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Finding That Bottom & Why I Bought GOOGL Today

Every once in a while preparation meets luck and magic happens. Yesterday afternoon I tweeted this to my subscribers    This morning per my thoughts above I was patient and waited to see if we flushed. I know I could have been wrong, but easier to be wrong while waiting patiently on the sidelines instead […]

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Guest Post: NRG Bullish Option Trade

Guest post written by Jerremy Newsome: @newsomenuggets After reviewing the energy sector I came across NRG, which broke through strong resistance in March after two failed attempts in October (see arrows). Recently the stock has retraced its entire bullish wave {from March to late June} back to that support at $29.00.  On August 19th a one […]

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Taking Out the Premium #SassyMusings 8/14/14

That is what the market was up to today. Good job to anyone that sold premium this morning. Yields going back down and supposedly banks are a tiny bit (as in barely) more loose with their lending so go get that mortgage. GRUB was a huge win yesterday in case you missed me bragging about […]

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A Whole Lot of Nothing Going on, but…#SassyMusings 8/12/14

But….I met Josh Brown who is one of the nicest most dynamic men I have ever met and look forward to upcoming interactions with him. I got to meet Barry Ritholz for a second as well; a bonus to an already awesome experience.  Now regarding the markets today. Meh. They staged a small bounce in the […]

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Nice Winners in a Slow Downtrend #SassyMusings 8/7/14

Very interesting the way the sell-off happened today. The first time SPX was making new lows, but there was divergences with breadth and some momo stocks either going up or holding well. Second time was a bit more pronounced, but still not crazy heavy as we have seen before. As I’ve been saying one of […]

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Patiently Waiting #SassyMusings 8/5/14

There is a bounce coming somewhere. We have had three sessions in a row with a negative 1400 $TICK and the charts I have been posting regarding being oversold are either at levels we bounce off or very close. However, as I said this weekend in my Post Where’s the Bounce Yo,  it seems too many […]

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All About PCLN #SassyMusings 8/4/14

And I find it so unfortunate that I was not in it and did not participate in the fun. Very slow start to the day that ended up going much higher. I’m not sure if it was pure buying or short covering, but either way it went up. If we continue higher tomorrow in the […]

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Down Down Down #SassyMusings 7/31/14

All day long. Never fun when you are long positions. I am glad that I have been mostly staying away from short dated options. Maybe new month money comes in tomorrow for a decent rally? I think it could happen also taking into account being short-term oversold. Then the question is, have we seen the […]

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All Eyes on TWTR #SassyMusings 7/29/14

Actually your eyes are probably on TWTR often, but this time I mean the stock not your feed. Very nice day overall for my positions. Kind of in a rush today so not going to update all the positions I’ve mentioned in my #SassyMusings. I did sell the QQQ calls from yesterday though which was […]

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A Bit of a Market Surprise #SassyMusings 7/28/14

Ok let’s be honest, a strong bounce off lows this morning really isn’t any surprise. At least it shouldn’t be. Things definitely looked bearish this morning, but the bearish stuff I read all weekend was a little much. Seemed everyone was expecting a correction. I just can’t follow along when we are clearly in an […]

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Shorts Taking it on the Chin #SassyMusings 7/24/14

And the saga continues. Today was Z and TRLA. Man that had to have hurt. Very choppy day. Was a balancing day. Trend still bullish. However, with those small pullbacks we keep getting I say better to go out further out if using options. That way if you get stopped out there is still premium […]

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You Would be on Cloud Nine if….#SassyMusings 7/23/14

If you had bought a ton of PBYI calls yesterday. Oh well! Regardless biotech in general is also doing nicely and there are a lot of names I am very interested in getting long. GILD can make that even better if they report well. Being patient for now. AAPL monster today and dips should be […]

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Rangebound Digestion #SassyMusings 7/22/14

So everyone eats burrito’s and CMG is a monster, while NFLX is just meh. I posted this morning that the risk for NFLX this week was to the downside based on below and that investors obviously weren’t that impressed.  Next up, AAPL. Yes the bulls are still in charge. SPY went though the 198 calls and […]

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Let the Games Begin #SassyMusings 7/21/14

Let the fireworks begin! CMG and NFLX – fun times!!! Market just hanging out as if it is waiting for the next catalyst to make a move. Earnings could potentially be that catalyst, but until we see a bigger move the trend remains intact. As I said over the weekend I am currently working under […]

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Not so Pretty #SassyMusings 7/17/14

In the scheme of things what the market did today really isn’t bad. We are still near all time highs; however, if you are holding call options it seems really bad. I definitely got hurt today. Luckily I have for the most part stayed very light (mentioned over the weekend and the last two weeks) Choppy action […]

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It’s a Sea of Mixed Messages #SassyMusings 7/16/14

Old tech is back! Actually it’s kind of been back this entire year. As long as I can make money off of it I don’t care. On Monday I couldn’t think of a good chart to post for my chart of the day so I thought I would give a set up that I had, MSFT- […]

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Welcome Wall Streets Newest Analyst #SassyMusings 7/15/14

Warm welcome to Wall Streets newest Street analyst, Janet Yellen. Banks have delivered this quarter and I’m pretty sure a lot of people are unhappy to see their theories get trashed. Given that much of what was sold off recovered by the end of the day, is anyone taking Yellen seriously or are they just […]

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Well, ummm…. #SassyMusings 7/14/14

I wish I had something eye opening to say, but yeah ummm, I really don’t. I came in holding V and AAPL which I sold out of and kept a runner. I bought GRUB today and it looks good so far. Little bit of a fade toward the end of the day, but I am […]

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If I Was a Bear… #SassyMusings 7/10/14

…..I would be hopeless today. If I had come in a bull, I would have come in super annoyed that all my longs were down, but would probably have hopium that they come back (yet not actually thinking they would). Well I guess hopium worked….that or the PPT. I have been keeping things light and don’t […]

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Snoozefest #SassyMusings 7/9/14

I’m not sure if the market is getting more boring or if my boredom levels are more sensitive. FB which I bought yesterday off the 50-day (I tweeted a chart of it yesterday) worked nicely. I’m out of the trade for now. So far the bounce I discussed on the Option House pre-market show today […]

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