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

Doing well short $WDR today (down 10% after earnings). Held since 2 weeks ago on  put buying at $20 strike, which we are now near.

WDR 5/20/2016 20x Puts, 3380@$0.9499
MV: $0.3M | $Not.: $2.1M | OI: 37 | 107.8% TotalOI
29.3% StockVolume | 69.8% OptionVolume

$PBR up another 7%; only Brazil name left and it's the strongest. Also just shorted $RIO on $1.6M in put buying, effectively betting both sides equally in Brazil now.  The put activity is below.  This is definitely a rotation from Tech Trader's massively long Brazil theme last month.

RIO 6/17/2016 32.5x Puts, 9404@$1.7
MV: $1.6M | $Not.: $11.9M | OI: 347 | 7.1% TotalOI
32.3% StockVolume | 72.2% OptionVolume


$PBR trade up a total 25% now.

Theme rotating from Brazil to last month's healthcare names now. $EGRX up 15%; many names $BMY, $WLK, $GILD bullish on Trendlines, unusual volume, and other older strategies.

Brazil/Energy theme doing great again. $PBR opened down but up 1.5% now and above $7. Names like $EEP, $ETP still breaking out on Trendlines and other older strategies with energy sector overall up 1.5%.

Another strong day for Brazil/Energy after pullback yesterday morning. Mainly holding $PBR (+6%) but $VALE, $EEP, and other past names also rallying.

$PBR now up 20% since re-entry a few weeks back.

Massive volume spike on $INCR on older strategy. Similar spike in $CVT before 65% jump today.

Taking gains on many energy names into week end. Main one holding is $PBR, ironically most tied to Brazil impeachment situation.  The timing is pretty amazing as this is basically Tech Trader reducing exposure before the vote on Sunday.