$LGF basically a free gain this morning opening at pre-earnings price of $19.76; was above $22 yesterday after hours.  Call buyers that got us into the stock in the first place are targeting $24 strike for June.
LGF 6/17/2016 24x Calls, 3400@$1.2999
MV: $0.4M | $Not.: $3.1M | OI: 1583 | 10.9% TotalOI
3.8% StockVolume | 54.5% OptionVolume

Market back to all-time highs. Both longs and shorts working. $CSC up 30% on merger while $BBY dropped 7% despite beating earnings. Even the $UUP dollar bet is up, which is ironic. Still very long consumer, energy, and healthcare here while being short brick-and-mortar. For whatever reason, Tech Trader is short a bunch of brick-and-mortar mattress companies $MFRM and $TPX; looking forward to see how those turn out.

Continuing to get longer Consumer and Energy here with $BAH and $ECA.

What does Techtrader say about George Soros’ big short bet against SPY?

$AAPL flagging a bottom as well as being near multi-year-support. Older less-used algorithm but interesting to note nonetheless.

Tech Trader continuing to get longer here, almost 100% long by 30% short. Biggest bets are Consumer, Energy, and then Healthcare. Most interesting names in the last few days are $MON, $STRZA, and $EGRX, which are getting increased buying activity in both stock and options after the initial signals.  Tech Trader overall is getting much more idiosyncratic in its bets with long Consumer names like $YELP and $WWAV but also short Consumer names like $MFRM and $DNKN.

Tech Trader's been gradually rotating back into Energy this week: $PBR, $EQT, $FTI, $SM
Looks like it was a play into the oil report today, which caused the energy sector to flip from negative to positive this morning.

Tech Trader overall (if you look at the chart from yesterday) is now mainly long Energy, Consumer, and Healthcare.  Again, exposures are at year highs now with longs at 96% and shorts at 33%.

$PBR and $EQT are old favorites of Tech Trader; been in and out of those since March.  $FTI and $SM are new ones picked up from risk reversal activity in the options market.

Out of $SPY now but still very long with $PAH, $WWAV, $EGRX, and many other names finally playing out after months of consolidation.  Tech Trader remains 90% long by 30% short, the most invested we've been all year since going 60% cash in November.  I expect this will continue into the end of Q2 with many people who expect seasonal weakness to be disappointed.  If you look at the charts below, many names we have are just now starting to break to the upside.

Nice call on yelp

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Good luck. Very important trade data out of China would be released this weekend. If exports miss, I expect continuation of weakness for the rest of the month. And then we have June- very weak seasonal.
Second, USD move last week was quite extreme, seasonality for USD in May is very bullish, so likely we would see more strength in USD, which could keep market rebounds contained.





 

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Getting pretty long... Bought $YELP, $MDCO, and oddly enough $HLF. Ackman not going to like us...

$YELP and $HLF are high volume breakouts, while $MDCO is getting a lot of call buying today.

Did you get another Buy signal? Or more pain tomorrow?


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Tech Trader's once-in-a-blue-moon $SPY signal keeps its 100% hitrate intact yet again. $SPY at $208 from $206.6; current target price is $208.2, which isn't far off.  Probably an exit at end of day or tomorrow. The signal normally only happens a few times a year, yet this is our third one a few months into 2016.  Very interesting times.  So unreal every time we get this signal, but it never fails (knock on wood).

Intraday bottom signals coming back to life, buying a swath of ETFs $SPY, $IWM, $XLI, $SMH... If we stay here till close we might also get our once-in-a-blue-moon RSI2 $SPY signal, which has a 100% hitrate and only triggers a few times a year (although it's already triggered 3 times this year!).

$EQT (energy) finally really moving up after a $1M Sept. 75x risk reversal was bought last month. $PBR (Brazil) also continuing higher as usual. It's almost like Tech Trader chose to keep only its best names during its rotation out of the Brazil/Energy trade.  On a side note, some of the older RSI2 strategies are calling a short-term bottom to $IBB, so we might see the Biotech/Healthcare trade pick up again as well, which Tech Trader started entering the last few weeks.  It's a constant ebb and flow between Energy names performing for us and then Biotech names performing for us.

EQT 9/16/2016 75x Calls, 4000@$2.5999
MV: $1.0M | $Not.: $7.2M | OI: 37 | 41.5% TotalOI
50.5% StockVolume | 49.8% OptionVolume
Leg: EQT 9/16/2016 50x Puts, 4000 on OI of 57