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RE: Lions Pounce On BBY. New Stock Picks Posted To TradersChoice. By Gregory Mannarino
What happened to gold and silver? Massive bounce today???
What happened to gold and silver? Massive bounce today???
More bad economic news.
I can't see much in the calendar other than the CPI which seems to be the main cause :/
You are "rockin!" now, Greg! Nice trade in teh Q's. Not quite as good as my 1 day SLV long that netted 400%...but very good nonetheless. :-)
How does DIS and BBY look to you? I like them here on the long side.
DIS "should" see 108.50+ but it might need a catalyst to get there.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=dis&x=56&y=14&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
I don't like BBY though. It is setting a major overbought signal on this gapup move but today's high should get taken out at least.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=bby&x=50&y=24&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Hopefully it fills the gap. Upside targets would be 58.50 to 59.50. USO is about to get rocked so "perhaps" that will help retail plays. I've got my QQQ, IWM, SPY top call blogs set up this morning so I will have a permanent record as the "earthling" who called the crash in burn highs almost to the second they happened. Also have blogs setup for UVXY and VIX longs....and UUP long. I'm gonna make history, Greg. :-)
Thanks.
Thanx Joe!!!!
You're welcome, Greg. And I must say...since you dropped the "straddle" trading method you are doing MUCH better now. There is absolutely no reason for you or anyone else to have a built in loss to every trade you make. The lesson learnt should be >>> If you don't have the confidence in the trade you are about to make to just go ahead and do it without hedging...don't make the trade at all! :-)
Methinks we just saw the high for "market driven" rates, Greg.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=tlt&x=36&y=18&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
The dollah will be next...watch for my buy call.
Bad news usually is good news... something fishy?