With the reaction we saw at 1880’s in $ES_F yesterday, it’s natural to consolidate yesterday’s gains here. Stocks are doing a decent job of accepting their gains. You still have to respect 1940 as resistance here, maybe even use that as a reference point to initiate shorts again.
It’s been a busy morning for me, but I managed to grab a few points in the $NQ_F this morning, I’m currenly long $CL_F at $31.35, $BABA weekly calls shortly after the open, and $AMZN weeklies I plan to hold into tomorrow.
What’s on your radar?
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Trying some GS weeklies for a catchup move in Financials.
Playing for that epic pop. #respect.
Still holding small GDX and UGLD from 18.45 and 11.17 respectively. Also, I have a small short via SDS from 21.98 which is currently underwater.
$NKE and $CBS
Sitting on my hands until something attractive pops up. GS might work for a couple of days. If I didn’t already have some Bio exposure I’d take a swipe at JAZZ.
Pretty classic action so far today – market trying to shake out longs before heading up
Might I suggest getting out of oil’s way for now?
I’m a long term bear and even in 1% long for the moment
why only 1% then?
I am long term bearish. Only committing 1% unhedged position.
KMI is up to a 5% position for me now and will rise faster.
Bought some $UGAZ after the selloff this morning. If it breaks the downtrend line on the 30 min chart will add more. Still sitting on my FCX position bought at lower levels. 80% cash going into the GDP report.
What an equity struggle today between the bulls and bears.
USG – every morning it gets sold and every afternoon it comes back. I’m thinking sellers exhaust themselves and then it breaks out. Thanks for the pick OA
Also any thoughts on AMBA? It’s back the the middle of it’s 2016 move. DDD has been in a rising channel since late January.
I have a good sized position, but sitting underwater at the moment.
$SSTK looks good on a pullback. Volume pocket above
Still holding TNA. I’m thinking we have a nice move to 1,100 for RUT
Too funny. P&F charts now show a 1,204 price target for $RUT. That’s a bit extreme. I wonder what the target was at 950.
Pretty sure that was the target. I think I screenshot the chart somewhere.
What was the target? 1204 even when it was at 950?
I’m saying on the sell signal, I believe 950 was the target.
Oh wow nailed it. If it nails the upside that would be insane
I’d yolo lower prices tomorrow, but am already as short as I’d care to be. I like that $USG into weakness tomorrow, and $VDSI if it finds $13.70 one more time. Financials continue to befuddle me. I may just start buying without a plan because even I’m sick of hearing me talk about it. I think we may raise rates in March, which is why I’m short MLPs and stalking some REIT shorts, but playing long financials could do the job too.
I don’t have any short positions at the moment but that seemed kinda weak. I guess tomorrow is where we gap up 20-30 points
Why isn’t gold moving lower with this move up in equities?
Sold my SPY calls at close from Tues. Looking for a slight pullback/ consolidation to rope in bears at lot of whom have been targeting 195 for a short level. Wouldn’t be surprised if next week they jam it higher once enough people think we are going back down again.
Looking at a long term play, i.e. 1 yr out, going long grains. Need to do more research over wknd though.
Pain trade tomorrow is a big move up right? Gotta be
NLFX has a nice falling wedge on the 1 minute chart – yolo’ed 96 calls here.
hmm second week in a row that NFLX coils up and then pukes after lunch…
Normally I would have bot SCO at 152ish, a buy Friday then a buy lower on Monday.
But I did not.
SCO behaving like UWTI did when it stair stepped down.
Will begin accumulating SCO in the low 140s
Am I the only one pissed off about missing out on the dips? Not sure why I’m not pulling the trigger. $SPX filled today’s gap up, then shot higher. It filled it to the exact closed of yesterday, 1951.70
I’m pissed out about this oil fade
Some very impressive weekly candles forming in the banks for those of you who think the market is coming unglued…
Yeah, I followed you on BAC yesterday, maybe there is something to this whole economy thing…
I was going to be my usual reckless self and buy this week’s BAC 12.5’s calls but I went with the Mar 14’s. Getting paid a lot less on the 14’s right now but I have another 15 days to ride.
Been following that too. I like WETF. Nice risk reward profile. Also SBNY and NTRS.
Biggie smalls ($RUT)
Curious where the boot camp videos are archived and if After Hours subscribers receive access to them or are they an up sell?
Thanks