I’m as bullish as I can get on China here. Take a look at intraday charts on any names such as $SINA, $SOHU, $BIDU, $JD, $WBAI, etc. Very bullish flag and wedge patterns developing over the last few days.
I’m also very bullish on biotech next week, as discussed in After Hours with Option Addict. The $IBB has some pretty decent balance here at these prices, and has been a laggard of this rally, IMO. Rather than post a bunch of charts in this post, I’m going to summarize by saying I’ll be starting some call positions in $CELG and $KITE by EOD.
I’m also loving the 1998 analogues being thrown around on Twitter today. Makes me feel pretty validated for spending the last couple years explaining the consistencies, correlations and predictable outcomes.
Have a good one,
OA
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way 2 go
Well done, always great to have hard work pay off.
Sold almost all my July 29 TLT puts for a double.
Still long GDXJ puts not working so well but have some time.
Really, really like that KITE chart.
OA – Any thoughts on SAGE?
Covered $SPY puts – small profit
I hope you still have that basketball Jersey with ’98 on the back 😉
That was the gay Collins twin when he played for the Nets.
Fight that man and commandeer that Jersey, it’s yours. And, for the last few months, I have aligned my personal accounts and 401(k) for this exact moment, thanks to your tutelage.
Good move my man.
Yo Harper – you still alive and kickin’?
Like a cockroach chuckling after a nuclear holocaust, I’m still here.
Let me know when you come down to Philly and we can grab dinner.
yo yo yo
Think you’ll like ACOR and DQ too.
Seeing a lot of nice biotech setups — on a side note, apparently Eggo Waffles now cure cancer.
they sure have been lagging. catch up makes sense.
shut up.
blah
OA
$BIIB has earnings next week. Thinking this will push $IBB near the 300 level. But yea, the opposite can happen too
I have been stalking JD for months. My favorite stock. What would be the best options for a long term position. BIDU is my second. Are you stalking august options?
Why do you like it? Chart setup? It’s Losing a shit ton of $$ and seems like baba dominates
OA,
Any thoughts on $ERJ?
Short/long term? I like EM exposure here.
OA, Hope all is well with you and your family Sir, this is so your kind of market. $BIDU looks silly bullish indeed. Do you like any of the big oil names here like $CVX $XOM ?
Really like $COP. It’s lagged a big, and could offer a nice breakout soon. Trying to get back into oil this week also.