I bought June calls in these stocks, and picked up a LT position in $RIG yesterday.
I slayed the /NKD last night as well, and am still currently long.
As for the market, watch $IBB on a 5 day chart to see why it shook many of you out this am, and watch that low in reference to where we close today.
Small caps are stagnant as well, which I’m not totally sure matters yet. As I’ve been saying, its all about the Nasdaq here.
More later,
OA
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Took some $WETF for the lt account today.
OA – any thoughts on crude here? Playing that range you mentioned. 43-46. bounced right off that 43 mark.
Then it sounds like you’ve heard my thoughts.
Do you think here is more upside in other areas than $TNA here?
What does that mean?
Meaning I’ve been in $TNA since 5/3, the stock, and it’s finally a winner for me today, should I get out for other better opportunities or do you see more upside it in for the rest of the May?
So the moment it turns a small gain, you want to bail? nice.
Haha, not at all. thanks for the response.
Nice job on NKD. I only got about 100 points out of it. Still learning that one
CYBR alsways disappoints.. Like QRVO. I went with WDAY and BEAV.
Maybe for you, not for me.
It is staying about the declining trend line which is positive. I own some underwater shares so go giddy-up.
$TSLA forming a sloppy little inverse H&S here.
In spite of the full position I have on in long term account, I’d actually rather see it down so I could make it a super-sized position. I think we have a good shot at it with the recent defections, ambitious timeline, etc., I imagine there will be distressing headlines in our future. But generally the things I imagine go the opposite way, so probably lean on the inverse H&S instead.
Would love to see 180-190 before moving in. What is your basis on this one ?
My average is about $204. I’d add in that $180-190 range as well. That looks like the next spot that would find some support on the weekly.
And I’d probably go stupid-size if it got into the $150 range.
Not sure if we will get that gift again. Cant believe I didnt grab it at 150
Tony – any revision of the statement below. Does this am’s action change your outlook?
“Still expecting the market to visit the 2019 pivot soon”
tony caldaro says:
May 10, 2016 at 10:58 am
if it hits 2083, “soon” will be later
S/B interesting to see if we’ve topped or break the ceiling at 2084 with 2075 being a 50% retracement.
man, these IBB options are brutal. stock is green and majority of calls all down.
let me know when you panic and sell them so I can buy
Oh hey, bigot boy. How goes it, bigot boy
Is gold trying to start a run back to recent highs? Dollar can easily come down a bit here. I don’t see it over 94.50
Opinions are like, well, you know, but I see /DX potentially making it all the way up to 95.5 or so by early June. I also think we may see Yen weakness. I think you’ll see gold hit $1240 before it has a shot at making a run to new highs.
Bought a double calendar spread for M earnings
long Jun 3 35 put, 40 call
short May 13 35 put, 40 call
IV is double of mean HV right now for M
XBIT – The bomb of Biotech
thoughts on $RGEN here?
thoughts on chasing $WING a little?
Stopped out of UVXY…loaded portfolio back up with shares of SQ, FCX & FIT. 75% invested now.