I have pushed more buttons and made more clicks this week than I have in a month. I have taken a good chunk of exposure to the market this week, and still have a lot left on my list. Those names I took positions in this morning include $AAPL, $TSLA, $WING, $PYPL. I have a pretty good cushion in names taken this week, and haven’t taken off the hedge yet…which will be the last move for me, once I have 100% signals in play. Thus far I am missing only one confirmation.
I’ll do another recap of the week later today for the weekend. Hope you enjoyed the ride.
OA
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Now that I’m 100% cash, it’s time for me to put some money to work long. It would have been nice to have been short this morning at the open, but I’m now ahead of the game having covered yesterday.
I am with you and have some orders to fill at close today to take me down to 70% cash from 100%. I don’t want to miss the next move up.
my YHOO is alive!!!
USD/JPY EOD ramp
One thought I kept having over the past week about USD/JPY was that maybe you don’t need a ramp higher. The fact it has stayed in balance could be confirmation that the move lower in stocks was unsustainable.
Shorter term balance for SPX was 1950 right?
great week, OA. Sorry for the crazy questions. haha. just having some fun with your peeps.
Time for a cold one.
Well done this week OA
Thanks my man. What a mind job.
Great week OA, to add on my comment yesterday, started a new account with 9k and change last friday, currently around 35k and still going up with long GS calls. All following your blog Im not even a member of AH. Been reading you forever and can’t thank you enough for all you do.
you could thank him by joining AHWOA now that you know how well you can do by only getting 1/10th of the insight and knowledge on the free blog, I’d think it would be worth a one month flier on joining.
I agree maybe Ill sign up this weekend. ALso priceline breakout just chipped in another few K
Have a good weekend OA and all.
Dude my phone has been blowing up with trade alerts. Someone ^ has some conviction! Best of luck, but I can’t start getting substantially long until SPX 1600. Retest of the 2007 highs are imminent here with a recession looming. Today was all panic buying because “bad news is good.” I look for complete failure next week.
What would really be sweet is a failure of the breakout of 2007 highs only to see the FED step in and give us the fuel to scorch bears down there. From failed moves….. Then we rocket to about SPX 3000 by 2017. Then I take all monies and prepare my bunker.
In your dreams?
lol…had to.
Har har. 🙂
Hey QCI – missed you in chat – Jeff nailed this move. I admire your conviction. I am a convert. GL. JimC
Been really busy with work. No time to enjoy the intraday shenanigans inside the halls of TA Live. I’m just waiting for a failed move higher to short on a swing basis. I see from my phone alerts you guys have been very busy! I’m rooting for you guys.
Added a few more FIT NOV 50s
Looks like margin calls are going out, for the short sellers…..
Thanks OA. You helped me ignore some of the noise and I made 50% on my entire portfolio today. (WYNN options were half of that got lucky) Nonetheless you killed it and I’m joining AHWOA
Unreal. Congrats…that is impressive!
WING Nov 25s or Dec 30s?
Both, lol.
Jeff, Does this seem short covering and too bullish FOMO? Will it pullback a bit next week?
Wow, you are killing me.
Sorry, I know your position. I missed today’s action due to busy at work.
I’ve been buying the lows all week, if that helps.
BTFD mode back in sesson
The skeptic in me says cash in. But I suspect this is a conviction day that is good to trade against
Nah man, just bad news is good news buying panic/short squeeze. This is all algo madness.
But you know what, since we’re all going to tout our calls now. I said yesterday or maybe it was the day before “don’t be surprised if we see a move to challenge 2011 on the /ES before the ultimate rugpull.”
So that’s what I want, a move to take out the FED day highs so I can short. Somewhere in the vicinity of 2050 would be nice.
Wow.
sure. i’ll gladly welcome 2050. lol
great trading OA. It’s a jigsaw puzzle!
The most sophisticated jigsaw there is. It’s so fun to be able to piece it all together.
He’s flowin’ !
https://youtu.be/0EygqL–RW4
So is it safe to assume the Burritos are in play here? Pulled up a scan and their percentages are crazy today!!! I think $KWEB touched 7% for the ETF, was top of the list for a while.
Reconfirmation, We are going to make lots of money.
This is a tell if there ever was one. FLVCX
the best marketing tool for AHWOA has been this week’s market action. unreal.
Hi OA, first off, thank you very much for sharing your knowledge. Your calls over the past couple weeks are so impressively point on and I’ve learned a ton.
Could you please quickly explain what you meant in a previous post about using $TICK to find extremes? As it applies to divergence, are you looking for down market yet an extremely high $TICK in the positive?
Thank you very much for the knowledge and response. (Posted this in a prior blog post).
Epic.
Outstanding work as usual OA. I wish I wasn’t such a perma-bear at moments like these; I’ve never seen anyone call such a volatile market as accurately as you did, well done. If you like, I would be honored to be your contrarian indicator. If you need me I’ll be waiting for my turn in the dick guillotine.
Now your back’s gonna hurt cuz you just pulled landscaping duty.
+1 OA putting the team on his back
Well done sir
I’ve been reading this blog for last few weeks and I’ve to say you would think somebody writing the script on the wall and market just follows it. Amazing. Needs lot of confidence and courage to put yourself out in the open and prove it. I’ve decided to join.
Phenomenal work OA.
Best trader out there…by far
Thanks OA! Best day this year. Some interesting stuff here:
http://www.bloomberg.com/news/articles/2015-10-02/s-p-500-may-bottom-in-days-then-rally-seasonality-charts-show-analysis
Thank you so much OA