Right here right now, the $NYMO is at -72. A reading of -80 or greater has been a lay-up as a buy signal. While you may not be looking to buy dips at this juncture, just know that strength is on the horizon to make adjustments to your positioning.
Joined Aug 2, 2009
1,847 Blog Posts
$BIDU holding up relatively well
$BIDU green!
This seems to be broad based and not targeting a particular sector – not too many names on my radar are down >3% – curious
Don’t know whether this is a sign of things to come, but I’m red in all my positions except my small cap biotech (SGEN and ACOR). Odd divergence in my view if this holds.
Chart of RUSS looks a lot like JDST before the latest ramp.
Looks like you are dialed into the pulse of the market again….
Just an FYI, this was not meant as snark – market bounced right after he posted this….re-read and it sounded bad
pavlov’s dog
APPL is in a fast zone between 120 – 125.5 and trying to hold 125.5 – this is a thin volume zone that could be interesting to watch today. I bought some puts in case this decides to traverse this pocket.
Added to $TWI. Watching $MS and possibly $NDLS, $LOCO, or $BLMN. Weary of the fact that i like too many restaurants.
Is it true that you ordered “his and her” Apple Audition watches for Mrs. OA and yourself ?
legend has it that the water which traps you under your bridge goes down when stocks go down letting you leave and roam a little
is it true?
Yes , the “long” frogs surface and we gig them .
http://www.bing.com/videos/search?q=show+video+of+frogs+getting+gigged&FORM=VIRE3#view=detail&mid=CF91C8A287356ADE239DCF91C8A287356ADE239D
great fun !!!
say that to my face dude ill fuck u up
OA , what are you doing to these people ; an awful lot of violent post ?
I seem to offend most as of late.
what are you eyeing as a high probability trade, OA? Am looking at FEYE and SYMC
BIDU, FB, WDAY.
Great, thanks OA.
I was just looking at $FEYE and $SYMC as well.
ACAD is single handedly keeping me in the black today but man i wish i had gone with SDS calls instead of UVXY.
Love days like this.. can tell which stocks have true strength and which are posers.
oversold…RUT divergence…big reversal in biotech…I wish I had more cash to put to work. Looking for a YOLO or two to get in front the bounce
#timestamp
I hope china rips off faces. I am not letting my weibo jumei or wuba Apr calls go.
Jeff – What are you seeing in BIDU? Love the company but seems like a tough play with BABA / BITA / QIHU and a bunch of others getting trashed. Thanks.
$BIDU looks nothing like the others you mention…and its green today.
I hear ya. Just wondering what it is you see. Do you think the others makes this trade harder?
Ihaven’t observed any correlation between them. Have you?
On longer term time frames yeah I think so. They all started running around mid year 2013.
Hey Jeff – I always look back at that JDST chart. I mentioned it earlier but doesn’t RUSS look a lot like JDST from like 2 days ago?
Yes,it does.
Jon V, I wish you said something yesterday, I sold my $RUSS around noon Monday, today I would have made way more (3 to 1 more). One day early on the sale,
Ugh man. Sorry to hear that. If it follows suit with JDST you could see it go to at least $24
Thanks Jon, maybe on a pullback.
I will buy the dip on Thursday. My list is ready : )
What’s on your list?
Margin calls going out?
I know it’s viewed as a tulip bulb bubble and a crazy person idea but have you ever thought about Bitcoin as an investment? What about if the GBTC ETF when it launches? I bought around $200 in January and its about to break $300 now. If for nothing else it trades 24 hours a day 7 days a week.
I would sell immediately. But then again, I have always been skeptical of the internets
OA – what did the $NYMO close at? thx
-62, off of -72 at the open.
interesting. thought it wouldv’e broken -80 with the end of day market plunge.
More balanced day according to breadth.
My shopping list is all about adding to my existing investment port. Nothing for quick trade. Thursday week before OP expire day is my mantra every month. I heard someone said years ago. And many times it’s true. Did you buy FB ?
“Money-Capital has a life of its own.Its a force of nature like gravity and the oceans.It flows where it wants to flow.”
BABA anyone notice the green on it today? very noteworthy to me
SGEN another
HABT – who in the hell thinks they have a chance against MCD?
Yeah McDonald’s is not going anywhere. Too powerful of a brand.
The market drops like 3-4% in a few days and everyone is in full blown panic mode. Lulz. Gap up that gets bought, that’s what’s happening tomorrow.
I’ve already read 4 “this is a major top” “expect a massive drop” “the market could crash soon” articles today without even looking for them.
Does this look like a top? I mean lol. http://i.imgur.com/fiddHXv.png
Did the old 80 to 120 run. Is that now a huge volume pocket below 110?
Why yes it is, on the weekly. After spending more than a year between $110-120 it will take a gargantuan effort by bears to get us down there.
Definitely does not look like a top, but I can see us getting down to 116 and then staging a rally from there – the churn from 2014 should serve us well here I am still cautious here
OA – how do you feel about OCN as a quickie earnings play??
No insight to ER, but like the look of the chart.
Jeff any idea on how big a move they are pricing in for LOCO earnings?
Looks like about 5%
Time to buy?
Yoku ER tomorrow. Could be good RR.
Damn man. Nasty move in some of these Chinese burritos. Anyone buying BIDU or BITA here?
I tried the RUSS and am in the process of getting squashed.
Jon, last week there was more vol in the two names but when $RSX goes up $RUSS goes down. I switched a few times on each using one to confirm the other.
They’re inversely correlated so yeah. I ended up selling for a loss at $14ish. Oh well.
Still own all my deep ITM April calls from much lower prices in jmei web wuba. march calls in yoku and baba. Way under.
I am 0/3 in bidu.
Went in yolos aapl
Yesterday sold a few of my Apr June calls in ACAD.Now playing with house money.Now waiting for what all the hubub was about.Still up to my neck in biotech,
OA, can you kick $FCEL in the ass for me? I need $1.53 and then $1.75. (We both know I won’t wait for the second target and it will probably happen the day after I sell.
Anything that needs to have its ass kicked, I am here for you.
Closed out my $BNS March puts +200%. Will look to get back in on strength in the name or potentially one of the other Canadian Banks.
$AMZN – looks like ti wants to roll over, but it is holding support – if this dips below 368, it may be a snap-back type trade worth a few handles – something to look at for a yolo – price action has been constructive
Yolo’d KPTI Mar 30’s at .35 this AM Chart now back to balance.Also have May 30’s
Caveat. earnings and update on Mon.
OA- I just came across an old watch list item from a couple months back. $RDN looking coiled with clear sailing above.
Time to get back long into miners??