It’s setting up to be a critical week next week. If you have any remaining paid time off this year, forget taking it over the holidays. Use it next week.
Two main things you’ll want to watch early on. First, the relative strength in the Russell and Nasdaq was an important change in market structure. However, Friday’s breadth readings we’re not as supportive of a confirmed bottom. We’ll want to see the Nasdaq and Russell stay away from last weeks lows…regardless of what the S&P and Dow decide to do. That divergence will determine if we set up for a year end rally, or if we continue to migrate lower.
Next, the social media stocks. Heading into October, I discussed avoiding these stocks at all costs, and money was setting up to rotate out of these names. While that was the right call, I am now more constructive on these stocks based on price action late in the week. Stocks like YELP and LNKD were on the verge of breaking down from multi-month ranges, but decided to trap a few bears and rally instead. Take a look at this chart of LNKD. One of the most comical patterns in markets and stocks over the last 5 years has been the failed reversal pattern. If social media stocks, and other momo-stocks of last quarter catch a bid here, the market should set up for a nice year end rally.
My top picks: LNKD, GRPN, YELP, JASO, SOL, FSLR, YGE, WLT, CLF, X
That just about covers my Christmas wishlist for the remainder of 2013.
One last thing. I’ve never formally advertised this and normally wouldn’t care to do so, however there’s a significant opportunity that I want to extend towards those few individuals who’ve contacted me or expressed interest in my advisory service at www.tradingaddicts.com.
I’ve successfully helped thousands of retail investors over the 6 years I’ve been in business. Through the ups and the downs, we’ve beat the market handily in each of the 6 years in operation, while educating investors how to build better trading habits, manage risk, and build wealth in the financial markets.
As Trading Addicts takes a new step forward with a few opportunities I have lined up in the coming months, the membership fee has gone up in price. It’s not a significant hike, but an increase nonetheless. All existing members will be grandfathered at the old rate of $59 per month. If you have been, or are interested in a membership, I am going to extend the old rate of $59 per month for the remainder of the week. Semi-annual and annual memberships are also available at the discounted rate. After Hours with Option Addict members will also receive an additional discount for your elite social status.
For those that have asked, “What is the difference between After Hours with Option Addict and Trading Addicts?” At After Hours with Option Addict, the emphasis is placed on teaching a man to fish. We discuss how to locate trades, and I show members how to find and time some of the most explosive movements in stocks. Each day I provide members an edge from the perspective of market analysis and stock selection. You won’t find many individuals that have worked with me that will disagree with that statement.
At Trading Addicts, you get to trade with me, or follow my trades in real time. You get to see where theory meets execution, and how to manage money in the moment. The two services compliment each other, and in reality you truly are missing something not taking advantage of both.
If you are interested, please contact me at [email protected]. This will serve as the first and only advertisement I post. If you are on the fence, try it out. You can always cancel, and the investment is worth the return. I am one of few that genuinely care about my members, and am always there to help them beat the markets. Again, this offer will end soon.
For my members out there, I’ve never been as excited as I am now about the opportunities that lie ahead. Thank you.
Sincerely,
OA
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if you are blown away with the after hours analysis,,,you will form a deep bromance for Jeff and the trading addicts…multi year member here,and it can be life changing
98% are involved in Bromances when it comes to investing/trading..
just a guess there but don’t quote me on that percentage there, gator.
probably more like 99%
😉 )
and …on that note please allow me to share this classic tune. The Late Great Etta James.
http://youtu.be/WeoqZ4AUenI
nice…play some Kenny G. (pretty sure that’s Jeff’s favorite)
go for it, gator..
I’ll let you make his nite. It seems much more fitting that way.
😉
http://youtu.be/WMTb4qiJYJc
Sooz, “I can be a friend to you…”
there has never been any doubt about that, OA.
All in good fun.
OOh yes..good fun..indeed
Thanks Gator.
lol +1
Member since 2007. Trading Addicts will cut your learning curve by 2/3. Get educated – stay hungry. Poundcake out
Thanks breh
on a serious note..we play this year end right..we all could make some nice gains..thats gonna be my attitude
yes, very serious and truly honest..
always!
Email sent thanks for the opportunity and look forward to joining the community.
Looking forward to it. Thank you.
so AH members can access TA for less than $59?
What’s the cost for annual membership?
The monthly fee is automated, but email me for semi/annual discounted rates.
OA, I’m getting a “Forbidden You don’t have permission to access /afterhours/ on this server.” message when trying to access AHWOA this morning.
Let me notify admin.
Am taking OA’s advice and am going to ‘work from home’ today.
I’m getting forbidden error as well
GOGO yowww……huge win on this
Target? No price history overhead, I’m thinking around $24
Agreed… 23-24 based on an ugly triangle. But, I’ve got Dec options… that’s a lot of time, I’m thinking of holding this as close to expiry as possible — especially if we get the EOY melt-up.
I got out–from .37 to $3–650% !
I have 50% stk pos…wish I had more…lol.
Incredible trade Gents. Congrats.
email sent, looking forward to the new service. BTW, i’m in SPLK 65’s expiring at the end of the week. Do we see SPLK bouncing that high, or should we get out and preserve whatever premium is left?
I think it will bounce a bit from here.
JASO…F-ME.
ONVO looking good after a brief dip.
Update: Long JASO Dec 12 Calls.
I’m long JASO Nov 12 calls. With the jump today, I’ve JUST got premium back (so I lose a bit for fees both ways). Thoughts on holding or bailing ?
Loving your service, Jeff. Testing my newly found skills, would you say VHC looks like a breakout candidate?
Yes, but knowing the company makes me hesitate.
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