The Dow Jones extends its winning streak to NINE consecutive days. Haven’t had one of those since March of 2013, when the market “broke out” taking out 2007 highs.
Good day,
OA
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Joined Aug 2, 2009
1,847 Blog Posts
Consensus is oil is capped at $50 right?
Great pic and reference
That’s jinx talk.
I’m so pissed I didn’t go long $LABU after Tuesday’s flush out in bio.
Yeah, especially when I handed it to you. Tough pass.
I pulled an Earnest Byner?
Thoughts on biotech here?
I said to buy biotech on Tuesday. Add into weakness.
Hi OA, are saying that this move in biotech has enough legs and run way that with a possible pullback later today or tomorrow, there’s still enough meat on the bone to eat? Thanks for the insight and awesome calls recently. You’ve got sentiment nailed down.
This move has a lot more legs. Participants are no longer playing defense, they’re starting to play offense.
Thanks for the response and insight, always appreciated.
OA – are you doing anything with /CL here?
Been reading a lot of notes from traders saying oil is capped. Consensus seems to think oil doesn’t move much higher.
KITE looking to be breaking out today.
ADMS has a very sweet chart if you are looking for a Bio.
How I pine for the days of oil volatility……
I’m suffering from portfolio fade today – opened up pretty big and now basically flat.
But…. BIDU is green, lol
Pretty much everything I’m holding is putting up a nice candle today though. Printed a higher high early and not lower than yesterday… just making observations on a lazy day
Oil looking a bit scary
Contemplating buying my fear. What are peoples’ levels to watch here?
Alright fuck it. Long /CL at $44.94. Let’s see if this thing can rally again off this level. People have been buying it down here but it needs to pick up soon. Stop out point is close so fairly easy to manage.
Crude at least for me always seems to make things more difficult than they initially appeared. In XOP here but need crude to break out of the wedge.
At least CL is close to the bottom part of the wedge so stop isn’t far.
OA
would you chase $QCOM here? Also, is this a good dip for $UAL ?
Great call on $IBB, the precision of the timing is really good.
Nope, but I’ll sell mine to you that I bought yesterday.
Sorry, which stock did you mean, $IBB?
One last question. Bought $AMX monthlies. Do you like it?
$QCOM, that was my earnings trade yesterday.
Just wondering about the concept of rotation from quality to momentum etc. and wondering if it applies to “safe” asset classes too? As such, as money rotates out of TLT, would some of it go into Gold? I tried to cut and paste a chart comparing the TLT against GLD but can’t do it here. Essentially there is a good correlation up until 2000 then major divergence until this year, now appear somewhat correlated. Any thoughts out there?
Sorry.Correlation seems to go to end of 2013.
Looks like I am probably wrong on oil if it can’t bounce down here. Wedge pattern prob means $43 is in play first. bummer
In this context, its hard to catch moves from the middle. Look to see if crude rejects a move to a new low.