Another brilliant video. This one is an hour in length though. Lots of great info mostly playing out possible bullish scenarios while noting the overall technicals still seem very damaged.



Key takeaways for me include
- since WW2, only 1 year (1990) had two 10%-plus corrections. ( and now 2018 as well)
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Thus, Chris took a lot of time studying these moves in the other years. Really good info-tainmant.

NIO testing that $6 mark... Looking at the 1/18 $6 for naked puts

IrishTxAggie said:

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NIO testing that $6 mark... Looking at the 1/18 $6 for naked puts

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Selling or buying them?

Markets trying to go positive.

gougler08 said:

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IrishTxAggie said:

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NIO testing that $6 mark... Looking at the 1/18 $6 for naked puts

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Selling or buying them?

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I sold naked puts on the 1/18 $6. Got in at $.40.

Prognightmare said:

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Markets trying to go positive.

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Good overall, but I definitely panic sold my remaining ROKU calls once it broke the daily V bottom

Buy the dips!

I was swamped with entries premarket into the opening 15 minutes.

All the way across everything including MGM $46 calls out a couple weeks. It's movie season and Oscars!

BAC has the signature fakout drop move before an extended move up. Calls on that one.

JD same thing from Friday to today.

I looked at the amzn 1470 call expiring Friday at $29, it is $55 now.

What do you think about RIG @ $7 to park in my boy's custodial account?

Robinhood news section on ROKU is filled with news re: ROKU to be offering premium subscriptions, mobile viewing.

Prognightmare said:

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What do you think about RIG @ $7 to park in my boy's custodial account?

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Good for its higher dividend yield with more upside than downside from its current beaten down state.

If you see 2525 on the S&P we'll be rocking upward.

OA, what is your call price on BAC?

Also, all the gold stocks I was accumulating down here at lows. CDE, GG, MUX, etc.

There is intel that conversations of some quasi-gold standard language being introduced and that would send gold stocks rocketing.

MU thinking about heading to close that gap

oldarmy1 said:

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Prognightmare said:

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What do you think about RIG @ $7 to park in my boy's custodial account?

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Good for its higher dividend yield with more upside than downside from its current beaten down state.

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Thank you OA and Happy New Year bud.

tramaro1 said:

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OA, what is your call price on BAC?

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I went Jan 18 $26.50 looking for that gap above that mark to be filled

Ragoo said:

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I looked at the amzn 1470 call expiring Friday at $29, it is $55 now.

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now $61, ugh

FHUAggie said:

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Robinhood news section on ROKU is filled with news re: ROKU to be offering premium subscriptions, mobile viewing.

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It was named Needhams top pick for 2019 last week too.

I definitely violated options 101 of panic selling this morning on the ROKU calls

JD similar to most stocks coming off the clear out move early. Note the trend and also the solid volume rejection of the pullback.

Bought TWTR 28.5 puts for 1/4 (very short term) as there seems to be resistance around 29

Also, bought MU 33 calls for 1/4 with the bullish harami looking to form

GO AVEO GO!!!

Any idea what sparked the jump?

Bios have a tendency to get slaughtered in Q4 on tax loss selling. They're also presenting at JP Morgan on the 9th and ASCO on the 16th.

GE even breaking out

oldarmy1 said:

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All the way across everything including MGM $46 calls out a couple weeks. It's movie season and Oscars!

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MGM - anyone who followed this I am exiting on a double from entry.

This is what you see on moist every stock on the daily charts. The sideways trend coming off the recent lows. Then the shake move below last 3 days reversing to positive. Don't be in any hurry to exit or place hedges unless you see a huge day continuation. We're talking about stocks coming out of flash lows so all the prices you see right now are value entry opportunities for most fund managers. Some stocks will break out ahead of others like MGM, SQ, etc.

Others like BAC made their $1 reversal move and consolidate up near highs before breaking out, but the odds are huge in favor of those breakouts.

There goes volume on BAC. Clockwork

We may try that 2525 number you mentioned

gougler08 said:

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I definitely violated options 101 of panic selling this morning on the ROKU calls

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Up above 32 now...would have triggered my original target sell price if I didn't panic this morning

gougler08 said:

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gougler08 said:

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I definitely violated options 101 of panic selling this morning on the ROKU calls

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Up above 32 now...would have triggered my original target sell price if I didn't panic this morning

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Sorry I couldn't weigh in early. I stayed up really late and had bought the ES S&P Futures -41. Got up and immediately was entering trades.

This was a repeat shake after 2008 New Years. Signatures were nearly identical so if its the machines then they need a tweak. Ha!