Good morning folks,
So I have a very modest following and I have an even smaller group of people that have taken the time to join me in my live video sessions. I really appreciate those that have taken the time to read my rambling and listen to my sometimes lengthy videos but hopefully you are getting something out of it!
A few weeks ago when I believe GS and MS both came out suggesting $20 a barrel oil we talked about the fact that the headline was an attention grabber but it could very well mark the bottom in oil. We used he example of those same firms making the claim that it was going to $200 a barrel when it was trading near $140 and that marked the top in oil. Well here we are just a few weeks later and we are at 50 dollar oil and while I do believe we have run too far too fast and we may get a pullback >>> the oil and the energy sector are looking fairly strong.
20 dollar oil may happen at some point in time but for now it looks as though we have turned the corner as many charts have broken through some key resistance. I am not suggesting to go ALL IN but I would start paying close attention to the sector and look for attractive areas of support to start dipping your toe.
We had some dovish talk in the fed minutes yesterday which makes a rate hike before the end of the year fairly slim. Markets around the globe are green as they celebrate central banks keeping monetary policy looser for longer. At some point the party is going to end the free booze, and crack will have to be taken away creating a whole slew of severely hung over and recovering addicts. That is a story for another day >> for now just enjoy the party ant trade them well.
House keeping note I am going to try and do a YouTube Live session after the close I will tweet out a link once I get it set up. Also if you follow me on TWTR and see retweets on stocks I post about make sure you check the time stamp from when I originally sent it. I have some people re-tweeting stuff that isn't very timely.
Stocks on my radar premarket
Bullish and may have lottos in play
Cautiously optimistic
Very Cautious may even present a short opportunity .
ZINC presented a nice little swing opp a couple days ago and now it could be be nearing a parabolic move as it tests 5 premarket Look for volume > large short position could test the 6 dolla holla and I would be selling into strength
07:10:42am
10/09/15 |
UPDATE: Prima Biomed +40% Premarket Following Announcement of A$475,000 in Grant Funding from EU, German Free State of Sax
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12:18:01pm
10/07/15 |
Option Alert: $CLDX Nov $15 Call Sweep; 5000 Contracts @Ask @$1.30; Now $11.80
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07:51:39am
10/09/15 |
Taser Announces Large Orders for Axon Body Cameras
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Personally I prefer to trade TASR as a Swing Ideal entry for me is 24 or so but it could present an intraday setup for a scalp> keep in mind it is up several days in a row would be better if it were to consolidate
AMRS no news but the daily is interesting looking for a potential break and test of 2.75 or so
04:21:58pm
10/08/15 |
UPDATE: Had Seen Unusual Call Activity in Ascena in Past Week; Most Notably in October $15.0 Call
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04:17:36pm
10/08/15 |
Golden Gate Capital Opportunity Fund Reports 9 Pct Stake In Ascena Retail Group In As Of Oct 2
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BOX potential continuation off bounce yesterday strictly a day trade for me
GPRO Looking for a panic flush for potential snapback play


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