Explanation of $IBB chart, Market Commentary and Biotech Commentary, I this video, I go over the $IBB chart and its similarity to the $ACRX chart before it took a 50% + dump in September of last year. Additional Market commentary…
Month: May 2014
Market Chart And Macro Review May 21 2014 – Sell Off Coming
Video at end of text! Market Chart And Macro Review May 21 2014 – Sell Off Coming. In this Video, I review $SPY, $IWM, $QQQ, $IBB, $PGNX, $BDSI $CYTK. I was wrong about the second part of today as the…
Market Commentary For Tuesday May 20 – BOJ And Earnings Misses
Market Commentary For Tuesday May 20 – BOJ And Earnings Misses. Staples misses badly on earnings, $CAT guiding lower + BOJ uncertainty + Ukraine deal = Market pressure, at least for today. The pattern has been to move markets in…
Market Commentary For Monday May 19 – Short Cover
Market Commentary For Monday May 19 – Short Cover. As per my original view from Sunday night, the market saw a very light volume short cover. However, I allowed the USD/JPY handle to influence me to make a bad trade…
I bought 100 put contracts, $NFLX June monthly @ $0.47 cents, $265 strike
I bought 100 put contracts, $NFLX June monthly @ $0.47 cents, $265 strike. <, This is trade I should have done to begin with and stick with my market up day thesis today. I see this as light volume short…
I covered $BDSI for $3700 loss – shorted too early, broke original thesis of going long on short cover
I was looking for a price to cover somewhere close to the gap at $7.74, I still see that, but was early on the trade Reports from EU indicate Putin has ordered his troops to pull back from Ukrainian border,…
Before The Bell Update – Monday, May 17, 2014
USD/JPY trading at $101.15, which is a multi-month low. With Ukraine surely to come into focus later in the week, today’s trading can get very nasty. $SPY could easily touch in the $185 range and $IBB under $223. We need…
Pre-Market Monday, 2 am Eastern – Futures Down – USD/JPY Weakening
Pre-Market Monday, 2 am Eastern – Futures Down – USD/JPY Weakening. USD/JPY at $101.40, testing multi-week low here, so we need to keep a close eye on this as any lower, we will not see any kind of market up…
Video: The Market Week Ahead Review – May 19-23, 2014
Video: The Market Week Ahead Review – May 19-23, 2014. Charts reviews are $CYTK, $BDSI, $ARAY, $SPY, $OREX, and $ARAY. Market futures as of Sunday afternoon are up right now with the futures running below fair value = higher open.…
Market Wrap Up For Friday, May 16. 2014 – Max Pain Achieved
Market Wrap Up For Friday, May 16. 2014. $SPY did close at max pain – over $188 but just barely. Because of this, options in bigger names like $AAPL came from basically being worthless to huge money. Aapl’s May $590…