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 of YHOO (that one was a total bust). I bought TSLA on the break of 231 and JPM this morning. So overall good day. I highlighted some of these names in my weekend blog post.
  • If you have a sec I would love for you to check out my recent piece for The Street called, Two Reasons the Stock Market Is Really Different This Time. Truth be told it’s a similar, but a shorter and updated version to the other This Time is Different post I wrote on my blog. Side note: it was also edited and I feel reads much less interesting after the edits, but still read it pretty please :-).
  • The indices barely did anything today and that seems bullish to me. We are hanging around all time highs just consolidating the recent move.
  • The whole window dressing thing is upon us and often that leads to more rallying, but I’m definitely not going to trade based on that premise. I would gladly welcome it though and am positioned long.
  • Chart of the day: That candle is why I closed my CELG today, but it was a fantastic trade and you can go back through my blogs to see I bought it before the breakout ;-). Screen Shot 2014-06-23 at 3.59.24 PM
  • Tweet of the day: zilch
  • Regret of the day: I came in holding FB calls that I bought at the lows on Friday and stopped myself out right before it ran today. Oh well.

Have a good evening.

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