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 could see a Thursday or Friday low before next weeks expiration. Based on this close doesn’t look like the low is in, but I would be happy to accept if it was.
  • I also said that GMCR had a big day coming. That one just keeps paying, which is good cause it was the bright spot of my day.
  • How about my AAPL open interest graph I posted yesterday. Made for a good short opportunity. Then again a lot of things were good shorts.
  • I bought TRLA this morning and already took half the profits giving me a free runner now. My MNST still looks fantastic, my GOOGL position needs a miracle, FSLR still looks great as it’s a swing.
  • I bought a couple new swings today too. Might have been too early.
  • A good takeaway for the bulls is if nothing else, at least we are working off being overbought
  • Chart of the day: Looks kind of like a menorah Screen Shot 2014-06-12 at 3.53.07 PM
  • Tweet of the day: none. Not even the chest pounding bears came out.
  • Regret of the day: Not being more prepared for today’s down move given I had been anticipating it.

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