So much to say here, but by now you’ve seen and heard it all. More importantly, those that spoke out so much on the outcome of pending events are now in quite the predicament.
I suppose the top FAQ I’ll get from here is… “Hey Jeff….should I chase (Fill in the blank)?”
Biggest things to point out are the leadership breakout in transports, copper and financials. For the second phase of this years rally, those are still early cycle indicators. All things I headlined in my last boot camp.
Speaking of which, I’ll be doing one last boot camp for 2017 in early-mid December. There are a lot of details about next year that need to be sorted out. This is where I’ll put out my 2017 predictions and such. More details to follow.
For now, I’m nibbling on some of this tech selloff with $GOOGL. Booked gains in $CARA and $CVI and stalking $WYNN.
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Is AAPL due for a bounce here?
I think AAPL can go down to $100 – 102 before it recovers Look at the corollary back in Jan 2014
Took gains in $CARA as well. Should have listened to my advice to sell the election in pot stocks. Gave away about a buck in $CARA, but still yielded about 30% in a couple of weeks. Looking to exit $TRTC here this week as well.
Finished off my $TWLO position here at $31.90.
Good idea to book gains here
What gains? You said best to be in cash.
Tech is toast
How can you say that? Tech is still going to continue, and there are pockets of strength in tech (cyber being one area). What you are seeing is rotation into other areas, so naturally, money is being divested from the names that have been safe over the past two years in search of greater returns. At some point money will come back to tech, but the landscape may not be quite the same.
you took the bait
nom nom nom
I agree. But rotation has to be coming from somewhere. I don’t get why tech is getting so hated either
It’s not hated, it’s overowned. If you’d watched the market at all this year, this should have been obvious.
Yup. More downside coming
Hi Jeff, hope last week went as smooth as possible. Quick question for you, what do you mean by early cycle indicators in regards to transports, copper and financials? Thank you in advance for clearing this up!
Take a sector rotation map, and “early cycle” stuff will be at the bottom of that map.
Makes sense. I appreciate the response.
OA,
been holding some DB 14 calls for Fri for a while.
would you take profit here or walk them into expiration?
I would until it stops going up at least.
thanks pulled the plug +300% looks like its stalling here
Stalling? At days highs?
it did earlier .. I’ll leave some money on the table for someone else
Gold is trying to rally here with the dollar “weakness”
Baffles my mind that BABA is getting destroyed when so little of their business is US dependent
BAC staying elevated, while other banks giving back up some of today’s gains.
FANGs getting smacked.
well, after the sideways market action where the only real gains for companies people had heard of were for FANG and AAPL, you would expect a large amount of money to be parked there for by fund managers and retail investors alike. It was a safe investment (coast is clear, time to buy!)
Yay protectionist trade policies! AKS to double digits! 🙂
You’re so right. Trump is Making America Great Again and he hasn’t even started yet.
Hope some of you got in DRYS because I sure didn’t…
(may be) good for you.
DRYS just reverse split 1:15. Before that, this turd was trading at like 50c and was on a way to BK. Instead of fixing the business, they decided to play games…
I would not be surprised to find out that recent advance on huge volume was all bs, some scam or ppl gearing up for huge law-suits (only shareholders can sue – hence the buying just before BK)
Anyway, there are plenty of good shipping companies, selling for close to nothing: NM, SBLK, SB.
Or you can just go for legit transports like KEX or MATX
but I am staying away from complete fucking frauds like DRYS… and you should too.
jm2c
I know you’re right but DRYS is ridiculous.
Mr. Market is Pacman, coming for all the equity burritos.
back filling in order for the Russell or is this going to start the slow grind that won’t let anyone on cheaply?
@OA – Got long TWLO at 32 today. 1st possition. I’m expecting a ShakeShack-y-esq type rally to ensue over the next 3 months to somewhere between 48 & 55.
Just remember that there is a lock-up expiration upcoming in a few weeks. Keep that on your radar. It may be a non-event since they had some secondaries from existing shareholders.
Any appetite for AMZN call heading into Turkey day?
Oil stocks are going to be the next group to move. My biggest position is RIG.
+1
Still holding Natty and Oil futures also but slow going at the moment. I also picked up KORS at the close $47.16
This year we found out that the market doesn’t need oil to reach new highs.
And the Texas RR Commission is working to blunt OPEC and take over control again. So far, so good.
Thanks for letting chubs sneak back in, I love the total confidence he makes calls with. Let;s hope he never looks back at his predictions.
“I always avoid prophesying beforehand because it is much better to prophesy after the event has already taken place. ”
–Winston Churchill
Guess hating FANG was so Monday.
DRYS up 1000% wow
can’t remember the last time I saw a non pharma stock do that within a wk
just stupid.
Out $WFM 400%. Bidding a couple of longer term things here as well. My sense on up/down short term (1-3 days) is pretty foggy but zooming out is more interesting to me.
My $NMBL has earnings this week.
Also if anyone’s trading $CRM and doesn’t want to take earnings risk that’s this week too.
I like this BAC pulback. Nibbled on some 20’s this morning
OA – Would you be buying the drops in BITA / ATHM / LEJU?
Why would you touch anything China related now
Because you’re bashing them
Dare you to own them