Still hammering out the butterfly pattern.
The stock hammered out a low, closing back above the crayola trendline we made earlier in the week.
Carry on.
OA
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Joined Aug 2, 2009
1,847 Blog Posts
Don’t you know that it’s time to get on board
And let this train keep on riding, riding on through
Please don’t miss this train at the station
‘Cause if you miss it, I feel sorry, sorry for you
O’Jays
This move in the market is some kind of intense. Though I am concerned that high yield unresponsive here.
Stock or options?
UA will be 1 of the best shorts of 2016 (as long as it doesn’t make new highs within the next month or 2)
Lol. Why is that?
cult stock that hasn’t been dismantled yet
P/E ratio is x3 of Nike
and my ex gf left me for a faggot that only wears UA shirts with those gay fluorescent colors and I want to see the co. burnt to the ground
Best reason I ever heard to push a stock lower…good luck!!
Personally only wear Nike..
Thinking more and more about a rounded top going back months on SPX. If so, Friday was a slope of hope rally (extra Tim Knight). I think we’ll see a selloff this week. If it’s shallow then we probably end up rocketing through the “rounded top” resistance later this month. If we do something like 5%+/start moving back into Aug/Sept value areas below 2000 then the rounded top still in play. This week is critical IMO. In puts from Friday, but not going be dogmatic about either side of the trade.
Off to a bad start
Went 1/4 of 1% long position long oil on Friday by selling some SCO knowing full well my nerves would be tested on the Sunday night futures. They haven’t disappointed as we are down 1% to 39.56 at this writing. Also looks like Dennis Gartman may be right on natgas returning to a one handle.
If we open at 110 and higher I’ll look to trim some more SCO close to the 137 high of 8/24 while making some momentum buys along the way.
Remember Pearl Harbor…
Another Monday Morning murder hole…psychology sucks. About time for a motivated buyer to step up.
I was thinking, the pain trade today might be shooting lower with a reversal. Already have the longs on the wrong side of Friday’s close, and the shorts are excited for a repeat of Wednesday/Thursday.
Bought some energy related names too early on Friday — Crude feels washed out or perhaps that’s just wishful thinking or perhaps a reversal is the catalyst needed to break this market out to the upside.
Trimmed small SCO at 118.27. I am slightly long oil here.
Buy the banks and semis with both hands here…