When looking at the context of a Fed day reaction like we saw yesterday, its always appropriate to get a little backfill. Specifically, I always take the price of the market prior to the reaction. In this case, the $SPX was 2067. So long as this area is defended and prices are able to accept values above this level, this is bullish.
Most importantly I wanted to see where the markets appetite for risk was. The Russell and Nasdaq are clearly outperforming, and this relative strength suggests better performance in riskier assets. If you look at the stocks rallying the most today, Biotech, software, alt energy, and several high beta names. I was hoping to see more action out of the stocks that lagged the market yesterday, but those I chose to follow have been mixed.
I’m obviously still bullish on stocks here. As we slip back into the grind mode, I’m looking for more dips to buy.
OA
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OA – with all the oil drama, you like the shippers here? VLCCF looks pretty good to me…
Just read that as “You like the STRIPPERS here.”
Obviously I’m checked out for the week. lol
Trent – sounds like your ready for the weekend…
I like the idea, just haven’t been able to line one up yet.
$FRO looks like it might be waking up. I’d like $TNK on a pullback around 5.50
Best week of my life in the market $IPWR $VSLR $SGEN and $BLCM. On a flight to Vegas baby!
BABA yolo?
Anyone buying yelp today?
this is why YELP went down today, hit piece on them via a documentary:
http://www.theglobeandmail.com/globe-investor/yelps-shares-dip-after-documentary-accuses-company-of-extortion/article23541160/
What is the fascination with YELP? 7061 other stocks to buy rather than this crappy one.
deep down we all know it’s going to be bought out for a premium. i want to be holding calls the day that it happens.
By whom? Investing based on that hope is
absurd. Sometimes shit just remains shit.
from your mouth to god’s ears
Might be that I recently started throwing some investment dollars at it down here. Basis $46.
OA-I know you dumped this but I still have my HLF 37.50’s. When should I sell?
$40 was my original target. I’d book here.
Jeff.Trying to decide SRPT or ACOR.What looks better to you?
$SRPT
Thanks.Bio options getting very expensive.Gonna wait.My KBH Apr 15’s position woke up though.
Added to CSCO April 31 calls Bought more EBAY next week’s 62 calls @ .05 & .06
TRN looking to take out 35 and a little air pocket above. GBX might go next if and when.