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 […]
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 […]
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...
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...
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 […]
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 […]
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 […]
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...
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...
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, […]
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 […]
Snoozefest today, which while it didn’t provide much intra-day opportunity was probably much needed after the recent volatility. The volatility will surely be back soon. GOOG or GOOGL (how annoying is that) paid per clips down and so far stock taking a hit. IBM as well. You think it affects the market tomorrow? I have no clue. TLT […]
AAPL: This has room to fall to 500, but could pin at 525 if the open interest doesn’t change too much all week (unlikely to not change much). I would definitely by calls if it got to 500. AMZN: As I stated on the set-up sheet, I think you could play a good bounce...
Things to consider: At some point next week we should see either capitulation and then a new uptrend or a strong bounce and then a resumption lower. The best approach next week is to sit on your hands until we see a range break (either a break of Friday’s SPX lows or back over Friday’s...
Flat. That is how I am positioned over the weekend. I see no edge in either direction at this juncture. The short term trend is down, but we are oversold based on some measures. This is a market for those that embrace volatility and not for those looking for longer term trends; therefore, quick one […]
The title is in reference to my post two days ago titled, Is That a Bounce or Are You About to Get Pounced. Yellen doesn’t get follow through love like Ben. Why an old lady would sign up for a job like that is beyond me. I’d rather retire somewhere and chill. So happy that […]
I am going to share some very well researched and good information for you. These are fundamentally sound healthcare companies that have a lot of upside potential and are darlings of Wall Street. If bio’s and health care make a comeback you will benefit from these. Pharmaceuticals Health Care Providers Health Care Equipment & Supplies […]
Fun day huh? I must thank Yellen for that pop we got to sell into. Essentially the Fed clarified backtracked out of that detailed description of rate hikes. As I mentioned yesterday, I think the brunt of the selling is over (for the time being). I don’t think all stocks blast to new highs like they […]
I don’t know, can we call today a bounce? It’s not a 2013 bounce, but hey a bounce is a bounce. Finacials still meh led by the big dog himself GS. Tech hung in there pretty well, but was somewhat bifurcated. Of course it was led down by the other dog herself AAPL. I […]
I know lame title cause it’s just too obvious. Deal with it. Follow through with some more downside is not bullish by the way (now I sound like Keith, yikes! I won’t do that again). So when will we get a good bounce? You know, reward the dip buyers, shake out the shorts, give CNBC […]
AAPL: It closed right above the 50-day. Could be a good bounce play, but don’t try buying too late cause unless there is news (even if there is news), that 540 is going to be a tough one to crack (unless it’s right at the start of the week). AMZN: Very close to filling the...
Hey my lovely peeps! Ok a few messages before I begin with the set-ups. Thank you guys for believing in me enough to join. I have taken a lot of heat since I’m “another one” starting a service. I know that I need to just ignore it and I know that over time people will...
I hope you guys had a good week. I want to emphasize something here for Level 1 traders. If you subscribed to this level, I assume that you are already a seasoned trader and have a process just looking for ideas or open interest. The reason I say that is because I make the set-up...
What a week! It couldn’t have been permeated with more mixed signals and divergences. SPX made all time highs, while the rest of the market was taken to the woodshed. For a several weeks now I have been pointing out all the divergences and presenting a bearish tone to my posts. Anyone who followed me […]
If you are watching the momentum stocks you may be wondering where all the money is going? Well, I see some select energy, semi’s, financials, and oh yes, old time tech. Which brings me to my…. Tweet of the day: I’m going to venture to say that won’t last all year. We either start rotating […]
And where do those roads lead? All time highs of course. Divergences, Shmivergences. We are back at all time highs! Woohoo Ok I’m exaggerating. Although we are at highs, it just doesn’t feel the same as it did last year does it? Well that is probably because there are a lot of laggards that aren’t […]
First day of the second quarter and money flowed in as expected. Of course it all flowed into a gap up, the very start of the day and the last 15 minutes of the day. SPX at new highs. A bit of recovery in the biotech’s and the momentum stocks. So far trend seems to […]
Please check out my latest piece on TheStreet today. Bulls Make Money, Bears Make Money, How Can Anybody Make Money Right now? Today: ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ Once again we had the overnight lift, brought some hope back in, and crushed it. Except for the IWM, which was trading in its own world today. Anyone chasing those momo […]
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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