.03
MAAAAAD CAAAAA$$$$$$$$$HHHHH
I know its pointless to mention anything good but did you guys see the earnings out of PTRY today? They were absurdly high thanks to low oil. This should translate to higher profits…if the market even cares.
I also finally sold my $FCAU. The market refuses to pay up for F & GM earnings so that keeps the valuation down much lower than I expected even if Ferrari is worth a kings ransom.
Sorry meant to say PTRY earnings should translate to higher profits for TA which I own.
TA looks good, wish I would have seen that a few months ago. Well done
If my estimates are right TA could post $2 EPS this year. 13x = $26.
Buyers are out there and defending this location – looks like more chop
Bought some 530 GOOGL calls here for earnings. wanna make it 3 for 3.
I’m a solid 0-fer so far. What a crap shoot.
Looks like the market is catching a bid – may make gold bulls hate today even more if it closes below 1260
tightened my stops, but still think this market needs to rally hard into the close to change my sentiment Still cash in my 401k
Ouch. Tough year so far for folks
Out UVXY – stop may have been too tight, but oh well…..it happens.
Grabbed some YRCW. I made a boatload in that in 2013. Going back to the well. Down 30% this year on the back of cratering oil. Makes sense (insert eye roll)
Hey JP, what are your other positions right now besides short GOGO?
He posted about a great trade he made in $BA the day after earnings. I’m sure it was also at least 10k-20k shares.
I am making a killllllllrrr trade today $$$$$$$. but I won’t tell you what until tomorrow tho and then I will laff in yo bitch ass facezzz. lol
So now no one is saying anything – extremely tough tape
Paralyzing.
OA love to hear where this crazy daily action would be on the old sentiment chart – I can almost see it being the area just past where you marked “Returning confidence” tha’s about my only guess
anyone takling a shot at $box
Hope you guys caught some of this TSLA. Nice little run so far on the day.
How could I – my eyes are glued to every tick of the GOGO chart ROFL – the most exciting chart in the history of mankind $$$$$$$$$$$$$$$$$ bitchez lol