“Art washes away from the soul the dust of everyday life.” – “Don” Pablo Picasso
I did very little today, merely observing the tape for the most part. I bought more YELP. I did to too early. My trigger was a bit higher, and when I had the NASDAQ futures pinned down with laser focus I saw the force I thought could propel YELP into my trigger. Instead it just traded flat while the market went on a rip.
And I am okay with that.
There’s a chance my TWTR weekly calls, the $65 mark, will be lottery losers tomorrow. It seems the gambling class flooded into the strike via their local gas station clerk, while they bought their cigarettes and dinner. Fortunately, I hold a modest common position. Also, I have a little bit of dry powder, should I see fit to buy more time on the play.
Amazon is getting smashed in the mouth (no 90’s) after “missing on the top and bottom” which is fancy talk for people are disappointed. Usually they miss top and bottom and everyone elates their commerce prowess regardless. Google is flat but the NASDAQ turned nose down into the close. Which brings us full circle to something more important than any earning announcement—my PLAN.
You live by your plan, your plan is yours. But your plan is useless without you. There are many other plans, but this one is mine, and it is playing out like a etude from Chopin—technical and powerful. Let’s have a look, shall we?
If this plan holds true, tomorrow may be the best buying opportunity of the 1st quarter. Only time will tell.
Goodnight.
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We might go lower, but we’re heading higher first. Nice job with the FB yolo.
indeud and thank you