iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

CHART OF THE DAY: $SOCL

$SOCL has the same chart pattern that $FDN did back in late January when we started using it as a metric to measure the growth trade.

http://ibankcoin.com/option_addict/2015/01/22/the-chart-that-will-define-2015/

Take a look at $SOCL, and notice it has the same look as $FDN did back in January.

Keep an eye on this, and the volume that came in today.

SOCL

 

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22 comments

  1. AriBaba

    are you suggesting this as an options play? Very little liquidity.

    Or are you considering this a signal to get long certain members of the sector?

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  2. mateo

    You outa tweet that.

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  3. Hawaiifive0

    OA,
    If we got out of TWTR near the top, is it ok to get back in here or should we wait a bit more.

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  4. mackypinky

    small cap software stocks are ripping.
    http://stockcharts.com/freecharts/sectorsummary.html?G=SECTOR_DJUSSW#&S=RD&O=0&B=PD

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  5. MSGT HARTMAN

    35 OIL BEOTCHES…

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    • bchu

      hope not

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      • MSGT HARTMAN

        We’re pumping so much oil out here it’s crazy. 35 is just right. We’re way overdue for a major bone crushing collapse of the mom and pop wells…

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  6. Hawaiifive0

    Enjoying my VSLR today.

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  7. Formergeek

    Boy that genius really nailed the timing on staying short VDSI…….not
    What a surprise

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  8. k_melancon

    Volume in BABA in the first hour is roughly the 3 month average – definitely people selling, but there is a buyer(s) out there – wonder if their capacity to cover the volume is going to wane…..today looks like it may not go well if that is the case

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  9. biffer

    Took a flyer on CCK when it was near 50. Apr 55’s. DEPO on my radar on a pullback.And love GBX TRN. Meanwhile watching my herd of biotechs.Some popping some dropping.

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  10. Thomas Jefferson
    Thomas Jefferson

    Did anyone grab the morning flush in $CMI? I have an order in but got to my desk late so I missed that first move down.

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  11. matt_bear

    that picture is hilarious. i imagine that’s what full time futures traders look like. LOL

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