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Option Addict

The first hit is always on the house.

BOOT CAMP STARTS TONIGHT!

Thank you to those who opted to participate in this weeks event. I’m thrilled about the response its generated. If you’re on the fence, email me.

Here’s the link to sign up. We start tonight at 7pm ET.

I’ve sent information via email to all attendees. Please email me with any questions or concerns you might have ([email protected]

Aside from that, I’ll be checking in each day this week briefly. On the day today, I picked up $NTES calls and $SGY stock. Looking to buy some $YY as well.

For After Hours with Option Addict I came up with a fresh set of cheap stocks we’ll analyze and add to this weeks watchlist.

Enjoy the day,

OA

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LAST CALL, GENTS

BEHOLD!

Last call for tickets to iBC Q4 Boot Camp. I was tempted to walk you through all the uncanny predictions each camp beheld, but I shy away from encouraging you to take note of how awesome I am. I want you to realize this on your own. No better way than to get in on next weeks Boot Camp.

Even if you cannot attend the live sessions, I will personally mail out each recording every night after the session ends. You will get the slides as well.

Follow up is available to all attendees via email. Ask anyone (except Bchu), I always respond to emails.

For the session outlines, CLICK HERE. The overall premise is 2016 review, 2017 Forecasts, Sector Flow Charts, Stock Rotation and general 2017 predictions.

We start Monday. Email me with questions ([email protected])

Hope to see you there.

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OFF TOPIC, BUT HAD TO SHARE

Craziest night last night.

For years, I’ve been a season ticket holder for the Utah Jazz. We sit Row 2 behind the visitors bench, mostly so my sons can get close to the players for autographs and other stuff they pass out before, during and after the games. Golden State came into town last night, and my 9 year old was up close as the players walked off the court. Dream came true for him last night. Had to share.

@stephencurry30 is a class act for a superstar. Stays after to take care of the kids each time he visits. Despite the fact that he encourages kids to practice taking shots from the parking lot, he’s the ideal type of personality you want your kids to idolize.

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LET’S PLAN FOR A BIG ONE THIS HOLIDAY SEASON

Over the last year and a half, I did my best to give warning that the market was prepping for significant upside. I’ve been talking about 1998 style correlations in all asset classes, and they’ve all followed that outline in impeccable fashion. Most importantly, I shouted this info from the depths of major market volatility (August & February). I was so far ahead of this move that most of you have no clue what type of analysis and predictions were made on this blog. Most of you newer readers show up to wonder why the fuck I’m not blogging about what Hillary ate for breakfast or why Anthony Wiener’s wiener is in the news again.

While I see it’s become socially acceptable to participate in stocks again, you must keep in mind that this was a metric I mentioned that the market would impose on those that opted to raise cash rather than participate in one of the most incredible investment years I’ve ever seen. We saw stocks in the energy and materials space and the cheapest values they’ve ever seen. I’ve walked traders through some of the most epic long term entry points I’ve ever encountered in equities, and it seemed to have fallen on a crowd that slowly lost interest. Which is even better having been in the drivers seat with a message that proved to be right.

I’ve always likened this blog to Shawshank. I feel like Andy Dufresne – who crawled through a river of shit and came out clean on the other side. Lol.

Anyway, remember my chart of the year this year?

2015-12-30_16-17-13

The volatility squeeze on the monthly chart. Combine that with the elevated cash levels held by Global Fund managers. Combine that with the horrific year for Hedge Funds and their overwhelming lack of performance. Don’t forget the year long redemptions in equities and hedge funds. The historic run of bearish sentiment, and two bearish sentiment extremes this year. The lack of interest and overall negativity in the public towards stocks. Now, the removal of uncertainty in the elections…coupled with the lack of a crash post Trump elect, which was guaranteed by so many professionals.

Folks, we’re now in a chase. Which, I told you would happen as far back as last year.

We’re already starting to see melt-up style movements in stocks. However, I am going to point out one more chart to watch. It’s a monthly chart of the Russell 2000. The Russell was the biggest beneficiary of a Trump win, with its amazing 15 day win streak that racked up a 16% gain.

2016-12-08_9-33-39

Last week, I diagrammed this same chart in the $COMPQ, which is breaking out today. While the daily NASDAQ composite suggests that 400 NASDAQ points be added from here, the monthly chart of the Russell calls for another 430 points of upside (+30%) should we break higher.

This is all on tap for next year my friends. Should you want to see what I have in mind to catch it? Grab a seat at my Boot Camp next week.

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BLOG COMMENTS SLOW, MARKET STARTS TO FLOW

You may be missing out on the group level of a major run of profits I am about to embark on. The coming move in my portfolio will be nothing short of amazing, as it usually is in this context.

Over time, there’s much to be said about the correlation between blog comments, and portfolio performance. Long time readers monitor this as an inflection point to be heavily invested, or heavy cash. Lately, the blog has dried up and readers have packed it in. This normally means the interest has been lost…which is a point the market searches for…or it may mean that I’ve lost a voice in the recent political diatribe.

Nonetheless, things are perking up and signals are coming together for the market fairly well. The pain trade was higher this year, especially given the significant cash positioning of most Global Fund Managers…sentiment, and all other things I’ve blogged about all year.

So if you load up here for the Santa rally, which it looks like most folks are…I’d wager Santa comes a week after Christmas…rather than the week of Christmas.

I like select China names again around these parts (CTRP, BABA, YY, BIDU) and some cybersecurity (PANW, CYBR, QLYS, FTNT, VRSN).

OA

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MONDAY MARKET MUSINGS

I’ve returned from a weekend long journey to find a market that wants to explore higher prices. The chart we last reviewed on the Nasdaq held right where it should and that’s an important reference point moving forward.

I loaded up with some positions last week, as discussed…and am simply waiting for things to play out. It wouldn’t surprise me to slip into a grind here going into year end. Should that be the case, start observing top/bottom performers each day to look for correlations and patterns. That’s where themes will start to emerge for the monthly rotations we’ll be playing. Most of which we’ll highlight on next weeks Boot Camp.

Last week in After Hours with Option Addict, we did a retail top down…and I am really starting to like some of the charts that we focused on. I’m going to take a swing at 1-2 names this week. Got any names in that space you feel strongly about?

Also, After Hours with Option Addict members…I hate to do this, but we need to meet a little later than usual today. I need to push back one hour from 4:30 to 5:30 ET. We’re going to cover this weeks watchlist.

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