For starters, the $IBB has a classic “sentiment look” to it. After climbing the Wall of Worry and staying up in a state of anxiety for a few weeks, we’re now seeing the $IBB in aversion.
Generally speaking, aversion will travel down to test the balance of “discouragement.” On a 5 year profile, the point of control happens to be at $259-$260. Watch this area for the $IBB to stabilize.
I am starting an investment in $CNCR today if this pans out as outlined here.
OA
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My buddy and I were just talking about entering IBB and LABU…. timely post!
OA, why not just $IBB
Because of what its invested in.
Love the art and concise, highly educational content. Thank you.
big spread on CNCR. looking at PBYI avg down
Market probing lows, TWTR trading near highs. Odd, no?
Got a feeling there is a motivated buyer lurking on the sidelines.
Bidding more FCX under 11.5
Look for buyer to engage on this break of intraday lows.
Bot more FCX. Bot couple TSLA weekly 240’s earnings play
Would you get long $TNA here?
I prefer large cap here —
Sold more JDST
Sweet 3 day trade.
I like that TWTR action
Long $NQ_F $4299.5, stop 89.5
400 points of upside in this trade…
get ready…. no way we end here by the end of day as a big move is coming either way. Loving this conditions for day trading.
Market is definitely causing significant emotional turmoil in participants.
do you still like $NK?
Last entry was $6.68. I’m ok with it here unless the biotech set-up fails.
guru thinks 240 for the ‘5th wave low’..then get on board..I’d love to see that broken with positive divergences but the market doesn’t listen to me
There’s the $IBB bottom.
OA, thoughts on MBLY with upcoming earnings. Autos reported somewhat well. Thanks
Dice roll. Use liquor money.
It does look a lot like that sentiment chart. Could be a longer term head and shoulders too.
OA,
Would you dump $TNA bought yesterday near the close or hold firm?
Why the change of heart? Bearish?
long $sq at 13.55. how do you think they’ll fair through earnings?
I think they get smoked based on how its been trading
TSLA also trading like ass……..got my fingers crossed that Costanza principles apply in both situations
fair enough. I’ve been seeing them everywhere including massive music festivals ringing several million in alc for a weekend.
I love the idea long term, but someone is selling these recent rallies pretty hard.
I find new issues difficult to trade but I love the SQ concept
Square has had its lunch eaten. Was popular for a while and now not a single small business that I work with uses it.
Low of the day boys. Get ready
With respect to CNCR.. aren’t you concerned about buying such a very thinly traded stock? 90 day average volume is about 12000.
If I were, don’t you think I’d pass?
OK your honor, let me rephrase the question. Why aren’t you concerned about investing in such a thinly traded stock?
I’m seeing a bid/ask spread of between 1 to 5 cents toward the end of the day. I think anyone can deal with 0.2% slippage.
Hey, no need for attitude here.
Sold my GDXJ puts for +1.30 avg gain.
well done…just rang the register on the rest of my JDST position
Long May LABU 25 for 2.85
Traders are definitely engaged on the dark side on this May the Fourth trading session….
OA since you thought the pain trade was a gap up today and it did not happen, has your thesis changed in the short term?
The pain trade was wrong. The technical levels discussed are still holding here.
OA, do you see the Nikkei as — potentially — in the bottom part of aversion right now? (I’ve been Nikkei-obsessed lately.)
I’m very interested in this too.
Chanos has it out for Musk.
FIT is unusually quiet ahead of earnings. Usually the call buyers are all over it. Anybody playing?
TWTR — 15+ this afternoon
I had bought some TWTR calls a few days back when you had mentioned “someone will buy it at $20”. Basically a hedge for my short tech positions.
I had picked up some TWTR 15 calls yesterday at a nickel, but only bought a handful….wish I had bought a few handfuls, but am enjoying the pop nonetheless in today’s tape.
thanks, kidstock!
Kidstock killing it. Good job man
this is about to get fun.
Dear Mother Market: Please reject all NQ prices below 4300 and proceed to melt the faces off the bear-shitters that dared to short in the hole today.
Your humble servant,
Kidstock
Long SPY 204.6
Not looking bad. Weaker selling volume, positive div on hourly. Possible short squeeze into close.
long NQ 4300
grabbed TF 1109
Looking to add to one of 3 long term positions here: $DB, $AMBA, or $FSLR.
I would like to wait for the mid-$40’s for $FSLR, but who knows if it will get that far from here.
Any thoughts?
itll get there. this aint the year for solar
Sold TWTR weekly 15 calls
I got out of mine at .19
out -2
Sold BAC weekly puts for 200% profit and bought QQQ calls for .90
may miss this one but I don’t like the action for an end of day rally but I will also still be stunned if we close around here
trying 4304. took some scraps from TF
Not feeling it either Chief….sold TSLA weekly 240’s. not wanting to risk capital on a coin toss / earnings play
Out +11
Mean out at 4311
I was early on my call for a SCTY drop – down 10% today – brutal
OA,
What you make of price action of FSLR- ive been long for a few years-not selling or worried just curious your thoughts. i will add around 50. dirt cheap.im in stock only fyi.
$51-$52 is a spot I would buy if not in this. Hit OS on my indicator today.
Just brutal shake outs all day.
Yup. And earnings misses everywhere after hours. Hideous
Bought back JDST I sold yesterday
Bears attempting to wrestle control away from the bulls after the reversal in futures overnight / pre-market.
Operating thesis: Downward bias thru end of June / Brexit. Short breakouts / buy despair. If a stock isn’t moving in my direct — I’m going to be quick to move on.
Good luck today guys.
Bot more JDST 2.19
Scratched out of TWTR and FCX shares. Not liking the feel of this tape — on the hunt for more short setups.
You turned bearish that quickly? Two days ago you were a bull.
I’m long $TNA still, so cautious myself.
Two way tape — I want to be more precise with my entries going forward for risk control purposes. Anticipating wider swings and don’t want to be underwater and selling when I should be buying.
Bot DIS May 105 puts
Don’t do it man. Today is the day. 9th inning. Almost over.
Has that feel to it doesn’t it
Noted! Thanks.
Added more SPY @ 205.4
People are wayyyy to bearish for a 50 es pullback.
Nikkei gets its footing tonight and rips 1000 points. Markets are up up and away tomorrow and into next week.
Yah sentiment seems very bearish which is why I wouldn’t mind a day or more of low volume/ low range churn at these levels to trap more bears.
if you like a NFLX yolo, 92.5s here
nope
Vslr has that sune feel to it. Constant investigations. Bk soon???
No, they changed CEO.
bchu bottom on VSLR
loading up
Hope it works out. And make 15k on this too. Hahaha
I might I now have 17.5k shares
You guys were right — punted those DIS puts. Grabbed some FB 121 weeklys.
AAII Bulls now 22.3%. 19.2% at Feb low.
Bears a-fire next week.
Bot TWTR May 15 calls
chart art? more like shit art!
Hahahaha! Hope you lost your ass, fucker.