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 sincerely sorry because I DO KNOW how it feels.
- Wish I had shorted VPRT! Who orders business cards?
- EBAY also down, which after this earnings season thus far is not really surprising.
- I mentioned it before, but the market pattern seems to be a day or two of sic moves (such as that V shape yesterday) and then a couple days of very little movement. Although with tomorrow’s FOMC and GDP we may go back to having a big movement tomorrow.
- Although SPX basically did nothing today, lots of beat up stocks had a good day. As all the TA people say, we need to see follow through tomorrow for it to mean something. Having said that, I’m not sure if even follow through means anything in this 2014 market.
- I did a little cleaning up of my positions today. I don’t really hold too many at one time anyway, but wanted to clean up while I had profits and before a potentially wild rest of the week. It also frees up space for new and better trades.
- Chart of the Day:
- Tweet of the day:
- Regret of the day: I forgot this is my new daily segment. Hopefully most of the time it will be blank. Today, it’s blank.
- Here is some open interest spam. These don’t have today’s updates yet cause numbers won’t be out till tonight.
- Enjoy your Tuesday evening. Let’s hope we get some good action tomorrow.
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