I’d like to take a moment to pay my respects toward stocks. New all time highs in the $SPX today. The Dow is not too far behind, and the others will follow. The last two years have been some of the hardest I’ve ever faced, and my confidence never wavered on what lies ahead.
Pain from here is obvious, but what I’m most interested in is when the defensive positioning turns back toward risk. Probably makes sense to start tracking risk baskets to see at what point traders start to let their guard down a bit and get more aggressive.
As we start to trend here, some of the methods we recently went through in the stock picking Boot Camp are going to help you see a lot of these rotations as they set up. Most of my posts from here on out will be focused on that. Trying to identify opportunity in advance as always. I won’t speak much on the market anymore…but will let others do all the heavy lifting in that department.
From here, individual ideas, charts, and hopefully more interactive analysis.
OA
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OA – What are your thoughts on BITA and LEJU?
I like that $LEJU. Don’t they own a bunch of $JD? Or another company?
No idea. I doubt it though because one is real estate and the other is like Alibaba. I think EJ owns them and EJ is going private.
Do you think BITA is a no go here? Looks on verge of a breakout.
Why won’t gold and miners drop then??
“Then?”
Well gold is somewhat a safe haven trade no?
Did I not say the market is positioned defensively? Does your question have anything to do with stocks?
Ok. Gotcha. So expecting a drop in good soon hopefully
No! What the fuck are you talking about? This post said nothing about Gold.
Also remember that gold is bid globally as a commodity and other countries are not as stable currently – gold is a hedge against instability (uncertainty, government, aliens, etc – pick your favorite), so just because gold is going up may not be a reflection on what the US market is doing. In fact, right now, money flowing away from other countries into the US may provide a huge lift to the US stock markets
Anyone in CRNT? I have owned this for a while and it looks like it might actually be waking up finally.
KMI looking very interesting, August paper inexpensive, but earnings forthcoming
AA always sux earnings….but has a different feel….weekly 11s for a yolo
$CENX has been hot as a pistol too.
X isnt laggin
I talked to a guy at my titty bar last week, He sells machinery parts to steel melters, He said they are salivating over a Trump win,, not only tarriffs but full out bridge and infrastructure. he said NEU is best of breed ASK sux…X is updating its Gay IND base….interesting stuff
Well, LCI left me behind. Hasn’t entered the gap yet but sitting right on the cusp. Searching for some new ideas atm. Maybe AKRX, INOV. Shame HRB is HRB, that chart is quite interesting.
was Brexit the shake-out to start this new big wave up?
Yeah, it was.
$TWLO calls here for July
For me this means rotation from VTI into VGT, VWO and VBK.
FANG is now FAGT: FB, AMZN, GOOG, TSLA,
Do you like $IBB $UAL here? Holding weekly calls, wanna get your perspective
Not great action points. Chasing yields losses, IMO
oil looking mighty intriguing if it can get close to a retest of 40. now just to find the best stock to play it.
anyone else play SVXY?