Point of control on the Nasdaq has been holding since discussed on Friday.
$IBB still hanging onto this $258 level.
Oil up.
Banks red to green.
This seems like a fat pitch here, similar to the May trade of 2014 where I told you to take a few weeks off of work.
I’m making some lists here this morning, will update on this later this afternoon.
OA
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OA, with IBB hanging tough, and CNCR having itself a little dip the last two days, is this a good entry point? Thanks
I bought this yesterday in my IRA.
Like bio ACOR here.
Bot WYNN shares and bought back MACK AND KERX in swinger portfolio
Selling some SPY 201/203 put spreads here w EOM expiry
If we make this move, might as well be right now. long NQ
What does this stagnation in the indexes mean?
It means you get to evaluate again tomorrow.
out. scratch
I need biotech exposure, throw some tickers at me…
$CNCR
Maybe for my IRA but not my swing account, I need optionable stuff for leverage.
Didn’t even know this kind of ETF existed, interesting. I’ll have to go research the underlying components.
http://www.loncarfunds.com/Data/Sites/38/docs/CNCR_Fact_Sheet.pdf
Thank you. Interesting that INO has the highest weighting.
ZTS, ALXN, XLRN
Scan I created in Finviz for anyone interested.
Biotech w/ mkt caps over 300mm and down 30% or more for the year. Some blowups but also some interesting pullback charts.
http://finviz.com/screener.ashx?v=111&f=cap_smallover,ind_biotechnology,ta_perf_ytd30u&ft=3
OA- About a $440 target in the CMG weeklies bruh?
Out of JDST — loaded to the gills (50% account) in FCX
lol. wtf?
great tradign stock — has been very good to me…buying back shares sold in upper 13’s from account with same (50%) allocation
I like it a lot
FEYE reports after the bell.
Keeping the languishing calls but thats about it. Maybe we get a nice 20% spike. Wishful thinking
Yeah this has been a big disappointment. I just sold half my May 18 calls from 1.30, will let the rest ride.
down 8 of the last 10 reports
Selloff feels panicky — this might be the lows
panicky for sure – better be the lows though…
Liking today’s action, the trashiness and low volume. Even if things go poop, very close to the daily Bollinger which should provide support ala mar or nov 2015. Right next to support also on 2 hr frame too.
Out for a sandwich. It better be the best f*&%(*^ sandwich I’ve had in years…
OA,
Point of control still holding?
http://ibankcoin.com/option_addict/2016/05/03/be-ye-prepared/
I know.I’m looking at it on TOS. So close! I guess fat crayon line.
OA, you’re in my head on $NDLS. They had an absurd reversal yesterday, coming back in a bit, stabilizing to get quiet around here. Looks good, right? But I checked the menu and they still have stroganoff on the menu so I can’t buy.
I remember this sideways crap – chews up bank accounts until you are swear off trading and then it takes off while flipping you the bird – I am getting there
Might be time to sell it all and go bass fishing….
Might better time stamp this conversation — point of exhaustion. We rally hard from here.
maybe – but I haven’t sold anything….
Now you’re talking.
OA
The $IBB is a very good entry here, but do you think the IV is a bit higher here?
I think you predicted the $IBB run last time , exactly.
Since it’s an etf, I didn’t bother looking. I don’t ever check with etfs.