Wednesday, February 10, 2016
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$NFLX has Found Its Footing

netflix

Netflix has found its footing and running once again this morning. The stock is on top of today’s runner screen and squeezing shorts here. Today’s full runner screen can be found HERE.

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Leaders this morning can be found within healthcare. Here are the top industries:

Screen Shot 2016-02-10 at 9.06.30 AM

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Oil seems to be putting a damper on today’s move, let’s see if the commodity can turn positive on the day.

Screen Shot 2016-02-10 at 9.09.59 AM

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$SCTY Smoked On Earnings

sonnenschiff-solar-city

$SCTY SolarCity Reports Q4 EPS $(2.37) Vs est $(2.59)

Sees Q1 EPS $(2.55)-$(2.65) Vs Est $ (2.36)

Shares are off more than 20% in after-hours. $TSLA up tomorrow.

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Bait or Bounce ?

fab920482f68c8e5356bf4e1a5b96a5d

As the market starts to find buyers here, let’s take a look at today’s runner screen: CLICK HERE FOR CHARTS

$NFLX & $TSLA finally found some buyers and are attempting to bounce today. I also like $BLUE & $MBLY from the screen

I took on a little long exposure and added two new longs to the portfolio this morning. Details can be found inside our trading room, 12631.

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Monday Night Charts

peytonbeer

$RUT Russell 2000  – The small cap index, often known to gauge the appetite in risk, undercut the lows made back in January today.

Screen Shot 2016-02-08 at 7.42.12 PM___

$XLF – Completely fell out of the bear flag pattern we were watching last week. They key to any sort of bounce lies within the financials:

Screen Shot 2016-02-08 at 7.44.53 PM__

Gold was the strongest industry on the day and continues to find buyers:

Screen Shot 2016-02-08 at 7.53.18 PM
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Heathcare took it on the chin today, down over 3% on the day, with Utilities holding up the best, (defensive in nature). Here are the top industries on the day:

Screen Shot 2016-02-08 at 7.55.00 PM

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As for today’s movers, here are a few worthy candidates: CLICK HERE FOR CHARTS

 

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Happy Lundi Gras

mardi-gras1

I sat on the sidelines today with popcorn in hand. It’s Lundi Gras down here in N’awlins, and my trading has come to a standstill.

The bears had a chance to make this Monday that of the “black” variety, but couldn’t seal the deal late in the day. Watching today’s action was very reminiscent of 2008 when all hell broke loose. Watching $CHK trade down to a $1 handle, watching the banks get poleaxed intraday, I was surprised to see such a sharp rally near the bell.

We all know the best rallies happen in bear markets. Will today’s late day move stick? Doubtful. We have yet to see full blown panic with a breakout “parabolic” move in the vix.  We were close today, but didn’t get it.

I will continue to tread light here.

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