Friday, May 26, 2017

May 24 - Looking for copper rebound

60% of FCX's revenue comes from copper sales.  If copper gets moving, should bring up FCX also


May 26 - Still long FCX, BIIB, STX, TWTR, RMBS...eyeing AAPL and SNAP next week

Not expecting much today and intermediate term looking to short the week after OPEX in June as seasonality is quite poor.  Sold BIDU and am thinking it pulls back to crew over the legion of later buyers expecting a breakout.

Other than that, don't plan on major changes to the Cecil Fielder account.

BIIB is set up super well

 FCX still churning and waiting on the Aug 13 calls
 Jun calls in STX
 Jun 2 call in TWTR
 Not ready yet but if SNAP consolidates again this is definitely a play for weekly calls

Same with AAPL


Thursday, May 25, 2017

May 25 - Getting cautious on China names, long BIIB, TWTR

Have to admit I botched this big run up in tech.  FANG names are moving and I got overly spooked by last week's move down when I sold my FB/ PCLN/ INTC waaaaay too early after the bounce.

I am not liking how lots of China names are getting whacked like MOMO, BITA, SOHU, etc.  Still think huge upside ahead but might be best to see some consolidation first.  I trimmed off 1/2 BIDU and will be watching closely.

Still long FCX, SKX, RMBS from a while ago

I wanted to see this move

BIIB has a great setup

TWTR long courtesy of Jeff Kohler at Trading Addicts.  If you haven't tried his service, very good stuff, highly suggested.



Monday, May 22, 2017

May 21 - Long BIDU

I am late to the China internet party here but BIDU is one that hasn't blasted off yet.  SOHU, CTRP, BABA, JD, ATHM have already moved.  In July 200 calls here @ 3.6.

Also still long FCX, SKX, YRD, RMBS




Thursday, May 18, 2017

May 18 - Bearish chop ahead

I got blown out of my FB calls and seeing a lot of red across the board.  I think today is just a bull trap to get the late to the party for the 'Buy the dip' buyers.  Also sold GLD/ GDX longs a couple days ago, unfortunately right before the big spike yesterday.

Shorted SPY near close for fri/mon hold. Yesterday's readings, advance/ decline ratios, TICK, weren't in freak out mode so don't think we have a bottom yet. Leaning towards some ugly chop at least for a few weeks. so so seasonality ahead also. I'm sitting in the most cash since fall of last year.