This is about to go nucular. $JUNO leading the way.
I added to $UWTI fwiw.
More later,
OA
If you enjoy the content at iBankCoin, please follow us on Twitter
Joined Aug 2, 2009
1,847 Blog Posts
© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy
FWIW and for those interested in gold, not now but in the future, the highs this week have come on week 12, the furthest any Investor Cycle has reached since 2011, and there is potential for further gains now that this is likely a Right Translated Investor Cycle. Not that the bear is over, but that this bears watching as it represents a change in character. I’ll be interested is watching what happens in the next investor cycle and the one after that.
Still in my rental long (as Doug Kass would say) UWTI from 10.38 as a hedge against my long SCO from 79.50. Still more fuckery to go!!!!!!
You don’t view any of this action as bullish, right?
No I do not. Expected resistance at the 200 period MA on my hourly chart for UWTI. Needs to clear that decisively.
Excuse me OA meant to say 5 minute daily chart.
I was just thinking this as well but about the overall market. It pulled back to the perfect spot and is trying to lift here. Let’s see if it does. If so then it’s a textbook spot to lift from, just like it did in 1998
Look at these:
1998:
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&st=1998-04-20&en=1998-11-30&id=p38370176354
Today:
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&b=5&g=0&id=p42579144989
We are right at October 28, 1998 if this parallel holds.
Yes, I’ve been walking through this often.
Yeah. Amazing similarities. Some differences (ie we’re not yet back up to the breakdown point while in 1998 we were at this point, and longer term moving averages are a good deal above us vs in 1998 we were right there) but looks like a great spot to get aggressive.
I have a collar on my KMI holding. Was positive this morning, but I expected a reversion so I opted to roll it. TD Ameritrade wouldn’t fill me and now are offering me squat to roll it. That usually means it’s going lower next week.
If CL closes green, watch out above.
Picked up some NWBO and PCRX.
I almost grabbed PCRX. Bought SCMP and AMAG instead. Just like the valuation of those more.
LOVE that $NWBO
Grabbed some BID at $33.2. Trying to think of the fundamental negatives here…maybe the concern is the high end auctions all go online through other market places? Assuming we don’t go into a nasty recession, valuation is low relative to CY estimated EPS at 15x vs historical averages (again, assuming we don’t go into recession because in 2000 and 2008 it traded at lower multiples). Very heavy insider buying in August, but that hasn’t stopped stocks from falling much further…remember WLT insider buying at $70? As far as chart goes, I’ll use a move below recent lows as a point to get out.
Dam. Seriously nailed that JUNO call
I like this $MNTA here, $ADXS also
The preying mantis chart has formed on my 5 min oil chart. OVX in a tight range. Both sides “praying” !!!!
How do the major airlines look? AAL, UAL, DAL, LUV all showing ascending triangle flag? Can I combine two patterns like that?
Effing awesome
haha. just saw the image for this post. classic.
TWTR looking great on the 1-minute chart – been coiling up all day –
Who were the guys trolling this morning about $IBB being down premarket on low volume? Great call, OA on Bio’s.
ydauction was calling it out.
Everyone give him a big “thanks.”
Volume IS relatively low for IBB and indexes.