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2 Feb

Tuesday February 2, 2016



Well I was right about TVIX late last week right? Just missed it by a day. Amazing how volatile this market is.

Nice +20% +$4,000 2 week hold on SIEN to start February strong after a rough January.

Anyway, I’ve been quiet on the long term trading but I suspect it’ll pick up here now that the market is in a base I’m comfortable with. I like DUST here today,  it’s getting frisky off a multiple bottom so I bought 2,000 DUST at $13.07 and will add at $12.41, stop below $12. Goal here is a few points up in the $15 – $16’s.

By now you’ve read my report on FNMA. I’m long, long this one so no rush and trust me, I’m not concerned if Trump wins or doesn’t. I liked this trade long before Trump was running, it just hammers home the point a Republican gives FNMA a better chance to free themselves.

I’m also interested in going long SIEN again but only if we get a bigger pullback than we’ve seen today. Market is off a lot today and it’s mostly sideways so I’ll trade it as a swing (currently back in at $8.19) but again, that’s in the swing newsletter where I feel good moving around more quickly. Last 2 week hold gave us 20% +$4,000, bet another is setting up here soon.

STM, LC, and FCX are 3 large cap stocks I have on watch too that are close to basing so add those to your list.

I think GLUU is ready too, probably going to scale 5,000 shares here soon and ride that out for a while but first let’s see if $2 support breaks, I’d like to buy it as close to oversold as possible.

ERX around $15 on a higher low interests me too so while it’s too early, let’s watch for that.

Finally VLTC is very close for me at this multiple bottom support around $3.50, I suspect more developments there could drive it higher and risk reward is good with a tight stop. And AVP on a higher low setup at $2.70, all they need is Oprah to front load a few million shares and then pump it for them, like she did with WTW lol, seriously though, I like that trend to continue so I’ll scout for entry.

Jason Bond

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