12/30/2014 Live Update

[cletus]

PSX continues to roar even on a bad tape. I have no intention of selling my calls on this position yet.

[ballatines]

small cap oil related stock still green today ~ the odds to bet on oil stock is quite attractive

[DellGriffith]

The gold market scares me.

Gold bugs were frothy with excitement all year looking at an inverse head and shoulders pattern. It failed. It broke down. It dropped huge. And I swear and think the gold bugs are more frothy than ever.

Doesn't feel like a bottom can be put in until that stops.

[Al_Dente]

AAPL is pulling the QQQ down. I don’t know why because apparently everyone except me got an iPhone for Xmas.
http://www.macrumors.com/2014/12/29/flu ... tivations/
[intraday, 1x]

[Out of Bounds]

The market tends to do well in January. 2014 was the first year with a loss, but the prior 3 all posted gains of 3% or more without so much as a dip.

Therefore, to take a short or sell your positions right before the year end seems...foolhardy.

60 year average is only +1.01% for January.

[fehro]

looking weak… SPX 15m possible channel(s) .. should this level hold.. could see a "RS" .. couple of possible H&S forming..

[DellGriffith]

Goldman Sachs is bearish on gold and called for $1,050 in 2015. That might get revised down I think. The mentality of the gold community suggests it as well.

[Out of Bounds]

Since 1929



I see nothing that would actually influence my decision either way for any month except December.

[cletus]

Looks like a rotation at the year end out of utilities and into financials. Probably a clue as to what will do well in 2015. This year was all about utilities while everything else lagged.

This has to do with rising interest rate expectations for 2015.

I would avoid bonds and high yield and buy financials.

[Out of Bounds]

Wow, nice new lows everywhere except DOW

[Out of Bounds]

Looks like a rotation at the year end out of utilities and into financials. Probably a clue as to what will do well in 2015. This year was all about utilities while everything else lagged.

This has to do with rising interest rate expectations for 2015.

I would avoid bonds and buy financials.

Kimble just pointed out a bearish wick on utilities.

http://stks.co/g1UjR

[cletus]

Looks like a rotation at the year end out of utilities and into financials. Probably a clue as to what will do well in 2015. This year was all about utilities while everything else lagged.

This has to do with rising interest rate expectations for 2015.

I would avoid bonds and buy financials.

Kimble just pointed out a bearish wick on utilities.

http://stks.co/g1UjR

Yep this looks like a bad time to be long utilities. I think that's because rates are going up next year.

[Cobra]

vol surge, biggest red, so might be a rebound here first then we'll see.

[fehro]

SPX just above open gap… VIX testing 16.10 resistance

[MrMiyagi]

PSX continues to roar even on a bad tape. I have no intention of selling my calls on this position yet.

PSX January 73.5 calls 1,000 volume 55 Open Interest.
The stock got a price target to $96 today by Goldman.

[cletus]

My outlook for 2015 is similar to that of 2013 -- meaning I expect about 20-30% upside.

One reason is that ISEE put/call is near record lows. Certainly there is not the exuberance of 2007 or 2011 when huge corrections occurred. So, minimal corrections next year, general grind higher.

[Out of Bounds]

Closed short

[cletus]

PSX continues to roar even on a bad tape. I have no intention of selling my calls on this position yet.

PSX January 73.5 calls 1,000 volume 55 Open Interest.
The stock got a price target to $96 today by Goldman.

sweet

I have Jan 2016 $87.50 calls

Plenty of time to work

[Cobra]

no good, selling no over

[fehro]

testing the spike high in early Dec