OA BUY: JDST

I’m back on this trade here at $14.79.

Don’t follow though, as several experts have identified this trade as a bad idea.

More later,

OA

The only set-ups I care to engage here are the usual suspects. As discussed on Friday, these are the best set-ups I can find out there.

Top Picks: GOOGL, PCLN, LNKD, TWTR, YELP, TSLA, ATHM, Z.

While it’s going to be a short week, I like these stocks with a December time frame.

More later,

OA

I have spent the last two days digging up the year end buy list. And trying to make sense of the selective action in stocks.

I have a what I feel to be a good group of stocks to focus on, for a year end melt-up.

While you might argue that the market is extended, overbought, etc…you must keep in mind that only Dow components and quality stocks have followed that same path. If you revisit the market last year and focus in on the price action from mid-October til year end, you’ll notice an interesting correlation to thie current market environment.

If you take most growth stocks, they didn’t readily participate in the rally til late November. In fact, most went to new lows before finally reversing higher. While most of your sentimental bloggers shorted these stocks into the hole, again, they ripped heads off from those lows, exploding to new highs into year end.

Take YELP as an example. It reflects what most Social Media, China, Solar, and other growth names did at this same time last year.

You may observe this current environment thinking you missed a pat pitch. But what if the fattest pitch is yet to come?

After Hours with Option Addict members, I will be out later this afternoon, but a video watchlist will be uploaded in my absence. The set-ups are great, and should be a decent list to watch for year end.

OA

For the remainder of the week, After Hours with Option Addict members are invited take advantage of the free trial to the 12631 trading room. Come interact with myself, Ragin Cajun, Raul3, and The Fly.

To access the trial, please log into After Hours and click the link to the free trial at the top.

12631

OA

I think its safe to say that we’re all in the same boat to one degree or another. This year has been complete shit, regardless of your stance, strategy, or personality. However, its the 9th inning and you MUST get on base here to not make this year a complete waste of time, brain power, energy and capital.

The market has made an interesting statement here in the last few weeks. In fact, how many of your favorite growth stocks have charts that look like the SPY? They trade like death, and today it felt as if those stocks were sold and the proceeds were moving over into other instruments that are more value oriented over growth.

This weekend, I am going to come up with a new index of stocks. The 2015 equivalent of the Nifty Fifty. This will be a core group of stocks that I focus on in the near term, with very few exceptions. Focus on quality for the next 6 weeks. Quality stocks, quality options, quality time frames, quality risk management. That’s the only way to close out the year on a quality note.

OA

I am long of December calls in this stock at the thirty second strike.

With love,

OA