I like a long play in ULTA ahead of its next earnings announcement.
SSTI's upside potential is huge and the competition is next to zero.
I continue to deploy 'dry powder' into the biotech sector on dips using Buy-Write option strategies.
Heading into next week, I think there are real odds that the market rallies and traders attack implied volatility ahead of Thanksgiving.
Often the ones that are the hardest to buy turn out to be the best.
If you must have some action, Applied Optoelectronics has a decent-looking chart and an attractive risk-reward.
When the market catches a bid, MSFT tends to lead.
I'm talking about simply selling puts where you are willing to own a stock.
Let's go to the charts to find out.
AAPL's dip below $200 is lunacy and a huge over-reaction.
This feels like a scenario where Apple is going to be stuck in a range.
Chipotle Mexican Grill is one of the few stocks that has been working this earnings season.
The VIX is fully in contango now, which means the market is more likely to go up then down.
I believe a push back into the $30-$34 range has set up for the holiday season.
A potential buyout of Mellanox Technologies would benefit Xilinx significantly over the next five years.
The 'FOMOMOMO' stocks appear to be getting a head of steam.
What we are seeing with GSKY is what happens when interest-rate risk isn't managed well.
AAPL is getting pretty close to desirable now.
Consider my butterfly or iron condor strategies.
In this 'she loves, she loves me not' environment, I want to consider positions that won't be highly correlated with stocks.
What does this mean for markets?
If JD moves back under $23 I'd stop out of the trade and take the loss, but otherwise I want to give this one time to work.
Chip stocks seem to have finally found a bottom and MU looks particularly interesting.
When the Russell has been the strongest index, markets have kept going.
Rarely in my scans do I find a company with this type of history.
After looking the whole day, I found what I wanted in KO.
But I will be looking for something else in the next few weeks.
The VIX is super anemic, and we have a whole host of earnings to hang a hat on.
Apple has held up well lately and sentiment hasn't been much worse on Facebook and Alibaba.
Chances of 'striking out' have gone up in this volatile market.