Taking a Breather #SassyMusings 7/7/14

Screen Shot 2014-07-07 at 4.10.38 PM

  • A bit of a healthy consolidation day. The selling was never heavy or panicky. I still think we will likely stay below those calls in the SPY open interest that I highlighted this weekend.
  • The IWM not pretty today, but I actually bought calls at the end of the day near the 20-day. I’m thinking a bunch of people are looking for a double top or failed breakout so I’m trying the other side of that, at least for a bounce.
  • I like that GS picked up toward the end of the day.
  • Biotech is taking a little rest and I am going to stalk some of the names I missed on the way up before.
  • I sold some of my runners today cause I didn’t want to give back my profits from last week. I can always re-enter.
  • I missed AAPL unfortunately even though I had it on my set-up list this weekend. It kind of just got away from me.
  • Chart of the day: My call is this is a bit of a trap….what’s yours? Screen Shot 2014-07-07 at 4.00.49 PM
  • Tweet of the day: none
  • Regret of the day: I guess not taking AAPL.
  • I’m rooting for Turn around Tuesday (since I got long IWM).

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