Another Day for the Bulls #SassyMusings 6/2/14

  • I took a break from SassyMusings last week. I got lazy after having a 3-day’s off for Memorial day weekend. It happens :-).
  • Nice day for the bulls. Morning was gross, but BTFD worked and for now I’m going with what is working.
  • Had a couple good day trades in GS and GOOGL and put a couple swing trades on (still holding half of GOOGL).
  • The SPX does seem extended, but that is not a reason to short. As I mentioned last Tuesday: Screen Shot 2014-06-02 at 3.25.29 PM
  • Here is an update on how it looks. The BB band expanded more and it’s still riding the top of it. The best scenario for the bulls would be for it to base out here. Screen Shot 2014-06-02 at 3.49.02 PM
  • If you missed my weekend post, check it out cause I listed some stocks that have bullish set-ups.
  • One thing to really keep your eye on are those finacials. If they continue the momentum they have begun to show this market becomes more bullish.
  • AAPL held in there pretty well considering it was supposed to be a “sell the news event.” I didn’t touch it because it just seemed too obvious this time to sell, but too extended to go long. That doesn’t mean it won’t sell off later this week, but like I said in my post This Time IS Different, if everyone knows the information, it it really still going to work?
  • I will post some open interest charts tomorrow or Wednesday when they are a bit more relevant.
  • TWTR once again was bleeding today…no idea why, but man that stock is trouble. Glad I have removed myself from it for the time being.
  • Chart of the day: I posted this set-up  in my weekend write-up. Good first day there. Screen Shot 2014-06-02 at 4.03.00 PM
  • Tweet of the day: nothing got me laughing.
  • Regret of the day: None for today.

Turn around Tuesday? Does that mean a down day. No idea and taking it one day at a time. I do like seeing this and hope it leads to some nice short squeezes’ and FOMO (fear of missing out). Screen Shot 2014-06-02 at 4.06.05 PMIf you are looking for more ideas, as well as commentary, open interest, and set-ups on all the high beta (more fun) stocks consider subscribing.

 

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