After Hours with Option Addict Members,
My apologies. I just spent the last 5 hours with one of my kids in instacare. Another reason that the healthcare system is so wrong.
Anyway, the uploading process ran into a bump when I ran out that I wasn’t here to fix. I’ve since corrected it and the recording is up and working.
For those that missed their window of opportunity to watch the recording, I apologize. Under normal circumstances these things don’t happen and it was my fault.
OA
Comments »I’m not one to publicly pat myself on the back, but we’re in the midst of what I consider to be a prediction of epic proportion.
Last week in After Hours with Option Addict we laid out a market roadmap, which consisted of the following.
I didn’t buy into Friday’s big rally. Breadth was lousy and social media stocks, solar stocks, and various other momo stocks were on the edge of an abyss.
On Friday I said to wait for a buyable dip mid week, or the condition that social media stocks, which I recommended loading up on, diverged against the broad market. In other words, we wanted them green in a red tape (yesterday).
I also wanted to see TWTR stop going down, which I believe happens today.
The last condition was to see the Nasdaq and Russell hold up better than the overall market. Yesterday they were flat while the Dow and S&P were off by .25%.
My entire book is ripping. If the $RUT takes out 1100, we should be clear for take-off.
OA
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On an intra-day basis here, while the S&P grinds to new lows, notice the social media stocks (YELP, GRPN, LNKD, TWTR) are well off their lows.
Again, I believe this to be a critical event for the market this week. We’ll discuss in depth on After Hours with Option Addict today, unless you are accessing from an Apple device, which apparently totally sucks.
We’re looking into the Apple issue, btw.
OA
Comments »Long shares of SOL here, as I quietly and calmly corner the solar market.
Willing to buy more on down to $4.40.
More Later,
OA
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If you’ve been following my blog this year, there is a certain indicator that has worked over, and over, and over again. One that would make you rich if you were able to pick up on it.
Want to know what it is?
Well, its actually my drawdowns.
In the days following an account draw down, coincidentally, my stocks explode to the upside. Coincidence? Well, not really. It’s all part of being in rhythm with the market. In other words, make sure you are holding the stuff people want to buy when they want to buy stocks. Apparently, some folks wanted to purchase my positions in SHLD, XONE, FSLR, CIMT, ONVO, RIG and JASO today.
Want to know what I love about all that?
The S&P went up a point today.
That is all.
OA
UPDATE: NEW LINK AND PASSWORD AVAILABLE IN THE After Hours with Option Addict BLOG. http://ibankcoin.com/afterhours/2013/11/11/ahwoa-link-and-password/
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Dear Valued Members of After Hours with Option Addict,
We’ve made a technology change to After Hours with Option Addict. Moving forward we will be using the GoToWebinar platform to host our evening meetings. This change will improve session quality, add polling features, and will help keep my system from exploding.
On the site, we’re back to using daily webinar links in the upper right corner, and a daily password as seen below.
If you have questions or concerns, let me know.
Sincerely,
OA
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