Check out who copped the MarketWatch headline today. This is valuable real estate!
Kirk Spano calling for another 1,000 point down day for stocks.
Kirk also had a great call in November of last year, to buy oil and gas stocks.
This combined with some of the garbage in the chat makes for a compelling risk/reward to the upside here.
Off to see about more risk.
OA
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Oil bulls, I suggest you not struggle breaking above 44.60 on this flag pattern on my 5minute chart during the lunch hour …..
On the back of that headline, looking at going long KERX. And ARRY. PIcked up more MU today, Dec 17s to go with my Jan 19s. No more, as now I figure this will fail to play out because I own them.
Picked up some $SQNM here.
Definitely a different tone out there (and in here) today.
How would you describe?
feels like risk off day no? Many of the growth stocks getting hit hard. Maybe not all. I’m sure there are exceptions but definitely more than the past few days/weeks. Just an observation
Turnaround Tuesday — Costanza style. Buy everything up while its cheap
Sure feels like a trap to suck in the bears with cheap premium and then rip it higher into expiration.
Really wish I didn’t just blow my trading account capital on down payment for winter ride for the missus….FML
VRX — about to show the bears some manners. KITE making multi-month highs. Even lowly energy names should be bought here. TWTR, too…
I was saying the same thing a few posts back…not the response I was expecting.
Having trouble keeping up with thread this month. You were right about VRX having limited impact on market ala SUNE, etc. — I like you swinging the gorilla cock into weakness. Wish my financial obligations did not preclude me from participating — waiting on more commissions to hit my bank account tomorrow so I can replenish. TWTR is the steal of the century down here…hope I get another morning of weakness so I can add to Dec and Jan positions.
$TWTR bottomed today. Totally agree.
It’s early, but favorable response to 10 yr auction for TBT. Note oils reaction. Again, it’s early
Slow action today – volume in TWTR died after ~1130 Eastern- really like the chart today versus the past 4…
FWIW, the cycle guys, who are not always right, seem to think that this daily cycle will be short, maybe only another day. If that’s the case, we may start heading up by tomorrow or the next day. Average cycle length runs 35-45 days. Today is day 30 of the daily cycle.
Is this about Gold or Gold Miners?
OA,
What is the tell/ indicator you are seeing that TWTR bottomed here? Thanks in advance for any knowledge you kick my way. Thanks as always.
It was sentiment here earlier.