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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

Nice Headbutt To Start The Year

RaginCajun Mon Jan 5, 2015 2:58pm EST 9 Comments

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Are there any buyers today? Certainly doesn’t feel like it watching this market tick for tick. The only thing that held up today was gold and silver, along with select biotech ie. KITE. Oil stayed in the dumps today, and traded below the $50 level, the all important $48 support level now comes into play.

As far as trades today, I ditched my HIMX for a loss, and took the gains in MOMO. I’m also eyeing an FEYE buy here.

From today’s top hybrid screen I like: ISIS, AGEN, JMEI, ILMN, CLDX, GPRO

Screen Shot 2015-01-05 at 1.46.41 PM

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9 comments

  1. Raul3
    Raul3
    January 5, 2015 at 3:16 pm

    the sellers’ auction has def slowed down compared to Dec 31st and Jan 2, just grinding now, but we need to see a strong up rotation, something that has a real resonance to it before I would become confident

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  2. RaginCajun
    RaginCajun
    January 5, 2015 at 3:17 pm

    Bought some $FEYE

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  3. Danny1980
    Danny1980
    January 5, 2015 at 3:21 pm

    Sold my KITE calls last week at $61 for +300% thinking it was a solid trade. Man was I wrong…lol

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  4. matt_bear
    matt_bear
    January 5, 2015 at 3:48 pm

    jokers are being removed from the deck to start the year.

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  5. ripper
    ripper
    January 5, 2015 at 5:13 pm

    Matt, how much are you down already in 2015? 3-5%?

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  6. Marc David
    Marc David
    January 5, 2015 at 5:38 pm

    Follow me not or you’ll get caught in hot spot.

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  7. Kevin
    Kevin
    January 5, 2015 at 5:43 pm

    Is there a good way to find out which companies have low marginal costs producing oil?

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