Not much to speak on this week, as we’re coasting in for a grind til later this week. I haven’t traded much, I haven’t said much, I’m just here observing a whole lot of nothing.
On the day, I found the $IBB move pretty interesting. This is the 4th time we’ve tested this lower trendline this year, and we continue to see reactions off it. This range is still wide enough to stay pegged here into the election though. I’ve still got a few positions, as well as some $CNCR I picked up for an investment last time we were down here. I love the way those components trade. In fact, those are really the only ones I am interested in.
Everything else looks the same. Thanks for posting the ideas in here this week. I love that we’re slowly getting back to that.
OA
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OA…you are in $EVEP still, correct
Yep
I got into that $IBB about $0.80 higher from here, but the daily action looks amazing at this spot.
Did you pick up any fertilizer? I am long $POT under 17 and Sept Calls. I may add more on dip. A solid close on the week and good to go, I think, although still work to do overhead between here and 20. (I almost followed OA into $IPI. Nice one.)
OA – opinion on PACB? I got in that thing a couple of weeks ago but the break on Friday has me thinking it is broken, would appreciate you less emotional and more logical opinion.
I’m still there. Can’t say broken yet.
BTW, sure like VMW here… pattern and profile
VMW is a POS but go ahead and buy it based on a chart, see what happens.
Disclaimer: I am a long time VMW hater, you can check this blog over a year ago for my analysis. Nothing has changed.
In July 15 XBI 49 calls at close
Quiet zzzzzz. Any expecting Britain to pull out? If so, do you have any positions to take advantage of that?
Market will go to shit for near term if they do. today is pricing in a stay it seems
pulling out is difficult.
Better safe than sorry