hitman trades and how I see the market

Today was interesting the DOW was down 100 points but Consumer Goods ETF'S up, as I mentioned in post #19 is this sector ready to take off? Here are the ETF'S: XLP gained 0.56%, VDC 0.39%, RHS 0.38%, PSL 0.38% and PBJ 0.30% the lagger was IYK (0.17%).






















and of course the lagger


When I look at IYK down 0.17% on the day most of there holding's are up with the exception of NKE and MDLZ but Nike is up in AH and MDLZ unchanged.

 

So imo NKE and MDLZ is setting up for a move upward but NKE in my mind is more manageable here.

http://www.barchart.com/interactive_charts/stocks/NKE

sorry I can't seem to get the interactive chart with fib expectation. $55.20 to $55.91 with a stop at $54.90.

 

NKE $55.90 is resistance

 

I have a 3 day rule which I'm very discipline since most move to the upside I documented is 3 + days unless the market trade down within that timeframe. So as of Monday if NKE moves more to upside then I'm thankful but it will be cut loose at end of day Monday.

I'm looking at a few things and will post them before Monday.

 

2 Chinese stock that I like going into this week CTRP and WUBA. I have to sell my GLD options this week cause expiry is 15 July and I will be buying Aug calls in GLD and every month from here till 2017, if anyone want my reasoning feel free to ask it should be quite obvious why for the more experience traders/investors. Novice traders/investors if you need an explanation ask away there are many others that will help with their knowledge also.

This is a name that was brought to my attention EUO now I'm not a currency trader so be careful with this name. I'm long EUO @$24.50.

 

@Steven_Burt I don't know if you play options but the Aug $50 calls take a look at that.
I'm looking at semi conductors and steel sector for trading purposes this week no names as yet.
CTRP,WUBA and GLD will be longs.

 

I have follow solars every summer and they always run in summer time, so if you look at TAN (ETF for solar) chart it appears the move started so I am in SPWR as of this morning. My positions are CTRP, SPWR and GLD calls Aug 19 expiry, I'm stalking WUBA and looking into XME(ETF) for some name/s to trade. I said goodbye to NKE.

 

http://www.barchart.com/etf/constituents/XME

These are the names that make up XME.

 

Added WUBA aug 19 exp $50.00 calls, ATHM aug 19 exp $22.50 calls. Holding for now CTRP, SPWR stocks, option plays GLD, WUBA, ATHM.
That's it for now.

 

I'm in PGNX they go before the FDA on the 19 July. Do your DD.

 

I'm in STLD @ $27.65

 

CTRP after hours up $2.90.

 

Money is starting to flow into the US if you are a BEAR be careful you will inherit some serious portfolio pain.

 

@anotherdevilsadvocate thank you… I just looked they got approve by FDA…. AH trading $6.69.

 

I'm looking to move into these 2… JOY $28.00 call aug 19 expiry BETA is 2.3, QLYS $35.00 calls aug 19 expiry the chart is what caught my eyes and they option volume. TACO was very good today bought on wednesday @$9.78 sold out today @ $11.30 the SR is 14.54 so could see some continuation.