I HAVE A PLAN!

There are great things developing today. I’ve had a constructive pulse on this market for the last year and have a road map developed and ready to deploy in next weeks iBC Q3 BOOT CAMP.

For those considering attending, we’ll be meeting Monday-Friday next week at 7PM ET (Wednesday 6PM ET). If you cannot attend, but are still interested, each session will be recorded in its entirety. Each evening you’ll receive an email with instructions on how to download the session video, which is yours to keep. PDF’s will be emailed as well.

Here’s the schedule, and each session will include a Q&A following the presentation.

Session 1. Analyzing the Sector Rotations of 2016 and What to Expect Heading into the Fall

Session 2: Beyond the S&P: A Look at Global Markets in Turmoil

Session 3: The Scariest Charts Heading Into Year End

Session 4: Will Silver and Gold Collapse This Fall or Continue to Shine?

Session 5: My Single Best Idea for Q3, and How the Elections Will Affect Your Trading

The things discussed will give you a good road map for the forseeable future, and will include a discussion on what an actual market top will look like, for those of you still waiting.

I’ll discuss my trades as well as a watchlist in After Hours with Option Addict.

$WDAY starting to absorb overhead supply here, making its first prints above $85 since shitting the bed at the open.

Again, a close here is important. I need a definitive move through $85. This matters for tech this week, IMO.

I bio-bought a bio-wad of Aug26 287.5 calls on $IBB, as the carcasses of bio-longs are discarded into the street.

I need this gain to pay for a bio-loss. Or four.

AN INTRADAY LOOK AT $WDAY. A FEW SCENARIOS TO POTENTIALLY UNFOLD INTO THE CLOSE…

BEARISH?

BULLISH?

Or…

DEVELOPING…

Not sticking the $85 landing means that the stock didn’t open far enough above overhead supply. FML.

Reader…what do you think happens to $WDAY?

Would you buy $WDAY here?

Are you bullish on $WDAY?

What is your target on $WDAY?

I have some calls on $WDAY here. Bought them a couple weeks ago. Was a skeptic on the $CRM news, and some of the analyst action on these stocks in the last few weeks.

Regardless, $WDAY was smashing last night, and traded as high as $90 last night. Here’s a look at a 5 year chart and $WDAY’s return to glory, like every other fucking growth stock this year.

Where prices open is critical in regards to a profile. $85 is the level that matters. At the moment, we’re set to open above that. Technically, this makes me happy despite my post title.

$85 puts all traders in the last year in a position to react at the open. While the profile slopes from here, it also is the relative balance of 2014-early 2015.

Gap and go trends need to open above those balance levels. If $WDAY stays above $85, this is a huge positive from a technical perspective.

Scariest 7 point drop in the S&P this year by far, right?

Watching this $IBB move. Got a good reaction at balance. Once the indices and individual groups start breaking these levels, the worry meter upticks, IMO.