Wow, what a day, as the market shook off a weak GDP revision for Q1, and the S&P closed at an all-time high. Weekly jobless claims came in lower than expected, and folks are citing that as the reason for the rally... My thoughts? - Earnings season for Q1 came in better then expected with a negative 1% U.S. GDP, not only that, the number is two months old. Q2 GDP reading will be very important now and needs to be 3.5%+...
The next big market mover is the ECB next Thursday... inaction on Draghi's part will result in a market bloodbath. Negative rates and some other accommodative measure will result in a 1%+ global equity rally. Will be watching VERY closely.
A great day for some options trades as SCTY squeezed out of the gate, SHLD ran hard, and YELP calls bought at the open turned into 7x+ baggers.
PCLN, AAPL, NFLX, and others moved nicely as well. Can't play them all folks, so pick and choose your plays... YOU WILL MISS SOME! Tomorrow is another day and another trade.. the market will be here!
Here are my current positions:
Have a Great evening and see you tomorrow morning!
5 thoughts on “May 29th, 2014 Positions and Market Update”
JB – Trying to put your gains in context – how long have your gains been running for? That is, how long has it taken you to make the 26K in the current post?
Have to figure out the new setup, but this is week 6… and does not include commissions…ect
Thx. Are these the same as in your ditto acct setup? Nice work, btw!
No, just real time via chatroom and private twitter 🙂
Even better. Nice flip on aapl today. I was in calls, out and then picked up puts on your prvt tweet -solid gains!