iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

TRAPPED BOND BULLS?

If you’ve watched the action in $TLT lately, $TLT has been bought into the last few gaps down.

This makes continued gap downs hurt even more.

Why does $TLT gap down into last weeks breakout?

Well, there’s a lot of trapped money in that market and the rotation into bonds in 2016 was off the retard-scale.

If this $122 in $TLT fails, she might get fast.

 

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35 comments

  1. shawnji

    $ATI ripping, watching from the sidelines with no position.

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  2. al

    Thoughts on RUN? Looks like it’s setting up some resistance and ready to move higher.

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    • Option Addict

      Buying a solar stock at resistance sounds like fun.

      For something that only goes down, isn’t lower entry more beneficial?

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      • al

        Hahaha. Thanks OA. truthfully, I’m in the stock already and hoping to recover some losses.

        I miss the days when you liked buying solar stocks

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        • Option Addict

          I’ll like them soon, but not until I go a week without being asked about one.

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        • PartTimeLover

          I miss them solar names too- so much so I happen to now have FSLR calls

          https://www.screencast.com/t/oGouxcVc

          the indicators are indicating … …. indicating… they are indicating something.

          divergences are in the rsi- OA buy signal is coming out of oversold , PctR out of oversold – but most importantly the macd is doing something- I have no idea what it is doing- but Jeff knows.

          EPS is late May

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          • Parttimelover

            Well zippadee doodaw out of half. Riding free with the macdeeee!

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  3. Rough Lcky 11

    you tha man on your calls OA wish i had the funds of Trump or Buffet where i could play them all and the patience of Job to stay in the stock

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  4. Scoots McGoots

    SF has such a high employment rate, companies can’t even fill positions anymore. Too many open jobs and not enough people. Yet I see so many people out and about during the day. I think they have “jobs” they just aren’t doing much. Kinda an French feel to it. Like you’re shopping but at the same time you’re working you know?

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    • Option Addict

      I know all things of which you speak. Times are getting less bad when you are shopping and working at the same time.

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    • mooby

      Then why aren’t folks flocking from TX to CA? Right now its the other way around.
      600,000 Cali’s moved to TX in the last 10 years. Something smells fishy in Denmark.

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      • Option Addict

        Maybe they were thirsty?

        I’m moving back to CA. Feels right.

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        • mooby

          Cali is nice, my Uncle has a home in Rancho Park complete with pool. The weather is perfect, the women are beautiful. But there is a disconnect somewhere between the beauty and folks leaving, dumping into AZ, NV and TX. Maybe they think the quasi-hip, small town Austin scene is more family friendly.

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          • beechoo

            very few people can afford rancho park with a pool. haha

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          • moonshot

            I’ve seen lots of write ups of what it costs to live in the Bay Area. Unless you cash out of a startup at some point or have e trembly high (for that area) income, it looks impossible to raise a family there.

            Texas? Just a tad more affordable, no? Still plenty of sunshine, and drastically lower taxes.

            Of course I speak of these things never having lived in either state, but I’ve spent time in both and certainly have considered a move.

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      • Parttimelover

        I live west of RP where the hot women are looking to move on and in with Uncle and then move him out in about ten years.
        Most likely many of the movers are Texans returning home after being ground up by the biz. Probably took a few hundred thousand of other interlopers with them. I believe Steinbeck referred to them as Okies

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  5. tonka

    Great call. Getting fast. Glad I stepped aside and watched. Being consensus rarely works…unless we’re talking about that which shall not be named.

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  6. al

    Too late to get on the PYPL train?

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  7. Rough Lcky 11

    AIG,CRC nice pop making moola

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  8. heisenberg

    Jeff, just curious as to your target price on GS given recent action? Could not nail the entry few days back but still watching you from the sidelines. Thanks.

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  9. ThomasJefferson

    I have no idea why I decided to buy an extra week on $TWTR. Thank God I did. Closed it at breakeven. Rolled the proceeds into a short $CIM. Went long $BOX. Incredibly luckily entry by about 1 min compared to current prices.

    Also looking to short $AAPL and get long $FTK.

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  10. cascadia

    Anybody picking up $X stock here?

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  11. Darren

    Anyone look at PFIE recently?

    Wedging back into longer term support. Looks like a decent profile overhead (only have stockcharts in front of me at the moment).

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  12. dlrago8

    No idea what is going on with ACIA but doubling up here. Tight leash and I’ll let it all go if it continues down this afternoon.

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    • One-Lot

      Looks like the line starting early Nov. might provide support in the mid 47’s.

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  13. ThomasJefferson

    so let’s get down to business … are you getting Lakers or Clippers tickets?
    Buying down means you have to go Lake Show, right?

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  14. PartTimeLover

    Just figured out why LA for OA-
    It is the “Chance of a Lifetime’!

    Tryouts
    Each season the Los Angeles D-Fenders hold an invite-only tryout that takes place in September. Players that would like to be considered for the tryout can send a resume and video clips to [email protected] but please note that space is extremely limited.

    Due to the volume of resumes we receive, we will not be able to follow-up with you to confirm receipt of your resume and clips or to give you a status update. We will only contact you to discuss an invite to our tryout.
    ——

    and the tryouts will not get better than this–
    https://www.youtube.com/watch?v=kZEdqZl3YD8

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