There are great things developing today. I’ve had a constructive pulse on this market for the last year and have a road map developed and ready to deploy in next weeks iBC Q3 BOOT CAMP.
For those considering attending, we’ll be meeting Monday-Friday next week at 7PM ET (Wednesday 6PM ET). If you cannot attend, but are still interested, each session will be recorded in its entirety. Each evening you’ll receive an email with instructions on how to download the session video, which is yours to keep. PDF’s will be emailed as well.
Here’s the schedule, and each session will include a Q&A following the presentation.
Session 1. Analyzing the Sector Rotations of 2016 and What to Expect Heading into the Fall
Session 2: Beyond the S&P: A Look at Global Markets in Turmoil
Session 3: The Scariest Charts Heading Into Year End
Session 4: Will Silver and Gold Collapse This Fall or Continue to Shine?
Session 5: My Single Best Idea for Q3, and How the Elections Will Affect Your Trading
The things discussed will give you a good road map for the forseeable future, and will include a discussion on what an actual market top will look like, for those of you still waiting.
I’ll discuss my trades as well as a watchlist in After Hours with Option Addict.
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Nice one twlo.
TWLO has support has some support at $48 – thin going up and thin going down…
Your comment bottom ticked it…just saying
It wasn’t the first time, and won’t be the last!
bitch2you has a magical touch.
its uncanny!
Welcome to the peppercorn rally – just a nice slow grind
Friday flush.
With TLT negative and GLD $20 off its highs, I would be a buyer of any breaks below today’s intraday lows.
Long $PYPL Sept 2 calls of the $38 strike .32
bot NFLX 98 calls YOLO .1
I have the 97’s going off today . Good luck my friend
booked the $NFLX weekly for 100% not sure how but I will take it.
Congrats. Go buy something nice for the missus….
Went long $LEN for some longer dated calls. Unfortunately my latest crush, $NMBL, is in the crosshairs here. Will have to close it out without some major recovery into the close.
Out $NMBL for a small gain. Weeping. But I took a look at all of my positions and that was the one with the worst structure, and I need to start trimming as I’m right at my outer edge of exposure.
was that you that crushed the DG put trade?
Yep. Trying $cpb this week.
If TLT breaks today’s lows, there a green light to chase intraday breakouts. BABA NFLX TWLO – top plays
Game on!
WDAY next week’s 85s below yesterdays low (82.49)
Bot TWLO shares
Looking to buy myself but would like to see it flatten out a bit
flatten? you have seen the chart over the past month, right?
Just referring to the last 2 wks of July where it went sideways
Man today’s action too good to pass up. Picked up some
kidstockibc,
what’s your take on biotech here? I enjoy pain.
Wait, why?
Haha, looking to see if anyone thinks bio has bottomed.
nope
Were you looking to get back in? Just curious.
yes, after seeing yesterday’s afternoon bounce.
does this mean you are selling? haha
Are you paying up from where you sold? Just curious. Meaning willing to buy higher than you sold at.
Correct. I sold around $36 or so yesterday. Still haven’t pulled the trigger though.
I’m on the sidelines right now.
I rooted on IBB this morning and when 287 was hit, I took it off the screen knowing the boys were locking in their win.
Of the ten stocks I am focused on, none are biotech related — sorry no opinion here.
FB sep 30 128 puts
CMG strong like bull
Closed out 1/2 my position. Really like this one to blast off at some point to much higher longer term
great position to have in a day of red. I am watching my FIT and GPRO calls being washed away by the unrelenting waves of expiry Friday.
Yeh very strong today. If we get a pullback looking to buy Dec ITM calls
did Fly put the touch of death on gold?
Like what FB is doing today, may try for some calls for next week
wasn’t supposed to be a reply to you bchu12
Yes, he did.
I bought a few next weeks UVXY calls
@OA you shopping at all this afternoon or waiting?
Booking a couple gains to take a couple losses. Doubled down on $TWLO at the lows today. Lucky.
Adding to a couple positions too into the close.
FB worth a try here today? Need your magic eye
Would $LN be one of the adds you may make. Seriously contemplating averaging down my Sep 47.5 calls
I wouldn’t call it lucky. you’ve had a strategy on that name from day 1 and sticking to it. nice win on the double down so far
TLT weekly reversal could get really ugly if we break thru 138….GLD gave back 20+ points. Appears the Great Rotation out of bonds has begun.
What’s yr take on everything selling off? I could imagine GLD selling off but didn’t expect TLT to do so also
Institutional flow out of fixed income has / will continue to prop the equity markets. We might chop around next week but I do not foresee much more downside from here. 2140 max downside.
We are transitioning to a market where QQQ is replacing IWM as the market proxy. In fact, I swapped out of small / midcap fund into large cap fund this week.
Let’s see if Ramp Capital will make a late afternoon cameo.
WDAY grinding back. Good spot to buy some calls for next week.
Agree with the first part – once people start pulling cash out of bonds, things are going to get sporty
Why do you say QQQ is replacing IWM? I am am still getting great gains in my small cap funds (in my 401K) and don’t see a reason to change – looking for small caps to play catch up here in the next 6-18 months.
Institutions need liquidity — hence their preference for AMAT BABA SBUX over FIT OCLR RH. When retail investors return small cap names will come back to life. Squeezes will be profitable however not all rallies will be sustained – stocks like GPRO and FIT might be teenagers for longer than many of us thought possible.
Ramp Capital — thank you!
my grid (16 stocks) looks the most similar it has in a while. The exceptions are $TWLO, $SFUN, and $OAK. But the rest have a similar look to them.
$PYPL constructive into the close
Got into PYPL as well, looking long with it.
An hour before the close, I sold $WDC for a gain, $ZG for a small loss, and scratched on $GPRO.
Used that to add to $ATHM, $SFUN, $WDAY. Added to one $TWLO position at the first LOD, added to my second position at the second LOD. Hope she’s a steamer.
I’m a little surprised to see the $wdc sell. It looks like it’s breaking out of the recent consolidation to me. Are you seeing something different? Or just making room?
Just consolidating space.
If you’ve got an hour to kill this video is well worth the time. Documents the study of drawdowns in the S&P 500 Total Returns Index over the last 180 years. Found the link on Peter Brandt’s blog, offers some great historical perspective. He also breaks them down in relation to significant events such as the Great Depression and WWII.
https://www.youtube.com/watch?v=27x632vOjXk
Some highlights:
– Using the high water mark of the index, an investor will spend nearly 80% of the time in a drawdown. While also spending nearly 45% of the time in a severe drawdown (> 20%).
– With this amount of time spent “underwater” it leaves most investors in a constant state of regret, even when they are in good investments.
I really like terming it a “state of regret”, sounds like what happens when traders are constantly trying to sell the high in something that should be allowed to let run and trend. “Would you sell here???” Haha. Gives a lot of historical support to the idea of the “win big/lose often” system for maximizing gains to survive those drawdown periods.
Also adds to the idea OA preaches about not mentally bookmarking gains. If you constantly do that, then you’ll almost always feel the state of regret and a need to act when the market makes a slightly uncomfortable move. The video is talking on a much larger time frame… but the lessons are still applicable shorter term.
I know I’ve struggled with these issues, so some long term perspective was helpful. Hope it helps some others.
OA – Any thoughts on $PI? Another IPO with a great looking short term chart. But no options, and earnings after the close Wednesday.
http://imgur.com/dIvZ2Pl
Love the LTF. Great action off balance here.
FIT gapping higher on new products…over 5K of this week’s $15 calls traded on Friday so it appears someone knew what today would bring. Looking for a move to $18…long $16 can all’s expiring 9/2