Crazy to think that two weeks ago I watched a global selling frenzy rip through financial markets, only to transpire into a move back that puts us within a few percentage points of ATH’s.
Was another great week this week, and I’m hoping to see a little more follow through on Monday. I picked up some $CTRP calls at the open and am developing a watchlist to discuss in After Hours with Option Addict after the close.
Would love to hear what you’re trading today…
OA
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JUNO gets bought by CELG one day…they already own 10%..sure it may be at 2 bucks a share, but whatever
refiners look like they’re going to zero…must be time to buy
guru says 10 yr yield bottomed..take that anyway you want but if thats true, financials are a screaming buy right here
random musings is all i share…nibbled on all my ‘ideas’ today cuz i’m bored
Hi Jeff,
Thoughts on RLYP ? 47% shorts
Just make sure you buy it down. I get asked about this one in the $20’s often, but you gotta catch it in the mid teens.
Like it a lot though.
HYG tells me higher
MSFT – earnings 19 July – I bought August 57.5s
I’m thinking a weekly chart of FSLR doesn’t look so bad. I’m thinking of buying more shares.
Be tight on the management of this. Don’t let it drop too far. Yesterday’s volume has me pretty uneasy about this.
I saw that. I’m going to wait a little while before adding. I’ve got stops set @ 43.50.
DIG IN. DIG IN DEEP.
Sold some HD to bring it down to a 1% position to prepare for earnings season & the possibility that the knuckle head Fed starts talking hawkish.
Oil looks like it wants lower
Burritos and RUT leading the way.
Obviously Brexit was another manufactured pull back for us dip buyers.
NFLX
RGR +6% – I can see $80 from here.
Added to shares of $WETF a couple days ago, seems to bounce off of the mid 9’s
Been buying $insy this week
I’ve been exclusively in the metals and miners since about June 8. sometime with leverage mainly USLV and sometimes backing off like I did Wednesday by converting back to SLV. I am trading based primarily on cycles of which a new intermediate started in early June. Since we should have another 10 to 12 more weeks to the top of the cycle, I should do quite well, Now I’m waiting, with only about 45% of the port devoted to the pms and miners, to see the first daily cycle complete or determine that it already has. Thus far the port has increased by 20% in the last month.
Moon cycles?
No. Nothing so spooky. It was first detailed in the work of Bressart and it only works in bull markets. The first intermediate cycle of the new bull in gold started on 12/15 and topped on 4/29. The second intermediate cycle started on 6/1 and should top sometime in the August -Sept. range. There are roughly 2 intermediate cycles a year and a bull in gold will run at least four years. While gold is the driver, the best gains are often made in SLV and the miners.Using leverage occasionally, you should be able to get about 40% or more out of each intermediate cycle unless for some reason the bull dies.
Staring at LCI, seeing upside to 33.75 so adding to my watchlist. Also adding BBBY. Otherwise, not buying anything. Sold mor ethan half of my July GPS 21s, though. JWN 42.5s are about dead but who knows, maybe they spring back to life.
Matt Harvey out for the year. Damn
Man I’m having another great day – it’d be even better but unfortunately I got bitch slapped(!) by KITE this morning and ended up taking a medium loss but could have been much worse. Long and strong into next week
anyone going after the $JUNO blood? I know a lot of people in that space that love the company, so this might be a good spot for a starter.
miners!!! wtf!
The Russell is a thing of beauty today…
Bought CF calls this morning. Soft commodities up big today. Wheat, corn, soybeans. The whole nine yards up 2% plus.
The Fed is going to have to start talking tightening again…
The wheel from flys ark just washed up on Nags Head.
Hey Jeff what do you think about TWTR and BAC?
So tough to trade Twitter here. It’s been going for awhile.
BAC is interesting.
Thank you
S&P is about to take out 2200. Then the Q’s will run.
I’m going to short the $RUT come Monday.
When was the last time you saw the Russell lose a conviction day like we saw last week?