Strategy Session Notes (September 7, 2017)

by rachel 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.

5. DJUSBK – this is the biggest red flag for the market. Stocks can’t go higher without banks.
6. KBE – fear.
7. C – falling out of range
8. GS – falling.
9. MS – these are shortable
10. JPM – also shortable
11. BAC – also shortable.

Biotech:

12. GILD – pennant resolution. Alert $92.00 AND $83.50
13. VRTX – possibilities…but be patient.
14. BLUE & JUNO – careful here. Don’t get trapped while you hope something will happen.  If it does…you’ll know it.
15. EDU – breakout.
16. WB – hold.
17. BRKS – started today. Stop at $25.90
18. SQ – started today, with a 4% stop.
19. CTRL – still working. Not a good entry…but don’t sell
20. INFO – started yesterday
21. SNAP – under accumulation…but this would only be for a trade. No momentum (obviously)
22. FB – very strong
23. TCMD – IPO trade.

24. ETSY – mentioned this with retail yesterday.

Strategy Session