Now that the market took a few weeks off, its imperative to look at the TYPE of stocks that did the bulk of the heavy lifting today. Looking through the types of names that were up 3% or more on the day were good quality names. Trucks, trains, resources, industrials, etc. The list isn’t filled with a lot of shitty stocks, but rather good accumulation of solid quality names.
Now’s a great time to sign up for the upcoming Boot Camp at the end of May. In this course we’ll be focusing on risk cycle, separating stocks from quality to garbage, and give you a checklist of items to follow to gauge the environment and anticipate rotations.
Email me with any questions. Thank you to all those who have signed up. It’s going to be a great camp.
OA
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First. lol
Second – the lack of posts is interesting – I guess too many people have whiplash now?
2nd?
AAPL staying below 93 does not look constructive
But buyers have stepped in at that 92 level every time. Not saying it will necessarily hold but its not exactly bad
Good point – the 92 level goes back a good while, but the volume is at the 93- 94 level….
I think we will see 100 (or so) before we see the 80s. But that’s just my opinion. Besides the possible double bottom and the consolidation on decreasing volume the chart looks broken (and the company isn’t doing anything special)
yeah, I don’t see this going to the 80s soon, but I wouldn’t rule out a kiss of the 90 level in the short term
Interesting action going on right now on AAPL
KMI still in play for you or did it not work out?
One of my favorite set-ups out there. SHould’ve bought more time.
I bought June 20 calls last month, but I don’t think that is enough time still…
Out of NFLX and VRX puts. Time to lay some wood on the call side.
sold my weekly qqq and spy calls from Friday. Cash heavy and will be looking for short opportunities next week.
Playing weeklies are tough. Call holders crushed
I made money
SCTY smiting bottom tick shorters today
Liking the way $VSLR is handling these lows so far over the last couple of days. If it can hold a bit longer I’ll add to my position.
Isn’t it dropping like 5% every day
It actually trades at different prices all during the trading day. That’s what interests me.
Out of FCX shares. Kinda liking the JDST again…
Bought more FIT…now 50% position. Bought RIG with other 25%. All-in.
CIT bought a company (Direct Capital that offers loans very similar to ONDK and LC. Stock is just starting to come unglued and has very little price support below. Could be a monster winner on the short side.
http://seekingalpha.com/instablog/388783-christopher-menkin/4830656-cit-board-changes-thain-chairman-many-believe-direct-capital-pig-poke