I’m a little late in reporting for duty. It’s expiration day and I have shit to sell. The market grind is fantastic…makes for some pretty sweet trading conditions.
I’m developing a watchlist for next week in After Hours with Option Addict later today. If you’ve stopped by for the free trial, I hope you’ve enjoyed yourself. Come grab a few ideas for next week before the weekend.
Speaking of which, what are your top picks?
OA
If you enjoy the content at iBankCoin, please follow us on Twitter
anyone like natty gas for a long trade?
I’ve been in and out of UGAZ for the past 2 weeks. I do like it longer term but hard to hold UNG / UGAZ so trading is the better method.
biotech time…$NK $PACB and about a dozen others look good for a trade
These two are AHWOA ideas btw. Not trying to steal credit from the stock sage…
OA,
You still like $CMG here or wait until $440?
No. Everyone is too eager to buy this thing. Right spot to bounce, but not interested.
so you cut your purchase from yesterday?
My March calls?
oh. thought you bought stock first then added calls at end of day. my bad.
I trade options yo.
would think the gasman would like the ng for a long vs biotech……
I was playing natty on the long side over the last few weeks but I’m not interested here. I’d be a buyer on a retest of 1.80ish if it pulls back slowly
I’m placing my bets on biotech and chinese burritos for next week
I’m long natty futures from much lower (last week). I actually think it may pull back some next week but it’s bottomed IMO and I’m using the lows as my stop.
FRPX and WETF
EFUT,CNIT,KUTV,RCON,STV and a bowl of flied lice.
My diversified portfolio tells me there’s a rotation under way from energy/industrials to tech/health-care.
Thus going forward top picks: PFE, GILD, AMZN, FB, GOOGLE, NFLX, QCOM, AAPL. (MY BOOK)
Energy: Remember, to get to 45 – 49 oil and 2.00 – 2.50 Natgas you gotta check back to prior supports.
I am not buying puts or shorting energy & industrials.
I like PFE
OA ever buy any GLNG?
$NKE $UAL $GILD
As always, epic call by you. I think you got the $GS calls
FEYE. although she’s kinda taking off already.
AMBA looks like it’s at the very begining of wall climb if you compare to sentiment chart.
I agree with the gasman, biotech looks good, specifically JUNO.
Good one boyaj. $CNCR components outperforming
My man
Like $CTMX, $NDRM, and $LBIO
My list: $NK, $ADXS, $ADHD, $PACB, $LIFE, $RLYP, maybe $CERS
Check FPRX.. about to move up from tight wedge with no overhang. Nice weekly candle with volume.
I sold out of TNA today. I think a lower risk entry is coming for stocks.
As discussed in AHWOA last night, Biotech looks good. Using OA approach with FINVIZ, here’s the ones that haven’t participated as much: GILD, RYLP, REGN, BLUE, GRFS,ALXN, AGIO, ACAD, DVAX, MDVN, ANAC. I think most have OA’s favorrie chart look. What you all think?
GILD is one of my long term positions (happens to be the largest), and while I think biotech is ripe for a run, GILD is unique between all those others in that it’s such a large company. Speaking from experience in seeing how GILD acts, I don’t think they make as big of a move as others. That’s not to say I’m not bullish on GILD, but GILD will only make a giant move once they acquire someone.
I’m bot some $GILD April calls the other day. I suspect the majors will lead coming out of the hole if biotech has bottomed.
BIIB?
OA, What’s with VMW? Still ok in your opinion?
Down ten cents. Run for the hills.
I probably jumped the gun, but I sold it. So sick of having gains and watching them evaporate!
Do you stress over trading pretty hard?
Higher highs, higher lows. Breakout still intact.
So, the next week or 2 might be interesting. The September rally took 26 days to the top and covered roughly 24.5 points using SPY. Then it pulled back roughly 10 points. Today is the 26th trading day from the Feb bottom and so far we have covered 24.1 points with possible resistance in the 205 range. If we follow the same analog we should pullback to around 195 over the next couple weeks. Guess we see what happens Monday.
everyone is expecting a pullback here
Exactly. I figure we at least bust thru to the upside short term if not longer. Seems like to obvious of a level. However this brings us back to even for the year or close at least so lots of overhead resistance possibly from sellers excited to get those losses back.
bought TRIL PACB and more NK today
OA or others,
Is there any significance when a stock makes a lower low followed by a higher high only to make a lower low in a chart pattern much like an IHS?
Got an example?
Yes … CWEI
Wondering if it sees a higher high @ 24 on next move or the new low negates the entire pattern …
Broadening formations. Usually you see them at highs. I rarely see them at lows. Watching $WFM do this as well. Technically, they are reversal patterns. That would mean you should look to buy breakdowns in $CWEI.
the higher high doesn’t mean shit with the new lower low
look at the stock when it rallies it looks weak af
look at the 2 year chart. it’s a slow constant grinding death lower
a 5 year chart shows major support at 30 broken
plus it hasn’t rallied at all with oil
there’s probably something wrong with it fundamentally. sure it could rally but there’s 6000 other stocks to look at
In which case I’ll monitor for a better setup … thnx for the advice.
Oil scare is minimal. Back to our regularly scheduled going and rotation.
Looking at Tuesday as our dip day. If you are above the prior weeks’ low for your favorite trade around 11.52 am on Tuesday, I’d get long for the week. Remember, London markets close 12:00 our time thru next Friday.
That’s grind not going …. g.d. phone!
I know it’s not the prettiest chart. But any thoughts on $MRD ?
Biotech BTK IBB monthly charts not looking like a bottom to me. Coming off parabolic top so consider keeping a short leash on any longs. Sector is broken for now with tons of overhead supply. BTK wants sub 2000 this year?
My book: short AGN from yesterday
XON CNC AMBA PYPL