The Bears Are Who We Thought They Were

135 views

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.

Screen Shot 2014-12-18 at 1.30.38 PM_____

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:

Screen Shot 2014-12-18 at 1.36.13 PM

______

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.

No Gifts For Me

472 views

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:

Screen Shot 2014-12-18 at 8.54.05 AM______

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.

Trade Ideas For Thursday

695 views

CYBR – Look for the security plays to gain traction tomorrow in light of Sony folding to hackers. This one looks ready to run on strength.

Screen Shot 2014-12-17 at 6.52.52 PM_______

YHOO – I like the pattern setting up here for Yahoo, a little strength should get this one above the 20 day which should force a few shorts to cover.

Screen Shot 2014-12-17 at 6.57.14 PM_______

GLUU – Love how price is flagging right underneath the 50 day. This normally produces a powerful move once price trade above the average. Keep it on watch here:

Screen Shot 2014-12-17 at 6.59.34 PM______

IDRA – This one is a potential monster in the marking, watch for continuation above Wednesday’s high, 3.94:

Screen Shot 2014-12-17 at 7.02.39 PM_____

Here’s a look at a few of Wednesday’s high volume/hybrid movers: CLICK HERE FOR CHARTS

The Cajun Contrainan

578 views

The market is saved once again. The bulls can thank me for the balderdash post yesterday as it will clearly mark the bottom. It looks like the market likes the word Patient, and Santa is well on his way. You guys can continue to fade The Cajun, because it is working.

So far today I took profits on my $APA trade and have yet to put anything new on the books. I’m eyeing $GPRO again here sub $60, and like the idea of getting long $KORS here.

Here’s a look at some of the top individual hybrid movers on the day. $BABA is of interest, as is $AKS. For a lotto play check out $APP:

Screen Shot 2014-12-17 at 1.20.51 PM______________

I’m off to a doctors appointment to try to fix this shoulder. I will miss the final hour, but be back tonight with a few ideas for tomorrow.

Good luck guys.

Oil & Gas Continue To Lead

409 views

Oil & gas continue to lead here with the OIH being one of the leading ETFs this morning. $HAL is of interest to me down here, and I personally remain bullish on $APA, a position of mine, despite the downgrade. Coal is also seeing some strength via $KOL, with $BTU being best in show. $CLF on the other hand is in trouble, down over 10% today.

Here’s a look at the top industries this morning:

Screen Shot 2014-12-17 at 9.02.30 AM_____

I have a doctor’s appointment at 3pm ET, so will miss the final, most important hour today. My activity will remain light in front of the Fed.

Here’s a look at today’s runner screen: CLICK HERE FOR CHARTS

Tickers in focus inside our trading room, 12631, include: HK, DGLY, DDD, GPRO, LOCO, DATA, ECR, HNR, & TKAI

We Are Going To Crash

1,209 views

Going through my charts tonight, I would not put the risk for a crash off the table here. I’m very heavy in cash in just about all of my accounts, yes even my IRA. I don’t like the action at all and it has somewhat of a 2011 feel to it.

First we watched the leaders get smoked, then the violent indecision from the indicies, couple that with Russia forex and oil games, and we have room for concern.

I can’t wait to see what Janet Yellen has to say about this current situation, there is nothing she can do to save us. We are going to crash.

Hope you guys get a good night of sleep, I know I will. I want to be up early, popcorn in hand, and watch the firework show from my Mac with Retina display.

I’m looking forward to it. 

The Bears Are Who We Thought They Were

135 views

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.

Screen Shot 2014-12-18 at 1.30.38 PM_____

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:

Screen Shot 2014-12-18 at 1.36.13 PM

______

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.

No Gifts For Me

472 views

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:

Screen Shot 2014-12-18 at 8.54.05 AM______

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.

Trade Ideas For Thursday

695 views

CYBR – Look for the security plays to gain traction tomorrow in light of Sony folding to hackers. This one looks ready to run on strength.

Screen Shot 2014-12-17 at 6.52.52 PM_______

YHOO – I like the pattern setting up here for Yahoo, a little strength should get this one above the 20 day which should force a few shorts to cover.

Screen Shot 2014-12-17 at 6.57.14 PM_______

GLUU – Love how price is flagging right underneath the 50 day. This normally produces a powerful move once price trade above the average. Keep it on watch here:

Screen Shot 2014-12-17 at 6.59.34 PM______

IDRA – This one is a potential monster in the marking, watch for continuation above Wednesday’s high, 3.94:

Screen Shot 2014-12-17 at 7.02.39 PM_____

Here’s a look at a few of Wednesday’s high volume/hybrid movers: CLICK HERE FOR CHARTS

The Cajun Contrainan

578 views

The market is saved once again. The bulls can thank me for the balderdash post yesterday as it will clearly mark the bottom. It looks like the market likes the word Patient, and Santa is well on his way. You guys can continue to fade The Cajun, because it is working.

So far today I took profits on my $APA trade and have yet to put anything new on the books. I’m eyeing $GPRO again here sub $60, and like the idea of getting long $KORS here.

Here’s a look at some of the top individual hybrid movers on the day. $BABA is of interest, as is $AKS. For a lotto play check out $APP:

Screen Shot 2014-12-17 at 1.20.51 PM______________

I’m off to a doctors appointment to try to fix this shoulder. I will miss the final hour, but be back tonight with a few ideas for tomorrow.

Good luck guys.

Oil & Gas Continue To Lead

409 views

Oil & gas continue to lead here with the OIH being one of the leading ETFs this morning. $HAL is of interest to me down here, and I personally remain bullish on $APA, a position of mine, despite the downgrade. Coal is also seeing some strength via $KOL, with $BTU being best in show. $CLF on the other hand is in trouble, down over 10% today.

Here’s a look at the top industries this morning:

Screen Shot 2014-12-17 at 9.02.30 AM_____

I have a doctor’s appointment at 3pm ET, so will miss the final, most important hour today. My activity will remain light in front of the Fed.

Here’s a look at today’s runner screen: CLICK HERE FOR CHARTS

Tickers in focus inside our trading room, 12631, include: HK, DGLY, DDD, GPRO, LOCO, DATA, ECR, HNR, & TKAI

We Are Going To Crash

1,209 views

Going through my charts tonight, I would not put the risk for a crash off the table here. I’m very heavy in cash in just about all of my accounts, yes even my IRA. I don’t like the action at all and it has somewhat of a 2011 feel to it.

First we watched the leaders get smoked, then the violent indecision from the indicies, couple that with Russia forex and oil games, and we have room for concern.

I can’t wait to see what Janet Yellen has to say about this current situation, there is nothing she can do to save us. We are going to crash.

Hope you guys get a good night of sleep, I know I will. I want to be up early, popcorn in hand, and watch the firework show from my Mac with Retina display.

I’m looking forward to it. 

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