I’VE MADE MY LISTS, SO CHECK THEM TWICE

Oddly enough, this price action resembles that which I spoke of last night. Two weeks ago, we started off with a similar drift lower to kick off the week. Then, after a few hours of soggy trade, we turned a reversal that stopped everyone in their tracks.

The same bullish divergences have triggered in comparison to those that did the same two weeks ago, and so many names are just winding up here on the day, waiting for a market push to let loose.

On the day, I am narrowing down to $UA $FB $PYPL $C $ATHM and $DWRE. These are my favorites by far.

More later,

OA

I’m being constantly reminded that my forecast of ATH’s in the $SPX to happen within the next two weeks is quickly approaching its deadline. 42 points. Two weeks. Possible? Probable? Let’s see how things look in the morning, but as you can see the last few weeks of price action have been consolidating for a decent sized move this week:

A few charts that I like this week include: $FB, $AAPL, $C, $BAC, $JPM, $WBAI, $ATHM, $DWRE, $UA, $PYPL, $RUBI, and $ZG. This is as far as I’ve planned the upcoming week.

We anticipated that the market would be flat last week due to the holiday, but think about the week prior and how critical that particular Monday morning was to trap the masses early, then squeeze them all week. I’m thinking this Monday might also be another decoy for how prices will trade this week. It’s too early to tell, but I’ll be paying close attention to the pulse in the first couple hours.

Hope it was a good holiday break. Let’s get back to work and close out the year on a monster run.

OA

The crowd is pretty thin today…and there’s not much meaningful price action here to digest.

For After Hours with Option Addict members, I know we were on the fence about meeting today…but let’s plan on meeting on Monday instead. There’s not much here to discuss on the day and most of the set-ups we pulled together earlier this week are still relevant and actionable.

Top ideas here include $AAPL, $FB, $TWTR, $GOOGL, $BIDU, $WBAI, $DWRE, $ZG and $UA.

Hope you guys had a great holiday break, and enjoy the weekend. See you on Monday.

OA

As we are approaching a day observed in terms of “thanks,” I will take a quick moment to list all things I am thankful for.

I am most thankful for my wife. Without her….I won’t even go there.

I am thankful for my kids. They are good kids. Well mannered and well behaved. They are happy kids, and display an appearance of normalcy that most kids are incapable of. In fact, I generally hate most kids, except for those that I call mine.

Of these kids of mine is the youngest with special needs. I am so very thankful for him. These kids can teach you amazing things if you slow down for a moment and listen to them, and pay them special attention. I am so thankful for this boy, and the blessing he is in my life.

I am thankful for my health. My home. My friends. My time.

I am thankful for my experiences, my trials, my outcomes, my determination and my perseverance.

I am thankful for Google, Good Music, Hot Sauce, Pizza, and Adderall.

I am thankful to be able to visit with some extended family members this week. I am thankful that my wife does not shop on Blacked Friday’s, and thankful that she doesn’t make me participate in that with her. I am thankful that I will wake up early tomorrow and still dominate early morning sporting events at the tender age of 37.

I am thankful for you readers. Thankful that you help me pass away the miserable times we invest at this game. I’m thankful for my iBankCoin comrades, and the dominance we display at financial blogging matters. I am thankful for LeFly, for granting me the real estate here at the hallowed halls of iBankCoin.

Happy Thanksgiving,

OA

12631 members are absolutely enamored with this $OHRP long I put them in about a month ago for $3.19.

The stock is just now getting into the volume pocket above.

We call this a “pocket pass.”

This chart is a little dated, and I am away from a Bloom spot today, but I had a request to speak on commodity prices, so let’s start with this graph below of the Bloomberg Commodity Index. Mostly made up of Nat Gas, Oil, Corn, Copper, and Gold, and is currently trading at $82, despite what the chart below shows.

I’m of the opinion that we’re heading into an era of ‘lower for longer’ commodity prices. A lot of people write on this topic and the negative impacts it could/should have, but not many talk about the stimulative impact it has on the economy.

The chart above illustrates a boom in the commodity index, and the bubble bust. All in all, it’s a return back to a historical mean. If I were near a terminal, I’d take this chart out another few decades to show the cycles in volatility across commodity prices, which I believe is due for a rally soon, but also due for some quiet time.

I also wanted to point out that while we’ve spent so much time looking at 1998 from a historical perspective in terms of oil prices, gold prices, copper prices, the dollar, and other individual commodity price correlation, this index bottomed in early 1999, which I believe is also the bottom for this bear cycle in commodity prices as well.

I think there are some screaming investments in commodity related equities down here at these prices, but I think the volatility in commodity prices themselves will be all but gone over the next 3-5 years. There will be a great move in the commodity index early next year, but that first rally will be the best opportunity for the year in my humble opinion.

I have been thinking up a list of investments in this space, but haven’t yet finalized it. What are some of your top ideas with a 3-5 year time frame?