LUNAR TICK

Well, the super moon last night was a lock for investors to decide to sell their stocks I was told. Struggling to understand why we’re going higher this morning.

We’re running out of October days before its time to get bullish again. It seems the volatility is gone yet again, and the ultimate pain trade here into year end is for stocks to grind out the year – which seems to be exactly what they’ll do here.

Imagine that. You had a chance to salvage a shitty year, yet you waited – totally frozen. Now you have no fast price action to chase.

I see nothing on my screens yet that I like, but I am sure that will change in an hour. Only watching $BITA, $AMBA, $GMCR for now.

I need an awesome set-up. What are you watching?

More later,

OA

Put aside $IBB, $XBI, $LABU or $LABD. From here, focus on $CNCR.

We spoke about this ETF a bit at the NYC conference. Compare the holdings of this ETF against the $IBB. There is some relative strength in many of these names, as they have not tracked as much of the range and volatility that other instruments in this sector have had.

Of that list, here are a few of my favorite individual names I am shopping…

$ADAP

$ADXS

$BLCM

$BLUE

$CLLS

$KITE

$ZIOP

Congrats to the holders of $LABU. Moving forward, I am only watching these above mentioned plays in this space.

OA

$BABA has been my portfolio STD. Like a bad case of herpes. It really causes me discomfort and an occasional itch, but I don’t want you know I have it, and definitely don’t feel like talking about it – even with loved ones.

I averaged down a couple months ago, but not until this follow though rally am I starting to see the redness and swelling die down.

I have a handful of China plays on here to sell you if you want them. Names like $SOHU, $CMCM, $SFUN, $CYOU, etc. I sold $BZUN earlier and picked up some $LITB in the $2.70’s. Was thinking about some $XNET.

Got any China plays that haven’t already been lit?

OA

I have been stalking this day in this stock for over three months.

Long of December calls, of the 17th strike.

More later,

OA

Let me first say that I thoroughly enjoyed the NYC event. In fact, it was even better than the first. The participants were awesome, the venue was outstanding, and the guest speakers knocked it out of the park. Thanks again to all that came out to show their support.

As for the market, I’ve got a lot to write about this week. We’ll piece it out day by day. Thus far I am excited to see the movement in stocks, despite the flat action in the market. Keep in mind, there is so much of this to come. These are the markets that I’ve been known to murder.

Let’s all rejoice and prepare for one of the most amazing runs we’ve had here on this site.

More later,

OA

I said last week that this weeks rally would be almost as fast as the first. I apologize. I didn’t mean to mislead. This move seemed a little more rigorous and fast than I had originally thought. Smells like a chase?

Speaking of smell…does it smell of burnt fur yet?

Ahead of the weekend, perhaps you can be a good sport and let the eager ones borrow some of your shares. You’ve made a good amount of coin this last month. Go forth and be charitable. Even if you take a gain or two, do it knowing you made the right decision at the most difficult and scariest prices. If you did wake up and utter the words “FIMO,” try not to worry. There will be more opportunities ahead.

As for the market, I want to throw a question out to you. What scares you most here?

I’m doing the airport shuffle this morning, but will check back on your responses.

See you at our badass conference tomorrow.

OA