Current Long Positions (stop-losses in parentheses): QCOM Oct 60 Calls, AAPL Sept 420 Calls, SPY Sept 124 Calls, DZZ (3.79), NFLX (202.99)
Netflix (NFLX) has been in a consistent downturn ever since it peaked at $304/share on news of it increasing its monthly subscription fees by 60%. Since then it has been beating its head against, a nasty downward trend-line off of those highs. But now it seems to have found some comfort at the 200-day moving
Wild couple of weeks, and when price seems to be dropping day-after-day-after-day with no bounces in sight, it can be very difficult on both the long and short end of things to find ideal plays. On the long-side, you don't want to be trying to catch the falling knife, while on the other hand, you
Current Long Positions (stop-losses in parentheses): PEP (70.10), NFLX (237.25), GLD (144.73), ANV (34.25), FDO (53.28), SLB (82.77) Current Short Positions (stop-losses in parentheses): None BIAS: 10% Long Economic Reports Due Out (Times are EST): GDP (8:30am), Jobless Claims (8:30am), Corporate Profits (8:30am), EIA Natural Gas Report (10:30am) My Observations and
After taking profits in all my positions except for Family Dollar (FDO), which included NFLX (+5.3%), GLD (+0.6%), ANV (+1.9%), and CMI (+3.2%), I decided to get into Schlumberger (SLB) at $84.17. I like the trade a lot and has the potential to make a run to $88 in the very
After taking profits in all my positions except for Family Dollar (FDO), which included NFLX (+5.3%), GLD (+0.6%), ANV (+1.9%), and CMI (+3.2%), I decided to get into Schlumberger (SLB) at $84.17. I like the trade a lot and has the potential to make a run to $88 in the very
Current Long Positions (stop-losses in parentheses): PEP (70.10), PCLN (502.75), SLV (33.36), NFLX (237.25), GLD (144.73), ANV (34.25), FDO (53.28) Current Short Positions (stop-losses in parentheses): None BIAS: 50% Long Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), Durable Goods Orders (8:30am), FHFA House Price Index (10am), EIA Petroleum Status
Current Long Positions (stop-losses in parentheses): PEP (70.10), PCLN (502.75), SLV (33.36), NFLX (237.25), GLD (144.73), ANV (34.25), FDO (53.28) Current Short Positions (stop-losses in parentheses): None BIAS: 50% Long Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), Durable Goods Orders (8:30am), FHFA House Price Index (10am), EIA Petroleum Status
Current Long Positions (stop-losses in parentheses): PEP (70.10), CB (64.32), PCLN (502.75), KCI (57.69), SLV (33.36), PNW (44.78), NFLX (237.25), GLD (144.73) Current Short Positions (stop-losses in parentheses): None BIAS: 50% Long Economic Reports Due Out (Times are EST): ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), New Home Sales (10am) My Observations
I was a bit hesitant to go long on anything this morning, but finally decided to pull the trigger on Netflix (NFLX) because a) does much better than the field in bear markets b) bouncing off a nice intermediate upward trend-line c) looking to break through resistance above. I also got into SSO on