Blue Chip Trader - - SLB Swing Bounce Candidate (69.44 -3.08)
News that they are buying CAM hits the tape and has the company extending its August plunge to probe the $70-level.
I'm no M&A expert by any means, but I like the fact that one company is starting to see "value" in another when all its peers/industry and Crude have been significantly under-performing for months. Sounds like a "smart" management team to me, but what do I know? I'm just a technical-based trader that likes the stock sitting at its 2013 lows in the 69/70 area for a Swing bounce after losing -18% in less than 2-weeks time.
Scaling into some here at 70 down to $67, risking about $3 overall for a Swing Bounce.
Option Traders consider Buying the Sept 65 Calls for around $6 or less. Or Sell the Sept 65 Puts for a +1.50 premium and a chance to own stock around $63.50.
Scalp Traderi mõned mõttemõlgutused hetkeolukorrast turul:
ScalpTrader: SVXY Update/Market Thoughts
I'm holding off adding to my SVXY swing position until I see some actual fear in the market.
Shorts are doing a good job attacking things and keeping Longs on the defensive.
However, even with the massive amount of volatility the past week, I still don't feel like there is real sense of panic.
In the past I've found that bottoms are not put in until the masses start making the case that the sky may indeed be falling.
Given how aggressively Shorts are attacking the market, I still think that we could see some major squeeze days
However, I would remain nimble and willing to play the Short side when appropriate.
ScalpTrader: SVXY Update/Market Thoughts
I'm holding off adding to my SVXY swing position until I see some actual fear in the market.
Shorts are doing a good job attacking things and keeping Longs on the defensive.
However, even with the massive amount of volatility the past week, I still don't feel like there is real sense of panic.
In the past I've found that bottoms are not put in until the masses start making the case that the sky may indeed be falling.
Given how aggressively Shorts are attacking the market, I still think that we could see some major squeeze days
However, I would remain nimble and willing to play the Short side when appropriate.
Nelli Janson
Blue Chip Trader - - SLB Swing Bounce Candidate (69.44 -3.08)
News that they are buying CAM hits the tape and has the company extending its August plunge to probe the $70-level.
I'm no M&A expert by any means, but I like the fact that one company is starting to see "value" in another when all its peers/industry and Crude have been significantly under-performing for months. Sounds like a "smart" management team to me, but what do I know? I'm just a technical-based trader that likes the stock sitting at its 2013 lows in the 69/70 area for a Swing bounce after losing -18% in less than 2-weeks time.
Scaling into some here at 70 down to $67, risking about $3 overall for a Swing Bounce.
Option Traders consider Buying the Sept 65 Calls for around $6 or less. Or Sell the Sept 65 Puts for a +1.50 premium and a chance to own stock around $63.50.
Blue Chip Trader - - SLB Swing Long/Bounce Follow Up (70.04 -2.49)
After consolidating most the session between 70/68, we're starting to see some bids re-emerge on this Energy-Service leader.
Price has dropped -20% off its Aug peak of $85 in the last 2-weeks and as I mentioned earlier I think there's something to be said about a company taking over another when its industry has been on the decline over a year.
Combined with the 2013 lows in play around 69, I like this one for a Swing Long here at $70 and lower.
A move back to $75 would be ideal, but I'll likely scale out some partial profits in the 72 zone.
Nelli JansonNelli Janson
Blue Chip Trader - - SLB Swing Bounce Candidate (69.44 -3.08)
News that they are buying CAM hits the tape and has the company extending its August plunge to probe the $70-level.
I'm no M&A expert by any means, but I like the fact that one company is starting to see "value" in another when all its peers/industry and Crude have been significantly under-performing for months. Sounds like a "smart" management team to me, but what do I know? I'm just a technical-based trader that likes the stock sitting at its 2013 lows in the 69/70 area for a Swing bounce after losing -18% in less than 2-weeks time.
Scaling into some here at 70 down to $67, risking about $3 overall for a Swing Bounce.
Option Traders consider Buying the Sept 65 Calls for around $6 or less. Or Sell the Sept 65 Puts for a +1.50 premium and a chance to own stock around $63.50.
Blue Chip Trader - - SLB Swing Long/Bounce Follow Up (70.04 -2.49)
After consolidating most the session between 70/68, we're starting to see some bids re-emerge on this Energy-Service leader.
Price has dropped -20% off its Aug peak of $85 in the last 2-weeks and as I mentioned earlier I think there's something to be said about a company taking over another when its industry has been on the decline over a year.
Combined with the 2013 lows in play around 69, I like this one for a Swing Long here at $70 and lower.
A move back to $75 would be ideal, but I'll likely scale out some partial profits in the 72 zone.
Blue Chip Trader - - SLB Swing Long Follow Up (75.40 +1.55)
Pushing into mid-75's for a solid +6 point gain on this week's Swing Bounce/Long from below the $70-level.
Monday's bearish gap comes in play between the 76/78 zone, which should pose some resistance, so scaling out some more partial profits is prudent.
Balance stops moved up above breakeven along $70-vicinity.
Commodities Trader: SCO Long Position Idea (going short oil futures) (90.32 -14.98)
I'm taking a 1/2 size long position in ProShares UltraShort DJ-UBS Crude Oil ETF (SCO) following the recent huge squeeze
I'm going to be playing this minute-by-minute basically.
The move isn't headline/fundamentally driven, it's has really just been squeezed higher following the collapse
These are some of the reasons that get me interested in a short. Ask here is $90.43
I'm taking a 1/2 size long position in ProShares UltraShort DJ-UBS Crude Oil ETF (SCO) following the recent huge squeeze
I'm going to be playing this minute-by-minute basically.
The move isn't headline/fundamentally driven, it's has really just been squeezed higher following the collapse
These are some of the reasons that get me interested in a short. Ask here is $90.43
Commodities Trader: SCO Long Position Update (94.08 -10.23)
Following some weakness here, I'm closing 1/3 of my long here for a gain of $3.40 (bid is $93.83)
I'm also going to move my stop to my entry point for now given the speed of the move
Following some weakness here, I'm closing 1/3 of my long here for a gain of $3.40 (bid is $93.83)
I'm also going to move my stop to my entry point for now given the speed of the move
Commodities Trader: SCO Long Position Update- out, will be looking for a new entry (90.79 -13.51)
Well... oil reverses again as pit trade comes to at end (closes in 18 minutes). I was stopped out of the last 2/3 of my SCO, barely, for a scratch.
Well... oil reverses again as pit trade comes to at end (closes in 18 minutes). I was stopped out of the last 2/3 of my SCO, barely, for a scratch.
Blue Chip Trader - - AMZN Bounce/Scalp (498.74 -5.98)
Leading Internet stock has been defended below the $500-mark lately...I also like the 50-day ma's just below acting as support around 494-area. Buying very small, risking a loose $5. Option Traders consider Buying the October 490's.
Leading Internet stock has been defended below the $500-mark lately...I also like the 50-day ma's just below acting as support around 494-area. Buying very small, risking a loose $5. Option Traders consider Buying the October 490's.
Nelli Janson
Blue Chip Trader - - AMZN Bounce/Scalp (498.74 -5.98)
Leading Internet stock has been defended below the $500-mark lately...I also like the 50-day ma's just below acting as support around 494-area. Buying very small, risking a loose $5. Option Traders consider Buying the October 490's.
Blue Chip Trader - - AMZN Bounce/Scalp Follow up (500.00 -4.72)
Buyers still defending this name below the $500, but plenty of resistance around 502/503 area to overcome, so look to trim into strength if you can. Tightening up $5 risk to $3.
Blue Chip Trader - - AMZN Long Follow Up - Out
Selling out the remaining balance here in the 497 area on this morning's Long. I just don't like the overall weakness/downtrending action in the market to sit around and wait any longer.
Selling out the remaining balance here in the 497 area on this morning's Long. I just don't like the overall weakness/downtrending action in the market to sit around and wait any longer.
ScalpTrader: AQXP Scalp Long -- risking 1 pt. (17.21 +0.45)
Blue Chip Trader- - WYNN Long/Bounce Candidate (60.68 +0.44)
Probed the $60-level and reversing quickly....jumping in for a pending bounce. Risking about $2. Option Traders consider the Oct 60 Calls.
Probed the $60-level and reversing quickly....jumping in for a pending bounce. Risking about $2. Option Traders consider the Oct 60 Calls.
Blue Chip Trader - - WYNN Long Follow up - Out (59.86 -0.37)
There was a pop back over 61 for a +1 point gain after we entered on the Gap Down reversal action in the mid-60's, but now price has slumped back to its lows, so I'm out.
Extremely weak name in an aggressive downtrend that still has yet to prove it has stopped going lower.
There was a pop back over 61 for a +1 point gain after we entered on the Gap Down reversal action in the mid-60's, but now price has slumped back to its lows, so I'm out.
Extremely weak name in an aggressive downtrend that still has yet to prove it has stopped going lower.
ScalpTrader: BIB Scalp Long -- Playing a bounce in biotech. Leave room to add. Risking 2 pts. (59.04 -2.85)
ScalpTrader: BIB Update -- If filled on the BIB, should be about 1.00-1.2 pts in the money. Would look to take off 1/2 and tighten to $59.50 area.
ScalpTrader: XON Swing Long (27.97 -2.13)
Just put on a small 200 share swing position in Biotech name XON. This is a long-term play that I plan to accumulate further on weakness. Lot of hedge funds have been involved in this one of late and I think magnitude of decline may be a case of them using XON as a source of cash. Very speculative name, but think it is one that has enough irons in the fire that it could explode higher on the release of one compelling bit of news.
Just put on a small 200 share swing position in Biotech name XON. This is a long-term play that I plan to accumulate further on weakness. Lot of hedge funds have been involved in this one of late and I think magnitude of decline may be a case of them using XON as a source of cash. Very speculative name, but think it is one that has enough irons in the fire that it could explode higher on the release of one compelling bit of news.
Blue Chip Trader - - SHAK Swing Long Candidate (46.40 +0.83)
Stock has potential to get bid up ahead of this week's earnings (Thursday, Nov 5).
Technically, it could attract some momentum if it can successfully its 3-week range highs along the 46-area.
Note Short Interest is quite high at 34% of the float...stock trades thin volume so adjust risk accordingly for volatility and lack of liquidity.
Buying some here, risking about $2, targeting $48/50 (50-day ma's).
Option Traders consider Buying the Nov 45 Calls for $3.50 or less.
Stock has potential to get bid up ahead of this week's earnings (Thursday, Nov 5).
Technically, it could attract some momentum if it can successfully its 3-week range highs along the 46-area.
Note Short Interest is quite high at 34% of the float...stock trades thin volume so adjust risk accordingly for volatility and lack of liquidity.
Buying some here, risking about $2, targeting $48/50 (50-day ma's).
Option Traders consider Buying the Nov 45 Calls for $3.50 or less.
Decent lift over 3-week resistance along 46-area to have price challenge its 50-day sma/ema zone around the 47/48 zone.
Partials into strength for almost a +2 pt gain are warranted along with tightened up balance stop to the 44/45 area.
Next target is $50-level.
Partials into strength for almost a +2 pt gain are warranted along with tightened up balance stop to the 44/45 area.
Next target is $50-level.
Blue Chip Trader - - SHAK Swing Long Follow Up (50.49 +1.57)
Getting a bid ahead of tonight's earnings, which I'm using to lock in a chunk of the remainder of our Swing Long this morning for a +4 pt gain (Nov 45 Calls +80%).
Getting a bid ahead of tonight's earnings, which I'm using to lock in a chunk of the remainder of our Swing Long this morning for a +4 pt gain (Nov 45 Calls +80%).