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Hard to buy here, but it seems we are in a long only market. It is amazing how fast the dip gets bought, considering everyone is waiting for a pullback. Couple that with option expiration week, and the sky is the limit.
$MA & $AMGN worked perfectly right of the open from last night’s watchlist. $JMBA is still in the sweetspot. Also take a look at this little small bomb $STEM, it certainly has the look.
Good luck trading guys.
7 Responses to Bull or Bear Here?
I put that wirey SOB on my books yesterday (STEM).
looks right, but trades like shit
Sold off ~$0.20 after this comment. I sold on the dead cat.
Other small bombs – $CLSN looks good if it can close over 3.25 today and $NSPH on a close over 3.20. $ASTI was apparently a nuclear bomb…FML on not making that entry on Friday. UGH!!
Both look good @drogala
Doubled my MERC and QQQX look at QQQX holdings and div. A gem of a way to hold aapl (22 percent weight) along with the top ten of tec titans and you get paid to hold em
Best play ofnthis year remains…
STAY SHORT DMND!!
Still plenty of downside left as the stock sets up for next leg lower. News out today the company is in secret meeting. Here is a photo of CFO, CEO and PR head at the meeting: