Hard to see this move coming, but to me this still fits the pain trade theory. Most discussions out there are of the apocalyptic nature, which means we’re most likely not done yet.
Overall participant sentiment was a tough read yesterday, as discussed in After Hours with Option Addict. Bears were growling, bulls were buying, people were reducing risk, and it seemed that yesterday wasn’t a day I could really generalize and say “Most traders did this today, therefore, here’s what happens tomorrow.” Oil and biotech surely help here, and that rotational call into biotech is paying off pretty well.
I’m focused on rolling or booking April expiry positions ASAP. That’s my only priority here. So many set-ups to trade, but I need to get a few things adjusted first before I start looking for new buys….even though I have several.
Hate to say it, but I am enamored with china internet here, as well as beaten up cyber security. I also have a few cheap oils on my radar.
OA
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OA, what to make of USD/JPY diving? Are stocks lying? Does it bounce? Or am I wasting time even looking at the yen/stock correlation of the past? Thx!
Got in on FEYE May 18 calls in the morning. Lets see if I can get one of these to stick
U.S. stocks trump carry-trade malaca
my apologies malaka
I thought it was just a pre-Bullard rally?
JDST time?
I really really really like $PVG though.
LOL!
You don’t?
I like the Jr. Gold miners also. I’m more of a fan of $NG.
If there’s a significant pull back in gold & miners i’ll get long again.
$NG better and already broke out… but I think $PVG is the next $NG.
Nothing bought today. Picked up $XON yesterday and $CMCM , $FEYE and $UA having good days.
Burritos were last month. Healthcare is this month.
Day traders chase because they miss the big moves.
When you come around here talking about day traders, who are you referring to?
good God…option addict may be alot of things,,but a day trader ain’t one of them. Keep doing God’s work Jeff.