MARKET WEDGIE

Most everything I am looking at is on a slow drift lower here intraday. Technical structure is still good here, but as mentioned this morning, no market expectations for the day. However, this action bodes well for Monday.

I’ve tried to tighten up next weeks watchlist, but I think I’ve already identified my favorite candidates for next week.

If you have any ideas you want to share for next week, throw them out.

OA

Shares of $TWTR  spiked on news of Shiny Steve disclosing a 4% stake in the $TWTR.

Now if you’ll excuse me, back to today’s effort to pin the $30 call holders.

OA

I took a position in $CYOU this morning. Love the theme, love the technical structure.

OA

I have no expectations for the market today. Read into it all you want, but this week I wanted to see a consolidation of last weeks trend. Done.

As for today, as many have already pointed out, stocks will drift off into round numbers today.

I missed my shot in $LULU and $GS yesterday and I am starting to see that good trade location is getting noticed. It seems that in some instances, waiting too long means you are missing out on the best R/R.

I’m in the process of lining up a few trades today, but on expiration Friday, you can afford to be patient. Everything ought to be pretty slow.

What’s on your radar?

OA

The $SSEC is starting to explore higher prices tonight. While this chart doesn’t track the profile correctly, there is a nice pocket above these prices as outlined below.

Conversely, there is quite a bit of support at 3000, which is where we bounced, as seen below.

This structure was why I called for a new bull in China back at my Jan 2014 forecast.

Stocks might like this tomorrow, FWIW.

Last call. Hear me out.

I’ve been watching this particular market signal develop for several years. This is why I’ve been able to call every turn, fluctuation, thought process, mood and price for going on 6 weeks now. You are fucked in the head if you don’t think I’ve planned my trip higher in this as well as my exit plan in two years as well. You’d be silly to miss out on the opportunity to hear it all.

There are simple things you can learn about what market conditions are telling you, and how to contrast them against former market environments. I used to present for a living and can teach you a lot with a days time.

Get to the conference. This will be my last call to action as I have to put together finishing touches on the content. Here’s the day’s lineup.

• Understanding Market Dynamics – How to gauge speed, correlations,patterns, and direction.
• Past Versus Present – 2014 vs 2015…What Did We Learn?
• Market Rotations – Finding the Next Explosive Move in Stocks
• Trading through Different Market Conditions – A fast and slow portfolio
• Trading for a Living – Here’s How We Did It

Email me ([email protected]) or call me(e-mail me for my bat phone #) for reasons why you should come.

For those that will be in attendance, looking forward to seeing you.

OA