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

MARKET WEDGIE

wedge

Most everything I am looking at is on a slow drift lower here intraday. Technical structure is still good here, but as mentioned this morning, no market expectations for the day. However, this action bodes well for Monday.

I’ve tried to tighten up next weeks watchlist, but I think I’ve already identified my favorite candidates for next week.

If you have any ideas you want to share for next week, throw them out.

OA

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29 comments

  1. bchu

    biotech!. IBB broke above the $315 resistance already. drifting lower now but that’s as expected. Expecting an explosion

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  2. ydauction

    OA, what about SEDG at this price? nibbled some LNCO today.

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  3. CF4

    Bought some JMEI at $10.10

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  4. BankinDaMonkey

    JUNO, PYPL, CYBR

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  5. scarface

    $SCTY on this re-test of the breakout

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  6. TheWolf

    $AAPL looks interesting

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  7. traderconfessions
    traderconfessions

    AXON and FL

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  8. Sir Cheeks

    Went short the $OSX this morning via puts and am up a decent amount. Will press the play in a bit after watching the tape here as smart money dumps these holdings. Yesterday a perfect bull trap was set in $OSX. Today is confirmation in a big way. Very low risk swing trade here on the short side. You’re welcome.

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    • Option Addict

      Who’s your top stock as a proxy for that group?

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      • Sir Cheeks

        Just tracking the sector via $OSX. Have been stalking it to short. SLB’s comments this morning is precisely what I had expected . Was too chikin (extra Chick Filet) to but puts yesterday but took the plunge this morning. Stick a fork in the oil service sector. Bear market in place. Added more puts with house money

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  9. Scott

    JAZZ perhaps (profile?)

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  10. Raul3

    something Chinese, I have zero china stocks. I feel like I’m on the town without a fedora.

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  11. Steve

    Took a long in ES at 13.50, risk under 11. Hoping for EOD ramp action.

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  12. k_melancon

    First time in a few months that I haven’t even been watching the indexes, but only focusing on individual stocks….I like this much better

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    • Hawaiifive0

      Yes. Same here. I like it when they become uncorrelated to the market.

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  13. Nocturne

    Giving the bulls credit for continued buying into the face of the consecutive inventory build. When the inventory was this high in March, front month was trading 42-43

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  14. Greenlander

    DUST

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  15. razorsedge

    Thanks for all the ground at ideas here. Guess it’s time to stop using my underwear as toilet paper and man up.

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  16. razorsedge

    Lol should read all the great ideas here.

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