In typical 2014 fashion, it’s only right the we end the year with a rally that begins with a gap up. If you’re waiting for an entry, don’t expect tomorrow to be it, because we will likely gap again. This is how it plays out, the only way to catch the big moves in the last half of this year have been to hold longs overnight.
I’m in all cash here, so no gifts for me. I did not believe in Santa and now he has simply passed my house. Although, the correct move is likely to buy into this, I simply cannot.
$TAN, the solar ETF, leads the way this morning with shorts getting obliterated. $OIH & XME are right behind, and of course IBB, the biotech ETF. Biotech has lead the way all year, and has been a monster call by Mr Option Addict. Here’s a look at the top industries of the day:
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Stocks of interest for me here include: TWTR, GPRO, GLUE, NMBL, CLDX, & KORS. The runner screen is littered with ideas this morning, HAVE A LOOK HERE.
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RC – ARO has been on my radar since last week. Has yet to break out, but if the hot money starts chasing trash, it stands a chance….? Anecdotaly, Auntie Buccs says the wealthy Mexican Christmas shoppers that come up here absolutely flock to this store. I don’t understand the appeal, but why ask why?
Dangerous chart, hate the store. I’ll pass.
Bucks – did you pick up APP the other day at .50?
That APP is money
Taxmonster – I gave it a hard look that day you mentioned it. I didn’t have a good feeling about it at the time. F*ck me very much… Great call, man!
Thanks – I didn’t buy it either mostly because I was distracted at work. A couple VP’s here did pick it up though and were giving me crap all day today.
Is IDRA actionable yet?
yep, the trigger was above yesterday’s high.
You opted out for now?
yep, didn’t take it due to huge gap up in market.
IDRA hold into the close?
Discipline. The number one attribute in any endeavour.
Indeed. Spoken like a true Sgt