Position Updates


The S&P500 is at record highs this morning.  I said it over and over, that this tariff non-sense has been nothing more than an excuse to sell.  Just add it to the list.  I think more importantly the market is whispering... Inflation.  The good kind, that puts more gas in the markets tank... for now.  I'll have more on that later.

Even when Turkey was falling to pieces a month ago I said $SPY $300 was coming.  And it is... of course it wasn't as clear just days ago when the trade war stepped up to another level.

Record High Perspective


But alas here we are.  S&P500 futures are breaking out after bumping into resistance

The Cup and Handle

came through:

Boom.  Put that in your pipe and smoke it!!

Here are some position updates:

$GME I am long OCT calls for more upside and the possiblilty of a buyout.  The more I think about GME the more I think it makes a terribly attractive buyout candidate and the more I think Sycamore buys GME for $21-$22 a share.  Either way I think the stock is heading over $20 again.

Respected 12+ year support again, which has been a previous launch point:


$TXMD remains, in m opinion, poised for a breakout.  The risk is the FDA decision coming next month.  The reward is a positive outcome.  More on TXMD here

I still like the Vitamins.  VSI and GNC both are setting up for more upside:

$DBX this heavily shorted name, I am in calls for a possible reversal.

FSLR have some calls for a break and hold of the $50 level.  A possible rally short term to $52-$53+

SWCH still looking for that earnings gap fill:


Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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