The markets inability to uptick yesterday was a perfect move to engage traders at higher prices this morning. Did you note the buy extremes in the last hour yesterday? My top pick yesterday was stocks, aka the market for the gap up today.
So the market rips off an opening gap. Buyers weren’t feeling the action yesterday, but now that they see this action off the open, FOMO creeps in and they start buying. Chances are that we’ll fade into the close.
I’m opting to book a few into this move, and will await a late day fade to buy anything else. Believe it or not, I think this action is still quite boolish.
I did pick up $NK and $C calls right off the open. I’ll just sit here and watch for the remainder. Looking to book some $BIDU, $TSLA, and hopefully some $GOOGL gains.
Anyone catch that #GSWatUTA last night? What a game.
OA
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Good move on C. Banks up on this nicely played front running of the Fed’s reverse repo scheduled for Dec 2, ISM be damned.
Everyone’s fading the banks, so I tried the long. Maybe it’s wrong…we’ll see.
Digging this action in FB
Yeap, watch the game from tv and try to spot you in the crowd.
Did you see me? Clearly visible…especially in the 4th quarter.
Looked for you, but the cameras always panned too quickly through the crowd.
The GS team this year is special to say the least!! Curry remains EN FUEGOOOOOOOO!!!! Would love to see a series between these Warriors and the 80’s Lakers. Who would win best of 7?
Interesting question – today’s SF Chronicle posed that exact question and said Warriors in a sweep. Their reason was that the Lakers rarely took 3’s. The ’84-’85 Champion Lakers made 90 3’s all season. Today’s Warriors make that many in 7 games. Also said Bogut would hold Kareem’s scoring to reasonable levels.
“Believe it or not, I think this action is still quite boolish.” do you mean today to engage shorts and squeeze them tomorrow?