Madness:

Cramer Thinks Netflix’s price bump means Amazon, Apple’s stocks are bargains Saw that dumb headline and I couldn’t believe it. The FANG pumper is at it again. “Every month I pay Apple to back up my photos and insure my phones. Don’t you? Every month I pay [for] Apple Music,” Cramer said. These are services that will decline in cost rapidly if Cramer took an economics class in high school. Its a consumer attitude like Cramer’s that makes me shake my head. Why should consumers give in? Why should someone give toxic advice to accept whatever the vendor charges. You … Continue reading Madness:

Fade the Gap: 1/2/2019

The play: short morning gaps as long as VIX continues to decline. Need to understand that a weakening VIX in a bear market create intraday bull traps. A proper squeeze in bear markets start with opening gaps and rise up throughout the day. The setup: find imbalanced bid/ask stocks that overpriced the stock within the first 30 mins. Short stocks that rise a little then return to the morning open. Stop set to 1% above the pivot point of decline. Stocks to short: SaaS profit takers $MDB and weakness $SVMK. Weakness: $ARLO $FIZZ $CRON Momentum cool off: $SHOP Tipping Point: … Continue reading Fade the Gap: 1/2/2019