Watching this tape reminds me of Dennis Green’s famous video:
It’s amazing to me that the Russell is already back to the top end of the range, the same one it broke down from early in the week. That’s the kind of market we are in, one not to bet against.
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With oil rolling over here, one is tempted to go out and buy some TZA (short the Russell) given the chart above. But, for me, I want to limit mistakes at this point so I will do nothing here.
From today’s hybrid list we have a few standouts: WDAY, FEYE, SHLD, DRYS, DB, & P. WDAY & FEYE are my favorites, with FEYE looking ready to go on a gorilla run. Here are the top individual hybrid movers on the day:
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Last night’s trade ideas worked well with CYBR ripping intraday. However, the overall gap in the market made them hard to play. I’ll be back later tonight with some more ideas from Friday, hopefully the list is as successful as it was today.
For those that feel like chart surfing, here are some notable movers on the day: CLICK HERE FOR CHARTS.
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Forgot to put the buy stop at 39 for CYBR this morning. Was tied in a meeting when realized… only to see it hit intraday low of 39! Looks like I’ll try FEYE instead. Got to place my orders the night before.
FEYE finally looks ready to break free from this consolidation pattern. Strong move today overtaking the 50 & 20 day MA.
Hilarious title to the post. Keep up the great analysis and insights.
Thanks bossman.
Thank you RC, Great things are in store for you my friend, Unfortunately this weekend will not fair well for the Saint’s. “Rise Up.”
Should be a great game. Always is against the dirty birds.
The Aints can clinch the South with a 7 and 9 record. Imagine that.
Would be epic.
Thanks for the IDRA pick from last night. Picked it up right at the open.
Good work hxt.