Let the Games Begin #SassyMusings 7/21/14

  • Let the fireworks begin! CMG and NFLX – fun times!!!
  • Market just hanging out as if it is waiting for the next catalyst to make a move. Earnings could potentially be that catalyst, but until we see a bigger move the trend remains intact.
  • As I said over the weekend I am currently working under the premise that we are in a choppy rangebound market that is consolidating gains. Thus I trade less, with smaller size and get out of positions sooner. As of now 198 on SPY I am still looking to as resistance unless the open interest changed today (you can see why in my weekend post).
  • I bought TMO last week and it is still looking fantastic.
  • I took a small trade in LNKD today. Not expecting miracles and generally don’t like the stock, but trying it for a trade.
  • AAPL, which I’m holding from Thursday isn’t really doing anything right now. I haven’t decided yet if I will hold onto it through earnings. Ideally it will rise tomorrow and I can take some off the table and ride the rest into earnings. We shall see. Below is the open interest on it, not including today’s trades. I am showing this, but I think if AAPL blows it out then these call strikes won’t matter because it’s still fairly early in the week…..but just for kicks here it is. aapl.7.19
  • Fun times with HLF. Always brings humor to my day. Tomorrow should be fun with Ackmans’ presentation.
  • I saw Kass is at his highest short position of the year. Should be interesting to watch this play out. This is my water cooler talk as I believe you are all my coworkers.
  • Chart of the day: Will post two today cause why not. I mentioned over the weekend that I think GOOGL has more upside to it. I was happy for the dip today and got into some of next weeks calls. For now it looks good and as long as the gap holds it’s setting up nicely. Screen Shot 2014-07-21 at 4.00.06 PM
  • Other chart of the day: TMO – As I mentioned I’m already in, but think it has lots more room to go. Screen Shot 2014-07-21 at 3.59.27 PM
  • Tweet of the day: None
  • Regret of the day: None

I love afternoon drinking during the summer in NYC. If you live in the area give me a shout out or email me if you ever want to join.

If you are looking for some guidance with trades, open interest info, plus other good stuff then check out a subscription. Check out the testimonials as well.

«
»
Top