Check out the new “Cody’s List” page on the new TradingWithCody site that tracks our Longs, Shorts and Watch Lists. (If you can’t log into the new site, just shoot us an email at email@example.com and we’ll get you set up immediately.) You’ll notice I’ve got a Biotech ETF and a Treasuries ETF on the Cody’s List page on the Watch List as potential shorts. Both act very bubbly to me and I wouldn’t be surprised to see the $IBB or the $TLT down 5-10% from their current levels sometime before the summer. The longer-term trend for both is likely lower too, but it could be a long-time before they truly crash.
For now, I’m adding a fourth tranche of Synaptics here, though this time I’m going to use a little bit of options instead of a fourth tranche of common stock. I’m buying a small tranche of the June 2015 call options with strike prices around $75 or so. These call options are obviously riskier than the common stock I own already because the stock itself has to rally 10% or so to get to the strike price and then rally further to get above that strike price before June for these call options to pay off. So stick with SYNA common stock if you’re not wanting to take that kind of risk with options.
I’m also in the new Chat Room more often than I used to be, so drop by and ask me a question.
$DJIA can’t get thru the 18k resistance? Then again, the $DJIA and$SPX are less than 5% away from their all-time highs, and what’s a few percentage points between friends? Seriously, tho, I often like to ask, “Who’s more scared right now, the bulls or the bears?” And now’s a great time to ask — so please post a Scuttle with your answer.
I am always willing to flip from Bull to Bear depending on my analysis and I was bullish in my hedge fund from 2002-2007, bearish and out of the markets from 2007-2009, and have been bullish and long again since 2010 and remain so now.
Scutify Deep Thought of the Day: What principles of trading and investing have been lost from centuries ago? The archer in this video threw everything people do in modern archery out the window and became the world’s greatest archer, performing feats that make every other archer you’ve ever seen in movies or real-life look foolish. Are you trying to stand in one spot and shoot a two dimensional target? #FlipIt #QuestionEverything