TROLL SIGHTINGS ON THE RISE

Over the years, this has been one of the best indicators in the bag. By the time they start to emerge, it typically means the worst is over.

I wish to express my gratitude for this, because it’s been a rough week…lol.

As for the market, I try to pass on the first dip. Looking to buy the next one.

$CTRP, $SINA, $FCX, $WDAY and $CELG on my radar. Meaning, as I willing participate in a rigged market, I will use these instruments in the process.

Man, this stings a bit.

The action in the last week threw me off. Depending on the day, I owned some decent stuff. Perhaps the fact that it wasn’t able to stick was the warning sign.

I thought this month would be a little more volatile, but was torn on whether we started with a move up, or a move down.

The good news…now I know.

$NYMO hit relative oversold here. I bought $CRM calls for November on this move.

Not everything is broken here.

I don’t generally like big market days like this. Nothing stands out. Everything is up a little.

While most pray for big market moves, I prefer my Dow 40 days. Slow markets make fast stocks more prominent. They get more attention and action as opposed to in big market moves like this.

Speaking of big moves like today, it feels like rotation is underway a little. Last week, my stocks were stuck in the mud, except for the China stock rippage early in the week. I wonder if this is where growth stocks slow and value stocks pick up the slack.

As the week wore on, my revenge trades imploded. Like Richter Scale imploded. Today, my next favorite stock ($TWLO) is getting Harambe’d. Not to mention my $TWTR starter woke up to an epic gap down.

Suffice it to say, rhythm has been officially thrown off. Assume all your favorite stocks are about to break your heart.

With less than an hour left ahead of the weekend, a stop sweeper was deployed in IPO stocks. It’s purpose was to remove those that suffered through a flat week of trade, before said stocks explode higher next week.

Bought some (added) $TWLO calls 20 minutes ago. Already loaded in $LN.

Have a good weekend.

OA

I only question the timing. Well, the motives too, of course.

NEW YORK (TheStreet) — Shares of First Solar (FSLR) were falling in pre-market trading on Friday as the stock’s rating was cut to “neutral” from “buy” at Goldman Sachs late yesterday.

The firm has a $42 price target on shares of the Tempe, AZ-based solar energy solutions provider, the Fly reports.

“Solar stocks appear to be reflecting the challenging cyclical environment that has emerged in recent quarters,” the firm said.

Additionally, Goldman said that 2017 system bookings seem “unlikely to materialize” at this point in the second half of 2016, the Fly notes.

Goldman also downgraded Solar Edge (SEDG) to “sell” from “neutral” in the note, upgrading Sunrun (RUN) to “buy” from “neutral” and Vivint Solar (VSLR) to “neutral” from “sell.”

I noticed the traffic on Gold related instruments was relatively high yesterday. Lots of players were looking for a technical bounce in the metals to play.

I haven’t blogged on the topic since July 7th, but looking back…not sure that timing could have been much better.

In my last Boot Camp, we spent an entire evening focused on Gold and Silver. One chart we spent a bit of time on was the $GOLD:$WTIC spread, which topped it’s most extreme value earlier this year.

This chart suggests that earlier this year, you could have bought 47 barrels of oil with an ounce of gold. The longer term average of this spread is more like 15.

Off of this analysis I told folks to short gold against an oil long. How has that trade been working recently?

If you flip the spread here (hat tip @bcanals) this looks like tip of the iceberg movement…

He also pointed out the following chart, which is $SPX:$GOLD ratio. Looks like my sentiment chart, no?

Been thinking about these since last night. Very intriguing especially after the popularity of these instruments yesterday.