Im going in cautious starting the new year. January can sometimes be very crazy so i'm going to sit back a bit and watch this first week. If the market rallies on monday i plan to look at uvxy as I'm expecting this month to be trending on the wild side..lol stocks and etf ill be watching soxl ibb nugt cure baba yelp twtr aal and watching as oil continues to decline and how stocks like eog qep nbr do etc trade. also watching solars and gold as nugt gld represent.
Could be good to buy when oil sells off. A contrarian play as oil bounces back at some point. I realize it's a natural gas etf but they generally trade in tandem. And thanks for the welcome back...getting hit with some cold wether on the east coast. Apparently 70% of US in the deep freeze this week.
this was beginning to show signs of in weakness last week or two.. That rapid v bottom had more than a few people scratching their heads. I'm long some yelp but mostly sitting on my hands..lol. Soxl beginning to look interesting below 130.
welcome back..nice sell off to start the new year..lol. I've been out most of the day running errands. I'm hoping for a morning sell off tomorrow and may scale in. If we rally at the open I'll be more sceptical..buy the dip to habitual. See you all tomorrow.
Looks like we're headed there? Fas cure soxl my favorite etfs aapl 100-102 area baba 92-95 area. I think patience is in order and let this sell off work its self out...oil crash is really spooking the market and it's definitely a crash amazing.
for beginning few days of a new year..I think this is very healthy and over do..oil thing does make me scratch my head and if a recession or EU meltdown coming or something?
sorry break..my apple spell check not helping today..lol. Awful quiet today..cle you're probably trading the oversold bounces and need to stay focused...understandable.
Watching the stength of bounce..I think the tone has changed and we may be in for a larger correction? Looking at short etfs as a hedge. May use 20% of my stock and cash position short. gl
the thing behind the oil decline is the weak economic position of russia. This is a developing story and will be interesting to see how this plays out and could be the next big scare for the markets.
I'm watching gasl..most of what I read and hear oil will likely get back to 60-70 area. How long we over shoot to downside any bodies guess. GL PS watch how this bounce goes? It feels to me like we wi roll over and possibly break oct lows. Mr Market will let us know...lol
Wow I'm really stunned.can it continue to new highs? Sure..I knew it would be a wild month but reall y what a market. Fasten your seat belts...I did buy a small position in soxl I still have some yelp..but I'm mainly in cash..oh well.
thanks cle..its a bit suspicious but as a trader you try to just let the market paint its picture and put your opinions aside.. And hopefully the interpretation is a good one. But I have to say I've never seen sentiment change so quickly and with such power...fed liquidity lol... tons of cheap money sloshing around looking for a home.