A FEW HOUSEKEEPING ITEMS

First, I have an appointment later today. This is why I am cranking out useless posts early. Compensating for my absence After Hours. Yes, unfortunately, After Hours with Option Addict has been canceled today. We’ll pick up again tomorrow. For those of you that are new, might be a good opportunity to catch up on one of my archived Crash Course sessions. Go into the Technical Analysis sessions on the right navigation bar and pick a topic you feel you need help with.

Second, Boot Camp starts on Monday. Here’s the weeks lineup, and meeting times. Wednesday’s time has to be adjusted for a commitment I cannot get out of.

• Monday 7PM ET: Analyzing the Sector Rotations of 2016 and What to Expect Heading into the Fall

  Tuesday 7PM ET: Beyond the S&P: A Look at Global Markets in Turmoil

  Wednesday 6PM ET: The Scariest Charts Heading Into Year End

  Thursday 7PM ET: Will Silver and Gold Collapse This Fall or Continue to Shine?

  Friday 7PM ET: My Single Best Idea for Q3, and How the Elections Will Affect Your Trading

Sign up here if you’d like to attend. It will be an interactive camp, one with many predictions, but a lot of application to the methods I use and apply to my analysis and trading.

Let me know when the “failed breakout” narrative starts traveling around twitter today in regards to the indices. There’s something brewing here that seems to me like another baited trap for the remainder of the week.

First, it comes down to set-ups. There are none. The last time this happened was immediately following the Brexit flush. What does that mean? If the market makes a move to get you out of a position, or bet against the market, we’re in a spot where you won’t be able to get back in.

I find myself fortunate to have literally bought all the stocks on my watchlist yesterday that I wanted. That’s very uncharacteristic of me…but now I’m seeing how this will unfold as I notice that in scanning for setups today, I returned the second lowest total of the year.

Best case scenario, let this thing fade. The Russell has the relative strength/divergence here. As long as these divergences stay positive, and the “false breakout” narrative gets loud, you’ve got some fuel to throw on the fire.

Eyeballing $CSIQ, $UAL, $AA, $CENX, $RIO.

I raised a little cash in my LT account last week by selling all my $AAPL I bought last year and reducing my overweight $BABA position from last year as well.

As you know, I like transports…$WNC, $NAV, $YRCW. Also considering $AAWW and $MDRX.

My portfolio consists of the following:

90% Equities, down from 100%. In order of weighting.

$FSLR

$BABA

$TWTR

$AMBA

$YELP

$BAC

$LULU

$UA

$AKS

$CNCR

$BYD

$RIG

$NOV

$SCCO

$JNPR and $CREE LT calls

Setting “the market” aside, what would you consider investing in here?

WTF? While your market moves nowhere, I’m melting higher over here.

$GPRO, $FIT, $MBLY, $DATA, $TWLO, $ADPT, $FTNT…

I’m about to initiate some positions in my LT account today…couple trannies and a software stock I’ve been stalking.

Got anything working this morning?

Big news for $DATA After Hours. This should assist the calls I picked up on Wednesday.

Tableau Appoints Adam Selipsky As New CEO

Christian Chabot remains Chairman of the Board

PR Newswire

SEATTLE, Aug. 22, 2016

SEATTLE, Aug. 22, 2016 /PRNewswire/ — Tableau Software, Inc. (NYSE: DATA), the global leader in visual analytics, today announced that it has appointed Adam Selipsky as president and chief executive officer effective September 16. Christian Chabot, Tableau’s co-founder and current CEO, will continue to serve as chairman of Tableau’s board of directors.

“Adam is going to take Tableau to the next level,” said Chabot. “His experience in making AWS the world’s leading cloud platform, his passion for servicing customers at a global scale, and his authentic team player attitude make him an extraordinary fit for Tableau.” Continued Chabot, “He is the right person to lead Tableau to the next stage of growth.”

Adam Selipsky has spent over a decade building Amazon Web Services, one of the most successful technology platforms in the world. His leadership helped grow AWS from a start-up into a multi-billion dollar business and establish it as the undisputed market leader in cloud computing. Selipsky currently serves as Vice President of Marketing, Sales and Support for AWS. Prior to joining Amazon, he was an executive at RealNetworks, leading the video subscription and media player division. Before that, he was a Principal at Mercer Management Consulting, a strategy consulting firm. He holds an A.B. in Government and an MBA from Harvard University.

“I’m incredibly excited to join the Tableau team,” said Selipsky. “Tableau has that rare combination of a passionate customer base, leading products, amazingly talented people, dedication to technology innovation, and momentum in the market. The company is positioned to become the new world standard in analytics. I’m honored to join the leadership team and all the great people that have fueled Tableau’s disruption of business analytics. As we add capabilities for our customers, deepen our enterprise presence, and expand into the cloud, our mission remains unchanged — to help people see and understand their data.”

John McAdam, lead independent director and chair of the nominating and governance committee of Tableau’s board of directors stated, “Tableau has pioneered a new age in data analytics by dramatically reducing the complexity needed for customers to truly make use of their data. Bringing Adam on board will lead Tableau into the next stage of growth.”

Christian Chabot will remain actively involved in the company as chairman of the board of directors. He will continue to assist the company with long-term strategy and customer evangelism. Chabot served as Tableau’s CEO for 14 years and helped grow the company into a technology pioneer with over 46,000 customer accounts. “We’re just getting started in our journey,” Chabot added, “Tableau has the capability to become the standard for how people work with data, and in doing so to grow into a globally recognized technology brand. With the company’s scale and success to date, we have the opportunity to broaden our leadership team as we continue to delight customers and to build the company.”

Additionally, Tableau is bolstering its technology leadership. Chris Stolte, Tableau’s co-founder and Chief Development Officer, will transition to Technical Advisor and Andrew Beers will take the leadership of the product development team as Chief Development Officer. Francois Ajenstat, one of the company’s long-time product leaders, will be elevated to a new position as Chief Product Officer, reporting to Beers.

“Andrew has been with Tableau from the very beginning as one of our first developers. He’s been instrumental in leading our engineering team to build the best analytics platform in the world. I look forward to continuing to partnering with Andrew as we build the next phase of our company,” said Stolte.

“Tableau is a transformational technology company,” commented Brooke Seawell, Tableau board member. “We are thrilled to have Adam as our CEO. The next five years are going to be extraordinary for the company, and I have no doubt that the greatest impact of Tableau on the world is yet to come.”

In conjunction with this announcement, Tableau will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) today with Christian Chabot. A live audio webcast and replay of the call, will be available in the Investor Relations section of Tableau’s website at http://investors.tableau.com. The live call can be accessed by dialing (877) 201-0168 (U.S.) or (647) 788-4901 (outside the U.S.) and referencing passcode 69849807. A replay of the call can also be accessed by dialing (855) 859-2056 (U.S.) or (404) 537-3406 (outside the U.S.), and referencing passcode 69849807.

Here are intraday balances in the indices over the last 10 days. Small caps looking like they have a slight upside lead here.

Again, its day 11 of flat/slow range trading. Last time we traded in a range like this, we slipped lower to set a trap, then proceeded to rip the range to the upside.

If we do break higher, be aware of any negative divergences that set-up.

Picked up $PYPL calls here a little bit ago as as well.