all three stocks will go down hard tomorrow in sympathy with juno
i may jump in blue or kite at deep on sale price = we shall see
market will close at top price by eod this afternoon
green follow-through tomorrow because the asian markets mimic will wall street's euphoria
i may have to bail out on thursday or friday morning to pocket green profit before the long fourth of july holiday weekend kicks in ...
The fact that the sell-off on friday was 3X the normal volume meaning bearish trend is here to stay. After 2 days of massacre in deep red, market tends to rally from the oversold arena probably for one week, then the sell-off will resume and last about 4-6 months until market is bottoming out. I see this "phenomenon" after each market big dips from October 1997 crash, Lehman Brothers bankruptcy in 2008, the Yuan devaluation last year in August 2015, to the current Brexit fear in June 2016 ... same market behaviour.
and more red follow-through tomorrow as stocks will close at bottom by eod
may have a relief rally on wednesday or thursday then sell-off resumes on friday july 1st
an opportunity to scoop up some shares at discount tomorrow
leaning on the weakness of biotech sector on sale friday 7/8
i used to trade this stock in the range $100-$125 more than a year ago after it broke out leaping from $50 to $200
now i get back in it at much much cheaper price 9.80 and will unload on the rebound
=== a lesson for us to learn is to always trade trade trade biotech stocks - no long term investment on tiny biotech companies which do not make any $$$ or no revenue
plan to unload all holding at the first half hour of trading day tomorrow friday july 1st
may re-enter at the last 5 minutes of trading day tomorrow depends on market condition
it would be best to start fresh after the long 3-day holiday weekend and on first day of quarter
just wanted to pass on the VIX versus SPY "strange" move today ...
=== What’s Up With The VIX? Fear Gauge Lower Even As Stocks Plunge
By Chris Dieterich
Stocks plunged on Monday as fallout from Brexit spread across global financial markets. Meanwhile, the CBOE Volatility Index (VIX) fell, a perplexing move for the market’s so-called fear gauge.
The VIX, an options-based measure of projected price swings in the S&P 500 over the next month, declined more than 3% to 24.87 in recent trading. The VIX tends to rise when stocks fall and the S&P 500 was recently down a full 1.6%.
It’s a tough one to reconcile. Todd Salamone at Schaeffer’s Investment Research, notes that the VIX was a key technical threshold heading into this week. It seems to be failing to surpass that level. Or maybe people are back to simply shorting volatility in hopes that this whole Brexit thing is going to blow over. Here’s Salamone:
“The 25-26 area on the VIX is of key importance, as it is double the 2015 low and home to major call open interest
Loyal readers of this commentary are fully aware that the VIX tends to peak 50% or 100% above key lows and, as such, the 25-26 area is one that we view of importance in the immediate days ahead.”
If the VIX closes above the 26 level next week, a move to its 2016 calendar-year high in the 30-31 area would not be out of the question, as volatility expectations continue to reset and the last major call strike with significant open interest is tested, per the open interest discussion above.”
something "negative" is around the corridor which will soon come out to drag market down to retest the low 1,190 made on tuesday 6/25 .... summer blues are here to stay for another 4 months ...
=== Stocks are sailing higher as Brexit worries fade, but the global bond market is signaling that there's plenty to fear.
Bonds have been on fire globally, as investors rush to snap up safety, particularly at the long end, and that is sending yields to new lows — and some yields even into the black hole of negative rates. The U.S. 30-year Treasury bond is closing in on its all-time low yield of 2.223 percent.
"I think people are hunkering down and buying bonds because of the uncertainty in the world. They want to be able to sleep at night," and Andrew Brenner, head of international fixed income at National Alliance. Brenner said in the U.S., 20-year corporates and 30-year Treasurys were the hot spots in Wednesday's market.
the ViX should be up around 30 in rhythm with the Dow -268 points but it does not happen = strange market stock action puzzling me
juno is gung ho AH today Tuesday 7/12 for +29% leap due to FDA removing hold
sold 2/3 of holding AH to pocket huge green profits = will let 1/3 run tomorrow $$$