You would swear the market was up at least 100 points, it may be time to start hedging.
UA ripping
WTI ripping
GNK ripping
LVLT ripping
Now only if my solars could get moving. I think they might be waiting for SPWRA to report next week.
Note: We’re having a blast in The PPT, it looks like JakeGint is off to an early lead.
Comments »Click on the symbol for chart:
GNK – Buy with any strength in shippers (note: DRYS ripping in after hours)
WTI – Buy with strength in oil
UA – Looks like we have a cup & handle formation, buy on a break above trendline.
S – Hanging out on the 20 day, I like it right here with a stop below 20 day MA.
BIDU – Short on any weakness, stop right above 200 day MA.
JASO – Buy on any strength in solar
RUTH – Flagging after breakout, buy on strength
LVLT – Another great flag formation (rare to find). Hat tip to Chart addict for this one.
The Fly has allowed people to tour The PPT for peanuts. Let’s get the whole iBC community on board for one killer trading day tomorrow.
Look, I’m not one to sell stuff to people or even one to subscribe to a service, but The PPT is something special, that took almost a year to create.
I hear people all the time saying iBC is not the same. To them, I say, “You’re right– it is better!” You just have to be on the other side.
Come join us tomorrow for an ol’ school iBC party. I want to see all the regulars ‘ovah’ there commenting like old times.
-RC
Enter The PPT, it’s cheaper than a share of C
Comments »Today, I went to the doctor for the first time in about five years. I told the wife that I don’t need no stinkin’ doctor, but she insisted (she always wins). So for about an hour of waiting, the doctor finally comes in, asks me a few questions, and prescribes the world famous Z pack.
Hopefully the meds work, because I feel like shit.
As for the market, not much going on. I do plan to hold [[GOOG]] through earnings, and am looking for about $440 in after hours trading. I’m also patiently waiting for [[JASO]] to breakout, it will happen, maybe even today. Another stock I’m looking for quick upside is [[GNK]], keep an eye it.
To recap, Dr. Cajun prescribes JASO, GOOG, & GNK. Short the Flu.
Note: I do not condone buying a stock before earnings.
Comments »In the words of Brian Shannon, from Alphatrends, “I’m taking it slow today.” I already mucked up two trades this morning, and am getting mixed signals throughout.
The rest of the week may be tricky to trade with [[JPM]] & [[GOOG]] earnings right around the corner, not to mention options expiration on Friday. So I may take it light for the remainder of the week.
[[INTC]] continues to be a good tell on today’s action, so keep that one on your radar. Mr. JakeGint wants to see it ovah 15.65 (23.3%) fib level.Airlines are ripping this morning, as crude sold off after the inventory report. However, crude is making a comeback, showing amazing strength, even with the terrible inventory number. My favorite name in the oil patch continues to be [[WTI]].
Note: [[ASIA]] is the number one stock in The PPT and has been on fire the past few days, keep a watch on that one.
Note II: [[JASO]] is my larget postion at the moment.
Note III: [[RFMD]], a Fly Fav, busted through it’s 200 day this morning.
Comments »There goes the green trendline again, only this time it’s job is support. If we do not bounce here, it looks like we’re headed back to 825-800.
I welcome this pullback with open arms of FAZ.
Note: This pullback is healthy for the market, I’m still bullish near term.
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