I’m betting on the timing of this just based purely on the series of events leading up to this big decline in Twitter over earnings recently.
As you may or may not know, I took out some March calls on Twitter yesterday. That timing looks to be ok.
It’s been some time since the “for sale” conversation took place. Since then, Twitter has languished near its all time lows.
Going into earnings, I loved the last minute upgrade. It allowed some big players to unload the stock before it got bludgeoned over earnings.
Prior to earnings, I discussed Twitter being a great buy once it broke its trading lows of $16, with a target buy range of $15.50-$15.00. I figured that move would be the ultimate move of discouragement, and would surely encourage anyone holding stock to give up and accept defeat.
Today, Twitter is trending stronger than most. It’s clearly rejected that breakdown, which has become such a great trigger to enter trades.
Very bullish on this set-up and sentiment, at least in the near term.
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I bought more on the backs of your prior post. So far so good boss.
Nice my man. Just seemed like a perfect hate sequence.
you’ve been money. thx.
Impressive.
Weekly chart may be indicating an ONVO buy here or pretty damn close. Anyone have any thoughts?
Equities breaking out, bonds down ~3% in 5 days….. more risk-parity bullshit ahead mayhaps?
How so?
The TLT-SPX, TLT-INDU, and TLT-NDX spreads hit new lows today: http://stockcharts.com/c-sc/sc?s=TLT-%24SPX&p=D&b=5&g=0&id=p07851963413
Those risk-parity funds might have to rebalance sooner rather than later.
Why was this thought of? Has that spread indicated rebalancing at these levels before?
Those spreads are down ~12% from the last rebalance, which was roughly 2 months ago.
The last rebalance happened after a similar ~12% move. That one only took about a month though.
I can’t claim to know what their threshold levels are so I have no idea how “real” this is, but it has me cautious. Here’s my shitty analysis: http://imgur.com/a/h2VzE
I think its going gap down tomorrow. Am I learning well?
You’ll find out tomorrow, eh?
Holy shit I made it alive.
You are losing your fucking mind though.
eh
Got that potential TSLA reversal candle. Buying dried up after early morning flurry. Anyone taking a short stab here?