Reasons For & Against The Market Continuing Higher

This post is written with regard to the short term trend. For the market going higher short term: We have not repaired being oversold on several metrics. The two charts displayed below are of S&P stocks making 20-day lows and S&P stocks below their 50-day MA   Since 2013 all small dips have been buying opportunities. […]

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Back to Your Regular Scheduled Bull Market Or?

With headline risk recently heating up, the SPX under its 50-day MA and the IWM under its 200-day MA things seem a bit murkier than they have in our previous quick stanp-back corrections that began in 2013. Furthermore, the impressive streak the European markets have had, notably the Germany’s Dax index, ended at the end […]

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Set-ups for Week Starting 8/11/14

Well we finally got a decent bounce on Friday after waiting for it all week. Was that the bottom? I have no clue, but it doesn’t really matter either. For now we go with the bounce and see where it takes us. If SPY falls below 192, it will be less convincing that it was...

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Open Interest for Expiration 8/16/14

This is the monthly expiration so many of the heavy calls strikes (and sometimes puts depending on how heavy the market is) become walls. SPY: Unfortunately there is not too much we can glean from this open interest right now because there aren’t any outlier strikes here. 192 holding would be a good first step.  AAPL:...

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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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Where’s the Bounce Yo? + Overcoming FOMO

There is no doubt that their was damage done last week. Not just to the charts, but probably your psyche. Traders have been trained to buy every dip over the last couple of years, but last week, bounces were shallow and sold into. If you tried to catch a bounce and it didn’t work, let […]

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Open Interest for 8/8/14 Expiration

SPY: We are already starting off way below those puts so unless we gap up strong there is nothing preventing us from going lower except the oversold readings we have. If we start pushing up through those puts, then all those puts could escalate the rally as market makers buy SPY to stay delta hedged. ...

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Set-ups for Week Starting 8/4/14

Trend: Short-term: bearish Intermediate: mixed Long term: bullilsh We are in murky waters right now. Unless we are entering bear market territory, which is unlikely at this point, we are going to have a pretty decent rally at some point next week. When that happens we are not going to know yet if it is...

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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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Open Interest for Expiration 8/1/14

SPY: We have a very large range here and perhaps we will get a large range of choppiness next week with GDP, Fed rates decision and Jobs #’s. 196 is where we can look for support and an area to get long if it gets there. With regard to going  higher, it has room to...

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Volatility Perking Up Next Week?

Below is an excerpt of what I wrote last weekend.  Indeed we did see strength followed by weakness and a close below 198. Despite many bullish earnings releases on some of the momo names such as AAPL, FB, and BIDU the market is showing some relative weakness particularly in the IWM. We have seen this […]

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Set-ups for Week Starting 7/28/14

Hope everyone is having a nice weekend. I think there is a good chance we are in for chop next week and a pick up in volatility. We have more earnings, GDP, the Fed, and Jobs #’s. My hope is that we start the week off weak in which I will buy dips (as long...

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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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Only Earnings Can Save Us Now

Just kidding. Everything saves this market. Regardless I don’t see us out of the woods just yet. We had a remarkable turnaround on Friday, but I wouldn’t say the coast is clear. As I’ve been saying for several weeks now the short term trend is choppy consolidation. The longer term and intermediate term trend is […]

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Open Interest for 7/25/14 Expiration

Many of these names have earnings next week so these graphs aren’t that useful just yet. After they report though I will update their charts and post them by morning so we can see if price gets affected by high calls or puts anywhere. The overall market I’m just not sure about. I know everyone...

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Set-ups For Week Starting 7/21/14

The simple truth of the matter is no one has a clue what ride this market is going to take us on next week. If they say they do and you follow them on twitter, I recommend you unfollow them. Historically we are entering into a seasonally weak period. I definitely do not let that...

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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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Open Interest for 7/19/14

The main takeaway that I glean from this and where the overall market is that we will remain in a rangebound choppy market next week. SPY: Just based on this alone, I see a range of 195 to 199, which tends to be more bullish than bearish as we have room to go up more...

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Set-Ups For Week Starting 7/14/14

Hope you are all enjoying your weekend. Here is the current market picture: Long term trend: up Intermediate term trend: up Short term trend: range-bound, possible pullback There are times when I have trouble choosing from so many set-ups and times when I find few and don’t trust the market environment for even those that I...

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Cautious in an Uptrend + SPY Open Interest

Last weekend I discussed being very much on the sidelines as I saw the possibility of rangebound action or a pull-back. The IWM, just as it did a few months ago led the way down last week.  Although the Russel is helpful in gauging the overall risk appetite of the market, it should not be […]

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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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Timber!!! #SassyMusings 7/8/14

I’m writing this before the close cause I have to leave early so if something crazy happened at the end of the day some of this won’t be relevant. My IWM call buys that I mentioned yesterday sure didn’t work. But boy am I glad I sold out of most of my long runners yesterday while […]

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Taking a Breather #SassyMusings 7/7/14

A bit of a healthy consolidation day. The selling was never heavy or panicky. I still think we will likely stay below those calls in the SPY open interest that I highlighted this weekend. The IWM not pretty today, but I actually bought calls at the end of the day near the 20-day. I’m thinking […]

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Higher and Higher and Higher

When will it run out of gas???? I honestly have no idea, but I will say that this market is certaninly unreal. I am very thankful that I have been on the right side of it and benefitting along with other bulls. We are at all time highs, we had good job numbers (on the […]

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Set-ups for Week Starting 7/7/14

For now price is telling us that things are bullish. The set-ups I posted are all long and some of them I would like to try to get on a pull-back. There are a decent amount of set-ups below, but I want to keep my trades limited because I think it is important to see what...

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Open Interest for Expiration 7/11/14

I see the possibility of a pullback or rangebound consolidation in the indexes. Depending on the extent if that is the case, some of these momo’s won’t work long so as always I will do my best to trade what I see. With earnings coming up we may see some run-ups into them so that...

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Shorts Crushed….Again! #SassyMusings 7/1/14

This will be one of my worst posts, but it already feels like the holiday started. Bottom line, overbought or not things are still moving and I think if we keep going higher it won’t be so great for the market, but if we just consolidate sideways then really no reason to short just yet. […]

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ZZZZZZ #SassyMusings 6/30/14

The only thing I posted publicly this weekend was this tweet:  I was much more detailed to my subscribers and so far it was OK. Nothing breathtaking. I came in holding SINA as I mentioned last week in my SassyMusings. I bought GS and AAPL this morning. And I started position in BIDU and V […]

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Open Interest for 7/3/14 Expiration

Keep in mind that all weekly options you buy expire Thursday at 1:00pm EST. Overall I actually some pretty decent opportunities to get long and try to get quick gains. AAPL: I see a lot of people bullish and admit the chart looks rather enticing. I think if it can really get above the second...

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Set-ups for Week starting 6/30/14

Hope everyone is having a nice weekend. Keep in mind that next week is a short week and markets close on Thursday at 1:00pm EST. Things appear bullish for the most part, but I still think we aren’t out of the woods. Because of that I want to keep myself from being too overly exposed....

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Go USA – Sort Of #SassyMusings 6/26/14

Well Team USA didn’t win, but whatever we qualified. I don’t have too much time today and am mentally exhausted so will keep this short. I’ve mentioned for two days that I really lightened up cause I thought we would go lower before higher and we did in fact do that, but barely so I […]

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Really Must Suck Being a Bear #SassyMusings 6/25/14

Well glad that my short term bearishness yesterday didn’t get the best of me. Good thing I’m not stubborn. I got stopped out of my FB puts early this morning for a loss and then got long a couple things. I am still leaning short term bearish, meaning I see the possibility of going lower […]

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Sell Sell Sell! #SassyMusings 6/24/14

Well it was bound to happen. Can’t make money everyday. Well maybe you can, but I don’t. I’m kidding by the way regarding the title. Got stopped out of several stocks today. Some still in profit and some for a loss. The ones I think I mentioned yesterday I am basically all out of now. […]

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Individual Stocks Keep on Paying #SassyMusings 6/23/14

Nothing to complain about here. Good day for us. I came in holding DDD and GOOGL calls. I bought FSLR right off the open when it was down and sold a 1/4 more of my swing calls that I bought when it was at 61. I sold the rest of my CELG. I stopped out […]

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Open Interest for 6/27/14

Don’t have any overall comments so will go straight into it. AAPL: I did NOT like how it closed on Friday and I’m holding options for two weeks out. I don’t know what that dump was about and we will just have to see what happens Monday morning. I will do my best to get...

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Set-ups for Week Starting 6/23/14

Hope everyone is having a nice weekend. Once again I found a ton of good set-ups. Honestly there were so many it was hard for me to pick among them so as usual I may throw some out there during the week that aren’t here. Once again I cannot take all of them and I...

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That Was So 2013 Yo

The first half of 2014 has almost become a faint memory. The last few weeks have been amazing for those that were on the right side of the market. The bulls are having a party and the bears have once again proven that being stubborn only hurts themselves. However, as a participant in this recent run-up […]

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Have You Heard the One About a Dull Market? #SassyMusings 6/19/14

Never short it, Yo. Speaking of Yo, if you want to Yo me I’m as Sassyspy Great day to be long CELG, which I mentioned here two days ago. Of the other ones I mentioned here, GOOGL looks good, OWW looks good, YHOO – meh, and ABBV (mentioned on TWTR) – meh. If you want another […]

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It’s a Bull Market You Know #SassyMusings 6/17/14

O-M-G, today, this week, this month, AMAZING!!! If you missed this latest move I’m sorry, but maybe you should take a minute and ask yourself why? Were you stubborn, just didn’t believe it, following someone else? I am not trying to sound like some master. I definitely am not. Anyone can make money in this […]

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Sund-oops, I Mean, Monday Fun-day #SassyMusings

  If the above was you, then I imagine you were short today. Some days a mixture of homework, preparation and luck just makes for a fantastic day. Today was one of those days. Had a huge day in TSLA, SPWR, TWTR, FSLR and TRLA (the last two of which I wrote that I bought last week […]

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Iraq, Fed, Triple Witching and Stocks to Watch

The last few weeks I have discussed the trend being up and the 2013 type of environment we had. It was good for those that were long. Momentum began to slow last week which should not have come as a surprise as the market had become overbought according to many different measures. I still believe […]

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Set-ups for Week Starting 6/16/14

Hope everyone is enjoying their weekend. I don’t quite know what to expect next week, but my guess is some chop, profit taking and dips being bought. I also want to see what sectors are hot next week. Energy picked up again last week and I will look for continuation there and see if financials can continue to...

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Open Interest for 6/21/14 Expiration

I typically like to monthly ones better because they tend to be more effective. Unfortunately, many of these are all over the place and don’t have clear ranges including SPY. But we will take a look anyway and try to find short term opportunities with them. SPY: Completely all over the place, which is also...

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Bulls Fumble #SassyMusings 6/12/14

Another odd day when the indexes were dropping, but there were pockets of strength. To be honest, I didn’t even realize the indexes were dropping at first this morning cause pretty much all my stocks were going up. Unfortunately that changed, but luckily the damage wasn’t horrible for my stocks. I said yesterday that we […]

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Bear Tease #SassyMusings 6/11/14

Ouch, that had to have hurt if you have been bearish for a few weeks. Still getting that 2013 type of market. Ride it until it doesn’t work is better than trying to time the end of it. First, if you haven’t checked out my pre-market interview this morning on Benzinga, check it out :-). […]

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Seems the Tortoise is in the Lead #SassyMusings 6/10/14

As part of my service I  periodically tweet out market stats (such as breadth and what I am seeing etc)  throughout the day. This morning I mentioned the bifurcation in the market as breadth was lower, SPX was moving lower (even taking out the lows of the day at one point), VIX was higher and yet […]

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Anxiety is Palpable #SassyMusings 6/9/14

By no means is it easy for me to stay long. I can feel the anxiety everywhere and I can’t pretend it doesn’t affect me. Having said that it is also what helps me stay long. I sense most people are either 1) short 2) on the sidelines waiting for a pullback 3) very very […]

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Set-ups for Week Starting 6/9/14

Hope everyone is having a nice weekend. I have a lot of set-ups here. Some are swings, some a bit more short term and riskier. There are other names I am watching for short term plays, but I didn’t want to list everything because at some point it gets overwhelming. Some of these I discussed...

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Open Interest for Expiration 6/13/14

I’m not sure we will have the same type of momentum this week with the momo’s as last week, but I’m going to be open to it and not assume these will all hold. Regardless they can at least give us some insight. AAPL: I don’t even know why I’m posting this because we are going...

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2013 Déjà Vu

Ok so it’s not exactly like 2013 as the first half of the year was nothing short of a trap to anyone who stayed in the 2013 mentality. However, as I posted about three weeks ago, the environment was sure presenting evidence that we were going to get that type of surge. I said it […]

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2013 Style #SassyMusings 6/5/14

For the last couple weeks I have expressed that the market felt very much like 2013 and that I was bullish. Today confirmed that. If you were long, you were paid! Now things will probably get more difficult at least while some of these gains digest. However, for now I still think we have amazing set-ups […]

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Boolish #SassyMusings 6/4/14

I got nothing exciting to say here. Good day, great week. Swings are finally working and paying. Locked in some gains today. ECB tomorrow. I have zero clue what will happen, but I will go with the path of least resistance until that changes. So I’m boolish. People seem pretty anxious right now (anecdotal) and I […]

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Focus on What’s Working #SassyMusings 6/3/14

Had an awesome day today. As I mentioned last week and over the weekend and in several tweets, I was seeing tons of great long swing set-ups in healthcare and industrials. I positioned myself nicely to benefit from them, which I have been since last week. So far this could still play out, which is what I wrote […]

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Another Day for the Bulls #SassyMusings 6/2/14

I took a break from SassyMusings last week. I got lazy after having a 3-day’s off for Memorial day weekend. It happens :-). Nice day for the bulls. Morning was gross, but BTFD worked and for now I’m going with what is working. Had a couple good day trades in GS and GOOGL and put […]

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Summer of Set-ups

The statistics state that we are about to embark on the worst two months of the year for stock returns. I say rubbish. How great would it be if Wall Street was trying to enjoy their Hampton summer homes expecting dreadful market returns in June and July only to be met with fear of missing […]

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Set-ups for Week Starting 6/2/14

I have a fairly long list of set-ups, but after a while it gets to be too much so I tried to sort through my favorites. The market may pull back this week as we are a bit overstretched, but I don’t want to be constantly on guard for a pullback that I can’t time...

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Open Interest for 6/6/14 Expiration

AAPL: Last week price was over the highest call open interest and we saw that it never looked back. This week it is in the middle of those two strikes. AAPL has heavy resistance around the 634 area. If it gets above there then odds are it’s going to keep going higher. If it never...

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This Time ‘IS’ Different

According to the efficient market hypothesis, no investor has an advantage in predicting a return on a stock price because no one has access to information not already available to everyone else. This year has been a frustrating one for both the bulls and bears. Regardless of the lack of returns thus far in 2014, […]

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Open Interest for 5/30/14 Expiration

Hope you are all having a good weekend. I want to be cautious with these because if momentum stocks do end  up with follow through from last week then the open interest will change. The strength could be attributed to the low volume holiday pump, but even so that could spark them to keep rallying. Also,...

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Set-ups for Week of 5/26/14

Hope everyone is having a nice long weekend. I have good news and bad news. I will start with the bad news cause I like to get it over with. The recent puts we bought we may have to finagle our way out of on any minor pull back and will likely incur some losses on...

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So is This Bearish or Just More Chop? #SassyMusings 5/20/14

Well well well, what do we have here? SPX once again remains in chop. Today was a good day and it’s because I stuck to my plan and didn’t let noise shake me out this morning (which I have done many times before). The morning was weak, but then we began to recover and I […]

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Open Interest for 5/23/14 Expiration

Often when I look at the open interest I will see a theme, such as lots more puts or lots more calls, but it’s very mixed this week. There are a quite a few opportunities we can possibly seize on, but I think they will depend on the environment and if they trigger. The ones I think...

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Set-ups for Week of 5/19/14

The direction of next week is a mystery. When I look at the indexes and the breadth indicators I am neutral to bearish; yet I have more longs on this list then shorts. That is partly because I think some industries are just doing better than others and because I don’t actually have many set-ups. I...

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What’s New Besides More Chop and What to Keep Focused on

The bottom line is that there really isn’t that much new to say regarding the markets so I will keep this brief and highlight some things I think are important to keep track of as the chop continues. I’m seeing many people expect some type of resolution to this chop next week. It’s possible and […]

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For Curious Minds

Among many other things that I provide all week to my members, each weekend I post open interest and my thoughts. For those who have asked here is what I posted on Saturday before the week began. You can see many of them worked nicely if you new where the levels were. One thing I […]

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Fugly!!! #SassyMusings 5/15/14

Well I for one did not come into this morning expecting what we got. If you did, bravo! The good news is that when I got long on Monday, I took most of my profits already except for a couple runners (because you just can’t hold anything in this market). The bad news is I […]

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Good Day To Be A Bull Today #SassyMusings 5/12/14

Last week before the close I told my subscribers that I felt a nice gap up coming. I then wrote about my expectations for a bullish week to non subscribers here. So far that is looking good as well as the transportation and industrial sectors as I mentioned. Our entire watch list pretty much triggered […]

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Open Interest for 5/17/14 Expiration

These are typically more helpful on monthlies than weeklies so I put all of the usual’s instead of just the ones that stick out more. Hopefully we can get some good short term trades out of some. AAPL: Last week I described exactly what would happen and it happened perfectly. This coming week I’m not...

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Set-ups for Week Starting 5/12/14

Hope everyone is having a nice weekend. Before I begin, I wanted to let you know that I am making a change to how I will be calling out trades. The way I have been doing it just isn’t working due to the variety of subscribers I have. I have been trying to pick strikes...

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Follow The Rotation, Follow the Money

Another week has gone by and little has been resolved in the markets. Pretty much everyone is clueless and making up explanations for every movement that takes place. This is the type of environment that is wise to be patient in and to cut back on trading activity. The QQQ and IWM are still removed […]

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This Market is on Crack Yo, Part III #SassyMusings 5/8/14

All day long, WTF goes through my head. Musk had a mixed day…..TSLA taken out back, SCTY rises like the sun (except in NYC where it never rises anymore). PCLN almost did a round trip. Get it, “trip.” Ok never mind, lame I know. If you think you know something, you don’t. Or I don’t. […]

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I Don’t Know Sh$t and Neither Does Anyone Else #SassyMusings 5/7/14

When you take a step back and just look at how the markets are trading, it’s actually humorous. For instance, first thing I noticed this morning when we were selling off were the financials were holding up. The only thing I could think was WTF? No one really knows what the F* is going on, […]

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Twitter Tarnished Tuesday #SassyMusings 5/6/14

Now the third time I got to recycle that picture. It was inevitable that a Tuesday would fail. I’m sure you knew that….I hope you did. Yesterday wasn’t much fun for me. I didn’t enjoy missing out on the bounces, but I stuck to my plan and today was good confirmation of why I have […]

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Update of Open Positions With Notes

It’s me one more time. Just wanted to update our open positions (most that aren’t doing as well as the ones we have closed). I have notes on all of them. The notes are to tell tell you what my thoughts are regarding our position, but also they are there to educate you. ...

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Open Interest for 5/9/14 Expiration

Here are the ones I find have anything usable. Again I want to note that these haven’t been working as well in this choppy environment as they typically do because they change so much during the week. But doesn’t mean I am going to stop monitoring them :-). AAPL: If I had to guess, AAPL...

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Set-ups For Week Starting 5/5/14

Hey Guys, happy weekend to you all. First I want to acknowledge and give a shout out to those of you that have now been with me for a month and have decided to stay. I appreciate you believing in me and taking a chance on the new girl. I want you to know I am constantly...

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Simple Explanation for the Current Market

Every week we see that markets are near highs. We read and hear that we “are due for a correction,” that there are bearish divergences based on endless indicators, that we are in a bubble that can’t sustain itself. And yet, we look at the indices and nothing looks ominous. Yes the QQQ‘s and IWM have […]

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Bird Down Part II #SassyMusings 4/29/14

I am recycling pictures from last earnings. Honestly not sure why so many people went long TWTR before earnings. Not that I’m hating, but it wasn’t like they did anything meaningful to make me think metrics had changed. Plus even earnings beats have been beaten up this season. Anyway, if you are down, I am […]

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The Entire V-Shape Reversal in One Day #SassyMusings 4/28/14

We used to get V-shape reversals that lasted at least a couple weeks, now we have both the down and the up side of the V in one day. What’s interesting is that while the indices pretty much made up all today’s losses, many stocks that sold off this morning did not. If I counted […]

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Open Interest for Expiration 5/2/14

Here is some open interest charts. I’m finding that in this very choppy environment the weeklies are not working as well and that the open interest is drastically changing from day to day, whereas in treading markets it doesn’t change so much. For that reason, I am going to focus less attention on how it...

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Set-Ups for Week Starting 4/28/14

Hope everyone is having a nice weekend. I’m going to change things up just a little bit going forward. Given the bipolar nature of our market instead of having 10 or so set-ups over the weekend, I will pick around five of the ones I deem best and then as the week progresses add a...

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What The F%^$ is Going on Here Part II

A few weeks ago I wrote What The F%^$ is Going on Here (Part I) and I just read the introduction. I could probably just copy and paste it here, since not much has changed. High growth momentum names are still getting crushed, utilities are still outperforming and the SPX isn’t selling off in the […]

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Market Back on Crack #SassyMusings 4/24/14

So we get a few flat days and then have big up/down days. They are getting less exciting. Where are we going from here? If you say you know then more power to you, but I don’t believe you. AMZN pretty much flat after earnings so far. Let’s see what the king of magic Bezo’s can […]

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A Little Bit of Market Churn #SassyMusings 4/23/14

FB reported great earnings, but so far fairly muted response. It’s early. Do people really play ZNGA games still? I guess so. GILD had amazing earnings and only closed up 1.4%. So you could make the argument that the bull market is over. However, I would keep an open mind and say maybe the bull market […]

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Still Trying to Navigate the Confusing Market #SassyMusings 4/21/14

NFLX up a little right now (10 min after the close). Good earnings, good guidance and going to charge more for new subscribers soon. That should be good for the stock, but let’s see if people who didn’t get out above 400 sell into it or not. Will be a big market momo test. Day […]

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Open Interest for 4/25/14 Expiration

AAPL: Honestly I’m surprised at how muted the open interest is for an earnings week. There is nothing I can see as helpful currently. Maybe after earnings.    AMZN: If it gets over 330, but those calls stay the same then could be a good short at the end of the week.  BIDU: Let’s see...

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Set-ups for 4/25/14 Expiration

Level 1: This is the last week I will be posting for Level 1 and I will make sure all your recurring payments are canceled before anyone gets renewed. Thanks for understanding. Hopefully I will get a chance to work with you in my premium level service. Good luck to you. Regarding these set-ups. I...

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Assessing the Mixed Messages of the Market

If you have been trading the markets the last couple of months you have probably recognized that something doesn’t seem right. If you traded these markets last week, then you really know something doesn’t seem right. The large swings last week were uncanny. It is assumed that the massive swings we saw are a day traders dream, […]

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No Such Thing As MaxPain Huh? Fine, Let’s Call It SassyPain

I’ve seen some stuff floating around twitter lately that maxpain doesn’t work. Well, I would agree if you use traditional maxpain, which uses dollar value as opposed to open interest and volume. You can read more about that here. After a couple years of tracking open interest on high beta stocks and watching stocks pin […]

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