Low volume day today. Classic fade. Market starts up firing, but where’s the volume? Market moves to equilibrium.
Notes…
- FAZ vs Market had improper pricing. FAZ did, however, mover properly intraday.
- Smooth correlation with VIX~SPX
- Got faked out on FAS long earlier in morning. Error was buying while VIX was in a uptrend.
- Long FAZ after VIX double bottomed later in day. Market sold off about -80 points. FAZ rallied all the way to the green after being down -9% from rally point.
Where is the obese singer?
Hmmm… trying looking here http://tinyurl.com/czlhww
Go Clippers!
Repeat from prior thread:
Gio, how’s ATW stack up to PDE on the PPT? Other than cap size their financials look similar.
Both are similar. PDE looks better. Much better fundamental score:
ATW has hybrid score of 3.15
PDE is 4.12
Very hard to find a stock with >4 on PPT right now.
It’s a shame I wasn’t home today =/ I love these “Contra-Trades”!!
FAS/FAZ, URE/SRS, UYM/SMN etc.
U missed out of some craziness Zmoose. FAZ was down -11%. Road it up to -5%. light volume today, so it was tougher than it looks.
Thanks Gio
Light volume kicks your bum when you’re trading FAZ… Done it before, and even though it worked out well, I sat by my comp. for @ least 2 hours straight with no pee/food break. I am quite upset I wasn’t home though =/
ha.. i know what u mean. expensive urine.
Expensive urine indeed lol