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

THE MARKET TRADES LIKE ASS. NOTED

Biotech stocks – pillaged. F.A.N.G – destroyed. OIL – Can’t hold an uptick. Early leader stocks like AAPL and MSFT gave up gains. Everything seems to be closing on the lows. The devil left his mark on the holiday shopping season too, fwiw…

2015-11-30_13-16-52

Based on the day’s price action, how are you positioning headed into tomorrow?

I can’t say one good thing about the market here, except that it will close in a half hour.

Top Pick tomorrow: stocks.

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24 comments

  1. nocturne

    Just checking into the market today. Glad I did not waste my time. When I look at my holdings: TBT, GDX, KMI, WYNN and neutral on oil with UWTI & SCO over the last 20 days, the dealers have done all they can to suck out premium. It is my opinion that Tues – Fri will break these ranges. Oil may break its range Monday if the OPEC press conferences are after the market closes on Friday. I’m also long a smattering of AAPL and D.

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  2. djmarcus

    EEM / HYG have been holding up all day. Take note.

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  3. Highball88

    I swear those 666 prints I see here and there are NOT random. It is code.

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  4. MSGT HARTMAN

    Miners and Chinese Burritos worked today.

    Don’t marry a thesis if it isn’t working, be flexible and go to Plan B.

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  5. djmarcus

    OA – thoughts on a long MON? Finding valuation attractive but technicals always elude me.

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  6. Bionut

    $NXPI wooooooosh…

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  7. infinitezuul

    Extremely long QQQ through calls. Jan expiry.

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  8. Noni Kavuri

    Anyone like $FCX. Seems to have solid support at $8 and Icahn took a position in it back in July/August.

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  9. bagholder

    Gap down, close higher than monday’s high or gap above 2098 on the spoos to kill any long entry

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  10. Quality Control Inferno
    Quality Control Inferno

    Anyone shorting futures overnight? I’m envisioning 4572 primary target and 4500 secondary. Then a bounce back to start forming a giant wedge. R/R is best in months for this. 20-30 points up and you know short is probably wrong vs. 120+ points of downside. Not bad IMO.

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  11. djmarcus

    Did you go to the gsw game ln?

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  12. Mike

    Jeff, you at the game last night???

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  13. Mike

    sorry DJ ..didnt see yours

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  14. ecchymosis

    Great game – I thought the streak was over.

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  15. Nocturne

    Almost spit up my coffee:

    TBT & TLT both down about .25%

    KMI down with oil and gas up.

    Love this market! ROFLMAO

    trimmed some wynn. Trading around position. Although miss a buck. Killer ramp at the open. I’ll buy back.

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  16. k_melancon

    Much better opening than yesterday….wasn’t expecting that much strength, but is it strong like bull, or just “meh”

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