SITTING ON AUTO PILOT OVER HERE

I nibbled on an oil long down here today. I booked a big win in $TWLO from Monday. Picked up some $SQ as well.

I have anxiety about letting go of longs here. As that happens, I’m left with very little set-ups out there to trade in. Everything has moved to the point where risk is tougher to manage on a new entry. Easier to endure pullbacks than to be sitting there watching with nothing in the queue to buy.

I’m watching $WUBA, $STMP and $GOGO…and stacking inventory like a mutual fund over here.

OA

I’m fully loaded on China names here, but $ATHM caught my eye.

Also, really like the profile on $SQ here.

Top pick here today?

Here’s a quick look at the $TAN.

This year, I’ve had a lot of success tracking stocks/groups that have this same longer term pattern.

I started in on some $SPWR and $VSLR here today.

Thoughts?

OA

I’d like to take a moment to pay my respects toward stocks. New all time highs in the $SPX today. The Dow is not too far behind, and the others will follow. The last two years have been some of the hardest I’ve ever faced, and my confidence never wavered on what lies ahead.

Pain from here is obvious, but what I’m most interested in is when the defensive positioning turns back toward risk. Probably makes sense to start tracking risk baskets to see at what point traders start to let their guard down a bit and get more aggressive.

As we start to trend here, some of the methods we recently went through in the stock picking Boot Camp are going to help you see a lot of these rotations as they set up. Most of my posts from here on out will be focused on that. Trying to identify opportunity in advance as always. I won’t speak much on the market anymore…but will let others do all the heavy lifting in that department.

From here, individual ideas, charts, and hopefully more interactive analysis.

OA

Crazy to think that two weeks ago I watched a global selling frenzy rip through financial markets, only to transpire into a move back that puts us within a few percentage points of ATH’s.

Was another great week this week, and I’m hoping to see a little more follow through on Monday. I picked up some $CTRP calls at the open and am developing a watchlist to discuss in After Hours with Option Addict after the close.

Would love to hear what you’re trading today…

OA

$GLD, $SLV, $GDX are all registering overbought signals today, according to my indicator. Last time this happened was 4/29, and the metals sold off hard.

The option flow is pretty skewed to the bearish side in GDX today. Anyone taking a shot at a short here?

OA