PLEASE HAVE A LOOK AT MY POLL

In order to best gauge the next move the market makes from here, I’m curious as to what folks are thinking/planning here in the coming days.

If you’d be so kind…

http://www.easypolls.net/poll.html?p=5818cdf2e4b02551cf458cac

This is a waste. Nothing here is moving with purpose.

My best advice here is to watch and observe the market here over the next two weeks. $XLU is getting defensive today and risk stocks are still in chop and drop mode. If that character persists, then bet on volatility. If it continues to flash on/off…keep waiting.

Things are at a point where I can see set-ups gradually materializing. However, nothing is actionable yet.

Going to be a grinder. I’d try not to over trade, or over think here.

Sorry for the lack of action here on my part. This computer situation has cost me the day and will keep me preoccupied tomorrow to get everything resolved.

After Hours with Option Addict members, we’ll meet again today, but not tomorrow.

Thanks for your patience.

Russian hackers infiltrated my system yesterday. They got me. Fuckers.

Waking up to that kind of a loss yesterday, I had very little to say. From what I can tell, its the newest version of Ransomware and nothings recoverable. I don’t even know how I got it. But if you haven’t yet, go backup your files, invest a few bucks into securing your machine. I deserve this for being a moron and for thinking I am smart enough to prevent something like this from happening.

On the day I bought shares of $CARA this morning at $7.40 and am long /CL again here for a bounce. I love $BIDU here, tempted to take $BITA, $VIPS, $DK, $STMP, $CIEN.

As for the market, I don’t want to talk about this fucking range anymore to be honest.  A rally cometh soon.

More later,

OA

This action is so hard to watch, I can barely stomach writing up a play-by-play, or finding anything intelligent to talk about here.

I bought Nov calls in $LN this morning. That’s all I’ve done.

I appreciate the lists of stocks you guys chimed in over the last few days. I’m watching the following stocks this week for entries…

$TDC, $DK, $STMP, $VIPS and $SINA.

After earnings, I am stalking $VMW, $ATI, $BIDU, $TRU and $TSLA.

Off to see about a nap.

Yeah, its that bad. I came into the month looking for any slight reason to lighten up. My thoughts I had laid out were that I felt this month would be the first difficult month we’ve seen since the start of the year. I watched for clues, warning signs, etc. And despite the market staying low and slow, the rotation over the last few weeks just blasted me. 1% move in the $SPX, high beta momo stocks took 10-20% beat downs.

I have a significant number of positions expiring worthless tomorrow. The hard part is that the majority were profitable at one point or another. I froze in the first week of the month, watching as my stocks continued to rip…but then they slowly started to shift.

The good news is that it’s prompted me to build an indicator to try and determine when these shifts are going to occur. The bad news is that it cost me thousands this month to motivate me to start building.

Now I’m sitting here planning my comeback tour. Aside from shelter, butter, guns and burlap…I am trying to piece together a list of 10 stocks I want to take into YE.

I’d like to ask you, the reader, the same question. What are your top stocks you would engage here for year end? (Min 3, Max 10)

Also, After Hours with Option Addict patrons…I am unable to meet after the close today. If I have enough interest, I will happily meet later in the evening if that works for the majority of you. I would plan to meet at 8pm ET. If I can land 10 comments here saying “Yes,” see you then.

Again, sorry for the inconvenience.