Breadth is not of this world this morning. The average $TICK reading up to this point in the day is -500. You’d have to go back to 08 to find anything similar to this.
All for a 1% decline.
Going into next week, the response to this is what matters most. Either your sideline community that has been waiting for a dip responds and buys, or else this now becomes another failed high, and volatility circles back into the market.
Bulls are on the clock here, and I doubt they do anything here today.
Top Pick: BIDU
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OA takes the lead for the first time in what looks like it maybe a epic come from behind victory in round 1: https://docs.google.com/spreadsheet/pub?key=0As7bw_6oz7iJcGdPNGdSMTJUSENsOS0tR01OTkNuZkE&single=true&gid=41&output=html
Just brutal. Come on $LBIO!
I bet this is settled over a penny.
Godspeed.
Glad I sold my TBT two days ago… Phew… that was a close one to getting another 6%
Most savvy market veterans new that the jobs report was a no win scenario and therefore the damage is well confined to the youngsters . Holding on to the SPY puts and JDST .
Wait until Monday and we get the global “EL CLEENA ” out move .
Get a quick 10~12 % healthy move down and then we can resume .
Stock market ; not a market of stocks ???
Those poots were savvy at its finest.
VDSI…down another 2.75% 🙂 🙂 🙂
Have a great weekend, guys.
I used to be in the bear camp and loved down days because I made easy money on TVIX and TZA. Today market down 255. TVIX up .11 TZA up .37. Now there’s no bear left in me. The market may gap down on Monday, but I’m confident it will get bought by EOD.
…perfect. Thanks 🙂
OA thought on BLOX and SCTY today or wait to see how this shakes out? Haven’t bought either yet.
I own calls on these.
VDSI’s “purdy” chart for those with the shaved ‘nads to short it on the high volume 50ema breakdown on Monday in a “bull” market:
http://scharts.co/1CI8iSO
Time to go out and get some vitamin E…feels like spring! 🙂
this post to mark a bottom in VDSI…good luck schmuck
Sorry champ. Woj already tried that line when VDSI was 6% higher earlier this week…but thanks for playing 🙂
there she goes — 22.9 + by the close
Watch for Friday afternoon fuckery — an afternoon rally is at hand
If you are a bull you should welcome this. Probably a few more days of weakness early next week and hopefully put in a nice hammer mid-week and then proceed to 2,150+ through the end of march.
Bear raid is over….start buying. Top idea:
CRM
FB
GPRO
MU
REGN
SCTY
SPLK
WDAY
Am I wrong for liking LVS on this dip?
aren’t casinos early cycle stocks?
Good spot. MGM seems better tho.
I’m not about to go all CNBC on you and to act like European equities are being sold today *because* of the strong US jobs report or move in the dollar, but doesn’t it seem like there “should” be some upward pressure in European equities? If rate hikes and/or fears of the same hit US equities and fixed income, why shouldn’t money flow to Europe, which just said it’s going to go at least half or 3/4 retard on QE at least until September 2016?
Bought some BIDU monthlies yesterday as well, holding up so far today, looking for 220’s
I love EXXI here…