Before today began, before they rang the bell and opened the gates, before they let participants loose, before the full moon began to wane, before all of that I was bullish.
And to be fair, I am still bullish on the market, but less than I was on Sunday morning, you dig?
This oil, this unchecked aggression in oil will not stand. It is the bastard new guy who comes to work in the depths of a cold and gargles fluids into the air of your high density cubicle space. A circle of contagion develops and spreads and before you know it everyone is sick. Well, not everyone.
The alpha subspecies who hacked their genome via a spinach and vitamin C heavy diet fledged onward.
We need to find the stocks who are hacking this market.
The hack masters at FEYE [FD: long] are okay I suppose, but what about the truly resilient ones? Names like GNRC or HABT. What are they eating? They look great.
In short, I want more winners because I stopped out on a bunch of losers today. SUNE is coming back on me because the energy market is a cesspool of death and disease. CLR fainted and fell down 10 flights of stairs. I had no choice but to cut it.
The only good move on the day was grabbing a piece of the downside in the /NQ.
P died too.
Will you stocks survive? Have they made the list? ‘He’ will be checking it twice, and he knows where your stops live.
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Raul – watching those Jackass highlights in the CkY vid made me want to talk $GPRO with you. Kind of interesting to look at the daily candle, and how it reacted to that little volume profile shelf today. I took it as a positive, but didn’t do anything about it…
Here’s my theme song for the day: “The Hurt”… sing it BB!!! https://www.youtube.com/watch?v=rwudux5aVAs
First and foremost, I always thought of GPRO as a $72 stock, even from day one.
Second, this looks like a consolidation break lower, the higher time frame is selling.
The market is looking for buyers in a thin region below. It may provide support initially, and the subsequent bounce will be telling, however you do not want to see GPRO trade below 62.75 if you are long.