Set-ups and Commentary for Week Starting 12/15/14

Following seasonality almost perfectly the market fell out of bed last week. It has gotten pretty oversold on several measures, but could still get more oversold especially with everyone looking for the bounce. As of right now I still do believe we rally into the new year. What gets me a bit nervous is that...

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Open Interest for Expiration 12/20/14

Next week is monthly expiration so there is more calls and puts on each side that can push stocks around. VIX also expires on Wednesday morning. This month is one of the first in a very long time that there are more puts then calls so it seems people didn’t buy protection which probably exacerbated the sell...

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Set-ups and Commentary for Week Starting 12/8/14

The market is still very tight and rangebound with a more upside bias. It hasn’t done much over the last few weeks except for slowly creep up with tiny pull-backs not really letting anyone in. There is no saying how long that will continue. Seasonally next week tends to be the weakest in December (the...

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Open Interest for Expiration 12/12/14

With the momo names not doing very well lately I don’t see much edge with most of these below. My favorites right now are FB and GS to the long side. If some of the others can start to pick up next week then it would be really constructive since most of them are no in...

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Set-ups for Week Starting 12/1/14

Friday didn’t end on a high note and didn’t ramp into the close. Those are things that warrant our attention, but unless we see any follow through next week then path of least resistance is higher. Below I have set-ups mostly to the long side except for one. As promised I am going to give...

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Open Interest for Expiration 12/05/14

SPY: For right now the range is 204 to 208. I don’t want to make predictions on what next week will look like cause although some of Friday’s action seems indicative of the rally being long in the tooth, it’s hard to make much about holiday trading. We need to see some downside follow through...

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Set-ups and Market Commentary for ThanksGiving Week

Thanksgiving is next week and speaking strictly from a seasonality viewpoint it tends to be bullish. Volume will be light so we could see some big swings in stocks. Note that if you buy weekly options you should probably try not to hold them after Wednesday (unless as a lotto) because the market is closed...

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Open Interest for Expiration 11/28/14

Next week is light with the market closed on Thursday and only a half day on Friday. Thanksgiving week also tends to be positive so there could be some good moves in stocks with light volume pushing them all over the place….also means you should be quick to take profits on winners. Having said that...

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Identifying Market Trends in its Simplest Form

At the heart of technical analysis is the so-called “trend.” You can simplify the market trend into three categories: up, down, and sideways. They can further be categorized by time: primary – months or years secondary/intermediate – weeks or months short-term – days intraday – minutes or hours The trend length of interest is determined […]

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Set-ups and Commentary for Week Starting 11/16/14

Here we are again pretty much in the same place we were last week and the week before….sitting at all time highs after a massive run and chopping sideways. This again is considered bullish; however that doesn’t mean it’s bullish in terms of next week or the next few days. When we think of next...

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New Highs From the Infamous V….What’s Next?

For market commentary, open interest and intra-day/week set-ups, check out a subscription. Last week I admitted my surprise at the V-shaped recovery, but disclosed that I had drank the Kool-Aid and saw the recent move as bullish with more upside ahead. That was the correct call and we indeed made new highs. I pointed out mid-week on Twitter that […]

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Open Interest for Expiration 11/14/14

Open interest is a unique way of looking at things when trading that most people don’t utilize not knowing how beneficial it really is. It sometimes can help make trades, but what is underrated is its ability to prevent you from taking trades when you know the risk/reward isn’t in your favor (like this last...

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Set-ups for Week Starting 11/10/14

We are in a very tricky spot in the market right now. We reached all time highs and after a huge V-shape recovery and spent most of last week digesting the move. As I mentioned last week, over the last two years the 2 weeks after making highs from a V-shape recovery tend to be...

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Drinking the Kool-Aid and it’s Potent!

For market commentary, open interest on momo stocks, and intra-day/week set-ups, check out a subscription. A couple weekends ago, I suggested that we had likely saw the end to V-shaped bottoms. I could not have been more wrong in that presumption; however, was quickly able to adapt as I mentioned last week in my SassyMusings […]

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Set-ups for Week Starting 11/3/14

Well as I stated already, I was wrong about no V-bottom. We got the biggest V-bottom of all. As I mentioned mid-week in SassyMusings and in one of my morning updates I may be drinking the kool-aid, but I think this rally still has room to run. The reasons I am in this camp is I still...

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Open Interest for Expiration 11/7/14

SPY: My bias is for rangebound chop to higher next week (also see GS with regard to overall market). A pull-back is part of rangebound chop so if we get a pull-back the first place to look for support is 198. If that doesn’t hold 196 is the next good support.  AAPL: Has room to...

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Update From R.I.P V-bottoms to Rip Your Head Off #SassyMusings

Ok so my Rest In Peace V-bottom post a couple weekends ago was obviously a horrible title. The message within it was so far* pretty off in that I expected a drop back to the lows or lower lows after a decent size bounce. I certainly did not expect the bounce to take place so […]

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Morning Note for 10/29/14

There is no telling what Janet will say or how the market will take it. What I will say is that after looking at lots of charts it does seem like this move can and likely will go higher. Many charts look like they are ready for big breakouts, breadth is expanding, SPX made a...

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Set-ups and Market Commentary for Week Beginning 10/27/14

Let’s be honest here, this market is completely bi-polar and for the most part crushing people. Taking a step back a few weeks ago to trade very short term was a brilliant move in hindsight. In fact, these past few weeks have been a great trading environment for anyone who was able to adapt and not...

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Open Interest for Expiration 10/31/14

There are a lot of earnings coming out next week so most of these I think we will need to reassess after they report.   SPY: For right now this appears bullish with 195 as support. My current bias is it will stay above 195 till at least Wednesday’s FOMC meeting. If it loses 195...

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Morning Note For 10/24/14

GM everyone. I am fairly surprised to not see us lower upon the Ebola news last night. I will say that I really don’t see much edge going in to today. We have had a really great weak and the last thing I want to do is give back some profits before my weekend. I...

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Morning update for 10/22/14

GM – what a week it has been and it’s only Wednesday morning! Going back to my weekend write-up this was the move I was leaning to (albeit I did not expect it to happen in 4 days as u can see below). In both those scenarios I am looking for a target of first...

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Morning update for 10/21/14

GM – Futures up nicely this morning. Not only does this not phase me, but I was hoping for this scenario. As I said over the weekend I would like to see us rally the first part of the week so that we can look for opportunities to fade. Now I’m sure you are asking,...

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R.I.P. To V-Bottoms – What’s Next?

In last weeks post, Destruction!!! What’s Next??? I noted that the V-bottoms we knew and have become accustomed to over the last two years might have been coming to an end. I also noted that there was strong evidence we would see a bounce, but that the bottom was likely not in. I clearly laid out […]

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Open Interest for Expiration 10/24/14

Overall I see a lot of opportunity with these open interest charts; however they all have to meet certain conditions. I have notes on them all, but the main premise is we want to get a strong market bounce next week so that price gets over many of these high calls. Then we want to...

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Set-ups and Commentary For Week Starting 10/20/14

There is no doubt that this market is really tricky right now and there is no telling where it’s going to go. To say that a bottom is in I think is currently premature. We got very oversold and relieved much of that with the bounce on Thursday and Friday; however the strength behind the...

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Morning Note for 10/17/14

GM – As of now things are looking great for the open. For the most part we were very patient this week and then getting long and holding it overnight was a good choice. I am going to outline a few open interest charts that I think can provide opportunities for you day traders. I...

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Tuesday Morning 10/15/14

As I have been pointing out the conditions are definitely in place for a rally minus a TRIN over 2.  In the last two years not every condition to bounce had to be met, which is more proof that this time is different (as if you didn’t already know). A TRIN reading over 2 would...

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Morning note 10/14/14

GM- I figured this would be easier than posting a million things on TWTR. So here is the deal. We are no doubt oversold. This is not a secret and pretty much everyone knows that, which I feel is the danger in catching a bounce. However, I see nothing compelling right now about shorting. This...

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Destruction!!! What next???

When trying to think of a title for this post, really the only word that came to mind was “destruction.” Although the market had already been going through stages of destruction for weeks, seen by looking further back at the Russel 2000, the energy sector, or even just how many individual stocks have been failing to […]

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Set-ups and Commentary for Week Starting 10/13/14

Last week was no doubt tough, but I felt that we actually managed pretty well. Definitely took some losses, but luckily made them up with some nice gains elsewhere. I am not in a rush to start putting swings on so next week I am going to look to play bounces and then see if there...

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Open Interest for Expiration 10/18/14

SPY: I am going to show you one look of the SPY open interest here and then a different look in the set-ups section for reasons you can read there. In terms of this look it’s not very telling except if we can bounce hard than we can try to anticipate a move back to...

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Set-ups for Week Starting 10/6/14

If you haven’t had a chance to read my overall picture then read it here. Basically, I don’t feel confident that we definitely put in a good low just yet and am waiting for a few more signals. In the meantime there are really great long set-ups so if that was the low these set-ups...

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Vertically Higher or Vertically Challenged – Market Update

Here’s the thing about these shallow V-shaped pullbacks hallmark of our market since the end of 2012 – everyone knows that they won’t last. As we potentially approach the eleventh straight vertical rally from a shallow pullback, the anticipation for the one that finally fails is once again heightened. I too fall victim to this anticipation and find […]

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Open Interest for 10/10/14 Expiration

Looking at the overall open interest there really is no overall theme that can help clarify if we are indeed ready to take the market vertically higher or put in another low. Note: I am skipping PCLN as it has not been of much use recently. I will bring it back when and if it gains...

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Inside the Mechanics of a V-shape Reversal

I don’t know if today’s candlestick hammer in the S&P 500 represents the low that will take us back to new highs, but it should come as no surprise if it does. If the market follows the protocol over the last two years then the odds are high that the low is in for now. Over […]

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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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Determine Your Next Market Move

Last week here  I discussed how the start of the week would likely determine the next short term move. On Monday after failing to move higher and based on the instances I highlighted in that post, we were able to determine the risk/reward favored a further pullback. On Monday I tweeted out:  In that case things […]

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Open Interest for Expiration 10/03/14

With the rally that took place the end of Friday, it just puts us back into rangebound chop. It leaves things in a very uncertain place with no trend. It could be that we hit a bottom already and we fly back up or it could have been just been some oversold levels relieving themselves. I...

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Set ups for Week Starting 9/29/14

So I have good news and I have bad news. The bad news is that it is very uncertain if we reached a low and will now rally back to highs. The good news is that based on the last couple years, we should know very early in the week. I will highlight that information on...

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Bad Breadth? New Highs? How About Some Sassy Insight…

  Irony at its finest! Ok, so maybe breadth is not breath, but you get the point. Of course the poor breadth measures that I’m sure you have read about is anything but a call for the bears to hibernate. The fact is, based on weakening internals, seasonality, and other facts that I have read […]

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Set-ups for Week Starting 9/22/14

I’m sure you have noticed that this current market is extremely tricky. I for one can’t recall a time where the people I follow and talk to (including some hedge fund and institutional guys) are so split in their opinion of what is going forward. Notice I used the word “opinion.” Since really this market...

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Open Interest for 9/26/14 Expiration

The note I provided in the set-ups is pretty much the same note I am putting here. We are in a very uncertain environment and unfortunately this open interest doesn’t provide too many clues about the overall market (except for adding evidence that the market is in a very odd spot). One thing I am...

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Bears, Don’t Get Excited Just Yet

For those of you following my blog you know that I have had two posts regarding the last two-years of V-shape bottoms and what their history tells us. If you missed them, you can view them here and here. I have been keeping track of the most recent V-shaped bottom from August 7th and comparing […]

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Set-ups for Week Starting 9/15/14

I have some overall comments about the market in the open interest post, but just to reiterate, next week I think is very tricky. The market is very neutral here. I can see how it looks bearish, but you also know how many times that happens and there is no follow through. Plus we have...

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Open Interest for 9/20/14 Expiration

Next week is monthly expiration and triple witching so it’s a big OPEX. The calls and put walls tend to hold fairly well during monthly OPEX. Having said that I think next week is going to be very tricky. The market itself looks a little heavy; however, we just had a great breakout in financials,...

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Set-ups for Week Starting 9/8/14

Lately I haven’t been taking many swing trades because the trend – although up, has been lacking momentum. My bias for next week is sideways to higher; however until we see real follow through (up or down) then I think side-ways chop is most likely. Given that we are in a bull market, as usual pretty...

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Open Interest for Expiration 9/12/14

Next week is all over the map. I really think it’s better to see how things shake out early in the week because I get the feeling that these open interest graphs are going to shift around a lot next week. Also, be aware that there is a theory going around that momo’s will sell...

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More For the Bulls to Cheer

The hallmark of this bull market has been rotation and for this rally to continue further that is what I expect will be the case. I tracked new highs from V-shaped reversals from late 2012 to this most recent pull-back and based on the average returns and length of the rally, the market has more upside […]

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Set-ups for Week Starting 9/2/14

We might get new money flow next week, but the way I see it is we will have more rotation than huge rallies in the indexes. We have a shortened week so be careful with weekly options. I am actually not too excited about most of the momo names (you can see my open interest...

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Open Interest for Expiration 9/5/14

Based on all the open interest I expect mostly chop next week and see more opportunities in fading rallies than going long them. When I say that I don’t mean that I think they will drop hard, but that if they get over their call walls and don’t keep running it’s probably worth selling a...

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Another V-Shaped Rally to New Highs, What’s Next?

Since 2013 V-shaped bottom’s have been the modus operandi and this recent one has been no different, the S&P 500 rallying to new highs only 15 days after a 4.3% correction. Above is a chart that highlights all of those rallies from the bottom to the where the rally begins to stall and consolidate before then […]

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Set-ups for Week Starting 8/25/14

Well, pretty amazing run. The way I see it right now is that SPX ran huge, but not all stocks participated. In the last two years every time we get a V-bottom we don’t end up having much of a retrace. We typically chop for a while before new highs. So if the indexes spend...

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Open Interest for Expiration 8/29/14

SPY: Well as if 200 wasn’t going to be resistance anyway. Let’s see if price gets over those calls and if the OI shifts. SPY could use a rest anyway.    AAPL: This is the first time in a really long time that the puts are this high compared to the calls. AAPL may be...

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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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A Look at Breadth During Corrections Over 5% Since March 2009

Above is a chart displaying each correction over 5% since the March 2009 bottom (plus the recent 4.3% decline) color coded to the percentage of stocks that traded above the 50-day moving average during the correction. The following is based on an idea I got from Charlie Bilello’s work about the types of corrections we have […]

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Is The Easy Money Over?

Since the recent 4.3% correction/pull-back from the high of 1991 on July 24th to a low of 1905 on August 2nd we have rallied 3.1% in just six trading days. The S&P 500 closed slightly above the 50-day moving average and based on recent market behavior after pull-backs, it would seem the easy money has been […]

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Set-ups for Week of 8/18/14

I’m not sure what to expect next week. We have come a long way from 1900 in a short period of time and SPX held above the 50-day. However, as large as that moves seems it could still be a bounce. Holding the 50-day next week will be good and will lead me to think...

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Open Interest for Options Expiration 8/22/14

SPY: As of now this tells me we see some chop next week. If SPY does get over 197 and those calls don’t close out or it doesn’t convincingly get over them then it’s possibly worth a shot to get puts at least as a hedge since we have longs.  AAPL: Nice close Friday, has...

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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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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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