Off last weeks oversold signal in both the $NYMO and my own personal indicator, we’re now breaking balance here to the upside. The TICK opened with an upside extreme, but I am also watching $VOLSPD and $ADVN-$DECN to confirm this initiative move.
Last night in the boot camp, we broke the market down to a list of environmental indicators with historical data to back these signals. While many of you think I ride a bullshit bias for no apparent reason, there are a particular list of signals I use to confirm where the market is going. If you were on the fence on attending, sign up if only for last nights presentation on these indicators.
Like I told you guys, funny how the timing of this has come together. We’ll chat risk and rotations in tonight’s presentation.
Picked up some $CTRP and $EBIO off the open. More later…
OA
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Excellent work
Bravo sir
I wasn’t claiming any sort of victory here on this move, but I think it leads to something.
It definitely contrasts with the doom and gloom across most of the financial industry sites – last year I would have been in a bunch of puts and have lost all of my options cash based on what I felt – here, I had long exposure, not crazy long, but enough to get satisfaction from this move and bank some coin – I am still jumpy from action the past three weeks, but again, making decisions based on what the market sentiment is showing versus what I want to do emotionally AND weighing the risks and trading accordingly
Looks like I sold NFLX a little early, but definitely like this overall action – thanks for the guidance through this market rigamarole, OA
Nice work, I sold most of my NFLX as well, unfortunately I was long Puts. Great marketing by Netflix, calling themselves exclusive to “pay TV” instead of “premium channels” that most people call them. They’ll probably hook people into thinking that Disney movies won’t be on pay-per-view TV anymore.
$TNA was at one point last week a $2,500 loser for me, but is now a $700 winner because of today’s run up. My bias is that we grind higher during the summer, so would you guys let it ride?
I would never close a trade for a $700 profit that I was willing to lose $2500 in. That makes zero sense to me.
Unless that system was 80% accurate.
Pot odds
GOOGL looks like it wants to run…well, run more
the troll indicator is my favorite
I went long at 230ET on May 19th. I just went short.
This market is about to be sold with the heat of ten thousand suns.
How are you able to pick the bottoms and tops so well?
Are you suggesting I am being something less that forthright on an internet comment section?
Sir, I am just saying that this market is about to be cast into the pits of hell alongside Jeffrey Dahmer, several clowns, and Hillary Clinton’s Soul.
Dahmer converted to a Christian while in prison. Hillary is just a whore
I’m sure all the boys and men Dahmer raped and murdered will take comfort in his conversion. What else is there to do in solitary confinement than read fiction like the Bible?
Just assumed you were a troll. If you aren’t, I apologize.
You have to know that it would be nearly impossible for me to guess what your definition of a troll is.
That being the case, you might be attempting a clever little troll of your own here. Bravo if so.
lol
Bios look good here. Down trend being broken
anyone on this blog not a faggot that will snap chat this for me?
I ain’t payin for that shit nigga
Wow you are a true gentlemen and we are all stupider each and every time we make the mistake of reading one of your idiotic comments.
that was a fake using my name. sorry for that idiot
Looks like people were not invested here – still really quiet, especially for a trend day
Blame it on The Fly….
FIMO will come into play at some point soon which will catapult us thru another layer of resistance. Couple names already attempting to push thru the highs of the day (AAPL, SQ) —
I think The Fly is working a specific angle for an experiment that seems to be working and beating the market, but it is boring. I think it is showing discipline for the thesis he has put out and he is sticking to it – if it beats the market and is repeatable, then he really has something
Was about 5x into that, a good day. Economics said no recession, we had a technical bear correction, sentiment said oversold… and OA said buy
TWTR looks like it has resistance from last week to work through around 14.15 Not sure if it is going to be able to break through here
Patience– you have 1) price rejection below all-time lows coupled with 2) above average daily volume.
At least wait until the end of today before reevaluating. Investor Day tomorrow is only wild card that could upset the apple cart.
I am holding – minimal risk here for me (which is why I took the trade) Just looking to see where I should expect resistence, which is right where I expected it to be – still liking the action here
Holding $NMBL June $7.50’s. Earnings tonight. I’m 0 for my last 2 holding through earnings, so the law of averages would dictate to hold, right? My ability to guess has to revert to the mean eventually.
SCTY clawed back much of the loss from today – looking pretty good –
Added $RIG to long term account today (1/2 position).
And added $TNH to my 2-3 year account today.
Nice call OA. Holding my longs here looking for another leg up. People that sold in May will be piling back in by June. Only then will I sell some off the top.
This move is no joke and has to be respected.
covered my Oil short +.46 Went long ANGI this morning at 8.79
I’m holding my $SCO because it still looks so darn pretty, but less confidently.
So one thing about NFLX (it’s obviously got the retail investor’s eyes + the momo), but this is the third unfilled-gap-up day in a row. I don’t daytrade, but that seems pretty rare. Can anybody recall another stock that has happenned with (not penny stocks)? What was the outcome?
Never mind, lookd like NFLX has done it before….
Multiple times in last 2 years, same pattern of price prior to the breakout as well.
Thanks for the reply. I decided to download the data and test it, and found it once did that 5 times in a row (up 20%) almost exactly 13 years ago, but then dropped by half over the next 4 months when they missed earnings
SO come back in a few months?
No, to short? I thought you were short for this ass ramming?
To gloat? Nah, that’s not my style. But I will stop talking about NFLX, becuase I’ve pretty much made my views known (repeatedly) and I’ll let the market continue to do the judgement on this one.
I was
http://ibankcoin.com/option_addict/2016/05/24/breaking-balance/#comment-84444
I thought you meant in a few months when the market realizes that a PE of 337 is probably *just a tad* too high.
Of course, that depends a lot on whether you or Fly is right on the market direction, rising tide and all
Who cares who’s right. We manage our own. Nobody keeps score. That’s why I don’t read your opinions about everything. It doesn’t matter. Hope it makes you money.
The problem was I got greedy and overconfidant – the exit signs for NFLX lit up over the last several days, but I didn’t pay attention, because I was looking for ~$70
I just meant that if the market tanks, NFLX goes below $80 again. If we continue up, NFLX will hit $110 minimum, maybe test $130 again.
Who finishes the week higher – AAPL or NFLX?