Impressive day today after the shakeout we had on Wednesday. You can almost feel the panic buying in the air today. We are not out of the woods yet, but it is a good start to see $SPX back over the 50 day moving average. It’s also good to see oil back over $50.
As for today’s runner screen, it can be found HERE. Some oil plays worth watching from today’s screen include: WLL, OAS, SN, SM, BTE, FRAC, & CRZO . I also like $X, $CF, & BITA here.
What are you guys trading here?
If you enjoy the content at iBankCoin, please follow us on Twitter
“What are you guys trading here?”…
Trade thesis #1: JBTFD
Trade thesis #2: Buy equities 3:30pm ET
Results YTD: Retirement by 2018
Been Trading BIDU June 210 Calls since last week. Bought some more on Wednesday and yesterday almost scared me out of them. Solid recovery today.
I like the BIDU
Still feel like oil names due for an explosion…Lot of the names you mention were much higher last time WTI was here.
Agree 100%
For the market to go higher, it needs tech to continue to do well. I also wouldn’t be surprised if there’s a strong rotation back into biotech and healthcare coming, as that is the second largest sector allocation in the S&P. By focusing allocations in those two areas, and consumer stocks (like Amazon) “they” can push the market higher, even if financials are lagging. I went to 55% cash on Wednesday morning, trying to preserve my 20%+ gain ytd. May not have needed to but we’ll see how this turns out in the next week. I’ve put some money back in the market today, as the S&P and now the Dow are looking to each print a reversal bar with a close above the Wednesday high.
What do you think? KOP, EME, SANM, PAYX, CAG, CIM, ATI.
I am Long SNAP Calls that expire this and next week