There is a possibility of a lot of $$ to be made over the next 2- 4 months in the Financial Sector(Foreign Money Center Banks, Investment Brokerage National and Foreign Regional Banks) these 5 industry have the rotten eggs and this is due to the Liquidity Crisis appearing in Libor and REPO market.
November set up ACN@ $188.22 short, DFS @ $81.72 short, EXPE@$137.80 long, WFC@ $49.75 still holding long from Oct 01, WY@$29.99 long and LLY@ $112.51 long.
FB out the gates I like the set up here for a big move, a stop loss at $190.00 will be in place. Above $205.00 I will buy options with short expiry.
short NG by way of DGAZ been playing this back and forth waiting for a break to 2475 then will hold to about 2200 and long DOW to 28125 by way of to FNGU
in UGAZ@$7.65 with a small position. A move above 2275 by NG then a larger position will be in place.
as of today I'm only holding FNGU everything else was sold I don't like what I'm hearing and reading, if the info is true and I believe the source there is a shit storm coming worst than 2007 - 2009 mtg crisis so I'm on the sidelines for now
sold out of FNGU yesterday it was a great run with this name needless to say 2019 was a great year but it is now time to look at 2020 . I do have a few banks that I shorted awhile back which I'm still holding these were via options. I'm in watch mode going into 2020 as I have my eyes on a few things that is not of the norm, from what I'm hearing and reading if the signs continue then it's time for bear movements.
If the DOW don't get above 29000 in the next 2 weeks it will be timber time in a heavy way the sell off today will most likely be for tax purposes or maybe it's the start of the decline I would say it's for the knife catchers of this year. I'm in NUGT, SQQQ long and short DIA these three as of this morning plus I'm still holding some toxic banks and waiting for them to explode to the downside and they will. I hope 2019 was good and prosperous to you, BEST WISHES in the New Year and now I'm off to the nations capital to ring in the New Year.
the nasdaq is green and dow red not a good sign we could see some tankage over the next few days as of right now futures is down 30 points. Virus plays got hammered today .LAKE, NNVC, NVAX and a few others names. .
add these 3 to the virus play ICCC, APT and EHTH. virus play are just for trading not falling in love with and getting married to them like some dummies do because they will eventually kick you in the stomach. And yes I wrote EHTH cause I played it today so don't come in here and bi**h about the price is waah waah crying and stuttering.
a few things to look at for this week, Futures down DOW -262.50 which is 0.91% so DIA should open about $287.19 so $286 to $285.00 puts exp 31 Jan good for a quick trade. UGAZ will open above Friday's close $46.64 cause NG is up another quick trade. 5 virus stock being hyped INO, MRNA, BCRX, GILD and NVAX these could be runners. Watch NNVC this one it could run to $12.00.
I actually played NNVC on Friday. I got in right around open, headed up front for a meeting and got back to the office and was up 30% and sold it. Thanks man. It was just a small play that I rarely make because I'm more of a calculated guy instead of gambler (at least in the market), but it paid off.