It’s a Sea of Mixed Messages #SassyMusings 7/16/14

• Old tech is back! Actually it’s kind of been back this entire year. As long as I can make money off of it I don’t care.
• On Monday I couldn’t think of a good chart to post for my chart of the day so I thought I would give a set up that I had, MSFT– hope some of you took it. I sold it all today even though I still think it looks great. Greed kills and can get back in later.
• As I mentioned yesterday, I still think the market action is more bullish than bearish. Their doesn’t seem to be much interest in selling right now (talking SPX) and so if that is the case then go with the trend.
• I’m still holding BIDU. I took half off of the AMZN that I mentioned I bought yesterday oh and I bottom fed on MNST today, but it’s a swing position and have room to add lower.
• What a disappointment AAPL was today. Seems like games to me.
• My first earnings trade for this season was puts on EBAY. Keep in mind any earnings trade I take I very much consider a gamble.
• Tomorrow we get the first earnings release of one of the big guys, GOOGL.
• Biotech did not have a good day and typically I make more meaning of that since like the IWM it is a sign of risk appetite; however, I also think it has some to do with Yellen. Financials looked good today which I thought was a good sign.
• Chart of the day: Ugly!
• Tweet of the day: none
• Regret of the day: none

Have a good Wednesday evening.

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