I’m accumulating positions in China stocks. I’m becoming obsessed. Like I was in July-August of this year.
Check out these charts. See any you like?
One of my 2017 predictions is that the Bull resumes in China next year. Last time I predicted that was in 2014 and the Shanghai ran from 2000 to 5200.
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You pronounced “gyna” wrong.
Hello Jeff,
Wanted to say something to you before we close out 2016. I wanted to apologize for my lashing out toward you on picks that didn’t go the way you predicted at the timeframe you had in mind (but most of them did indeed go up eventually in the end). I was being an asshole because I wasn’t getting traded right, truth be told. My actions in market not your fault as you are clearly one of the best technicians out there as is evident by the history of your setups over the years. You’ve spent countless hours on your craft and have been generous enough to share it here on your blog for the public to see…bare naked and always ahead of the trade and not after like so many others do (including myself).
Thank you for all you do and I hope you’ll accept my apology. I vow never to be that person again and to shut up and learn from you and those like you who are a level above the rest in this game.
Happy, healthy and prosperous new year to you and your family and everyone here at IBC.
“Ragnar” (btw…used the alias because o loved watching Vikings series on History channel)
It takes a big man. Thanks for the apology. New leaf next year, thanks for the clean slate.
Thanks Jeff. Looking forward to it!
TWLO time boys
Really liking MPEL down here.
HLF above 49….
There it is, lockup volume in TWLO +10%.
ChiComs look ugly here. I’m waiting for better prices. Trump is going to rattle their cage and hurt their feelings, then we’ll see some action.
MTCH looks enticing. On the China side, BITA and NTES leading the pack.
Love YY… NTES always has capacity to scream up or down. But agree with MSGT.. have to see what Trump has in mind. One errant Twitter can play havoc with stops.
Looking into the oil patch and sand plays, EMES has good consolidation and has been a laggard compared to HCLP and SLCA – looking for an entry here for January
see also, $SD.
That is some nice consolidation….
Holy cow, Sandridge is back from the dead…
Bought some 2017 July BABA calls. Bullish on China, but headline risk with Trump concerns me, so want some time for it to play out.
Tempted to buy BIDU. Look at that support here.
Yeh looks like 190 could easily happen in 2-3 mo
yeah – I thought that a month ago too…..it is a good place to take a swing though
Jeff,
Disclaimer: I dont know shit about TA, but some of those charts look like descending triangles rather than the falling wedges that you like. Take BABA for example; that triple bottom makes for a flat bottom and thus a descending triangle to my untrained eye. Would you mind showing me my error?
Also, Love the Bootcamp recordings so far. I’m only on part 3, but I’ve picked up that sentiment is a strong theme. Ive notced that you reference AAII and cash on sidelines and Bod A surveys as sentiment indicators. Are there any other more real time sentiment indicators that you like? Thanks for everything bruddah. Merry Christmas, Hannukah, Kwaanza to you and the Fam.
Equal lows needed for descending triangle. Lower lows = wedge
Thanks for the feedback. The sentiment indicators you mention are mostly what I use. I’m good at sensing mood in general as well with those I talk to in the professional community.
Hi OA, in regards to sentiment, is there a good metric or report that produces a gauge/snapshot of cash on the sidelines? Thanks for the help in advance.
Just the stuff I’ve been posting.
Roger that. Makes sense. Thanks Jeff.
Modest Mar FXE call position/ USO Jan put added. Going to add more BIDU Jun calls and start new position in BABA soon.
Jeff,
Thoughts on YRD? Chart looks wonky but maybe the last 4 mo was consolidation?
Yeah, not sure about that one. There are others I’d prefer first.
K cool thanks
Jeff, no concerns about Trumps appoint to trade vis a vis your China trade?
I’ve done better betting against the media bullshit this year then caving to it.
right on. if you were to use options here how far out would you go?
No sooner than Jan, no later than Feb.
Well, it all depends if this is just for the next pop, or for a continuation of these trends. There are some I’d favor longer term (CTRP, SOHU) and some I’d favor for just a pop (YY, JD).
thanks, and cheers (extra Dean Martin) Have a wonderful holiday!
Hallelujah! Heed these words
Ramping up for another run…
GDDY, MBLY, LSI, the WB, ALNY
Looking at stock swing trades in ILMN, SGEN or AVXS, HALO, NKTR, BLUE.
Putting GILD and/or AMGN in the retirement account.
Stalking some under $10 setups: LC, FRO, MT, CHK, AMRN, CLDX, VALE