You may feel uneasy about engaging the market “here.” However, as this move pans out, it’s important to pay more attention to individual groups and sectors as opposed to just SPY. This week I have three individual themes that I think will present opportunity regardless of whether or not the market trades up or down. That’s what is most unique about these types of markets. People need to get engaged. The market becomes less of a factor to influence individual stocks. Rather, its the collective action of individual stocks that will drive the market. I think we’ll continue to see the defensive positioning rotate into some offense here as this trend persists.
The biotech sector, energy, and china internet are my themes. Most of the stocks in these groups offered slightly lower prices last week, and there are good set-ups across the board.
I took on several positions in China internet stocks already, and started on Biotech last week. This is a great spot for LABU/IBB…but aside from my $CELG from Friday, I am stalking $KITE.
I just bought back into crude here, just looking for a place to get on base.
If you enjoy the content at iBankCoin, please follow us on Twitter
Any thoughts on emerging markets?
That’s a very bullish weekly/monthly chart.
Yup. Thanks. Another sector that I think could be ready to play catch up
CTRP looking to take some here, any thoughts welcome, thx.
The entry point is tough. Been up for several days now.
Just got back to my desk after quite a while away. Finished off a great July expiry (only $EXPE zeroed out, and that was only because I got greedy when I checked price action on Thursday and thought I had a shot at a winner).
The names I’m looking at right now are $BOFI (thinking about Aug options), $TRTC (to finish off my pot lotto election basket), and $NMBL & $JUNO for long term shares. But those are all names I’ve been thinking about for a while. I haven’t been locked into things lately so no fresh ideas.
So glad you have taught volume pockets in detail – currently enjoying my August 22 calls in KMI gravitating upwards….currently a 12-bagger
I’m in September and was just debating PT for this one. My original thought was about $23, where there’s a little bit of history. But I’m looking at the air up above it and it’s not too crowded. I’m wondering if I have enough time to let it play out.
Yeah, I had $23 as my initial PT as well and will likely take 1/3 off there…..but it can run up to $27 as the next price reference. They report earnings on Wednesday….that has me slightly worried if all the good news is already priced in…but still feeling really good about this position
Man good job. I was in this thing early just with stock and got tired of waiting for it. But you shall be rewarded for doing so!
I had June $20 calls….that didn’t work out as well…got to get both price and time right…..
Set my sell at a 6x (need to figure out where the target would be on the calls with the stock at certain levels) and it hit today. Didnt even mean to do it exactly but not upset with me leaving for 6 weeks on Wednesday. Another hat tip to AHWOA and OA who is on fire as usual. Cant wait to come back and get at it. Good luck guys !
OA – looking for some mid/long term opinion on NFLX. Both 1yr and 5yr wkly coiled up nicely, would appreciate the feedback on the analysis and what your forecast for it might be. Thx!
I’m likely a buyer at the open.
OA what stocks are you watching for your crude entry? thinking of putting a little bit in ERX.
I’d probably go $ERX again I suppose. Don’t have one I totally love here. Plus, I own a bunch of cheapies.
OA
Is solar a way to play crude here?
No, I think solar is a way to play solar here. That whole space is the epitome of aversion.
Got a solid batch of XOP 38 sept calls @.63. Consolidating nicely in case oil gets its act together