Strategy Session Notes (September 7, 2017)

SS 090717

COTD:  AUPH – great job in forum.  Active trading stock.  Likely going higher from here.  Breaking out from squeeze.

Only way this is a mental game is if your butt is flapping in the breeze and the wind starts blowing hard.

SPX – lots of nasty people out there.  Harvey, Irma, Jose.

DJT – very flat, quiet market.

MDY

IWM

TNX—X – money rotating into bonds.

Gold – this is a safety and currency trade, not an inflation hedge.  Buck down, gold up.  This is just starting to work.

  1. NUGT – working
  2. JNUG – working
  3. NEM – Stop down around $37.50
  4. NGD – higher octane stock b/c of low price. Outside BBand for multiple days.  Active trader only.
  1. DJUSBK – this is the biggest red flag for the market. Stocks can’t go higher without banks.
  2. KBE – fear.
  3. C – falling out of range
  4. GS – falling.
  5. MS – these are shortable
  6. JPM – also shortable
  7. BAC – also shortable.

Biotech:

  1. GILD – pennant resolution. Alert $92.00 AND $83.50
  2. VRTX – possibilities…but be patient.
  3. BLUE & JUNO – careful here. Don’t get trapped while you hope something will happen.  If it does…you’ll know it.
  4. EDU – breakout.
  5. WB – hold.
  6. BRKS – started today. Stop at $25.90
  7. SQ – started today, with a 4% stop.
  8. CTRL – still working. Not a good entry…but don’t sell
  9. INFO – started yesterday
  10. SNAP – under accumulation…but this would only be for a trade. No momentum (obviously)
  11. FB – very strong
  12. TCMD – IPO trade.
  1. ETSY – mentioned this with retail yesterday.
Strategy Session

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