Note: I added to LT positions in $LULU, $FEYE, and bought calls in $SOHU, $NFLX, $FB, and $LNKD this afternoon.
Joined Aug 2, 2009
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you left out the ‘slope of hope’ after a major top and the start of a bear market…
and yes, i’m willing to ‘buy the dip’ but it sure as hell ain’t spx 1915 without even a NORMAL 20% correction
I’m just following the chart below.
no problem..the part that scares me, is, I’m not even bearish yet
You had your chance.
NFLX rising
agreed
Pleading with natty here, like a rational person.
god dam oil….its gonna go
Still think we sweep the leg? Feels like market has changed a bit… i.e. morning/futures rip sold and stays sold vs. today morning/futures rip sold and bounces
I would stop worrying over that detail. The market hurts everyone by bottoming while everyone waits for lows.
I’ve been buying all afternoon.
+1
Bios at the HODs, boss. just sayin’…
Good thing I told you this on Monday.
yup! loaded to the gills.
FIT en fuego!
sold DGAZ +35%
short MA here at 90.50
Curious where your stop is on MA?
Took another spot with USAT – thin but it’s been battered
$WING wedge. I hate this stock right now. Want to dump it so bad but I know this is not the place to do it.
Jeff – On that sentiment chart above, could the case be made the buy the dip was Oct 2014?
If you felt we saw enthusiasm, sure. The monthly chart is hard to make that case.
http://www.marketwatch.com/story/us-auto-sales-in-august-reached-10-year-high-of-182-million-2015-10-01?link=MW_home_latest_news
The Institute for Supply Management said its manufacturing index dropped to 50.2% last month from 51.1% in August, reflecting a stronger dollar and weaker global economy that hampering U.S. exports of many major American-made goods. A reading of more than 50 indicates a rise in activity.
“ISM manufacturing index came in barely above 50 which is in line with the weakness we are seeing globally,” said Paul Nolte, portfolio manager at Kingsview Asset Management. “Earnings can’t improve if economies don’t grow.”
The tepid manufacturing reading also cast more confusion over the Federal Reserve’s monetary policy stance which will continue to weigh on the market.
I read too, bro.
I am definitely moved over to the bull camp – looking for a trend day tomorrow barring some international news.
good louck with your buyin here ; my charts paint breath and risk off the floor . who knows may be we get a bounce ( on friday ?)
Are you short? You talk a lot, but I’m not sure what to gather from it all…
i talk a lot …me? sure?
no , fyi i have no position ( say no heavy position ) on today market .. i have no bias on tomorrow action ..
You know, like to argue a case? So you aren’t in the market here?
today? i sold some positions..missed to sell others.. i have some remains.. but not worth considering a bias for tomorrow really
i would welcome a natural correction ..that the market needs … therefore my general medium term bearish bias .. not sure we go down slow, or big leg down happens tomorrow, or we flup up once again before correction ..
We dipped below the August 25th low on Sept 29th intra-day so we did in fact retest the low.
Loaded up on XIV. LETS GO!
I really hope you are right, my man. I am tired of shorting the market (and honestly not very good at it).
OA – thoughts on natural gas here (UGAZ). Been down a good percentage the last couple days. Thanks.
I’m taking it straight up the ass in $UGAZ. Don’t ask me because I was dead wrong.
brutal honesty. Not sure I have seen that level of honesty anywhere else.
made some purchases in my 401K that I have been in cash since July
Oh no,you never hear that when it’s the real bottom.
Ended the day with positions in all big cap slow as balls stocks. If we get a VIX down below 20 and an ATR below 25 then I’ll consider adding more risky stuff. Holding GILD, AFL, AXP, IBM, WMT, QCOM and UGAZ.
Did you buy back into the pre-market sells?
9k last friday 29k and change today following your guidance OA thanks again.
FUCKING awesome.
holy shit
congrats
think I’ve never done 29k in a day
umm…wow. i’m pretty sure he’s got a much bigger capital base that he’s working with
OA, what is your target for FB call ? 95ish?