Here's another elevator shaft that provides an example of options trading that may be helpful. Thanks to Steve, who posted on the unusual options activity on 7/11, I looked at the group and the stock and decided to buy calls outright. However, going out to today's expiration didn't cost that much more and I try to err on the side of time.

After the gap & go on 7/26, I moved a mental stop to half of the gains, which would likely require more than just a 9 MA or even 50 MA RTM in an A-B-C setup.

That turned out to be the case and the C leg was strong & clean (closes above the 5 MA with no days that would point to a stop).

The doji after touching the 200 MA was followed by the kind of breakthrough day with divergences that did warrant a stop at 50% of that candle. Then the next day's doji got me to sell on that day, as the options were down to 3 DTE.

Thanks again, Steve. That was a big win.

Roll-up model = Valeant = Hain = failed model

Here's Grantham's 7 year forecast, which has a very good track record over the decades.

An honest GPD report in a key factor that the Govt sets (deflator). GDP would have been negative with this deflator last quarter (which would have been an accurate reading). Somewhat surprising on the sequential; not at all surprising on the trend.

GDP tomorrow AM. Could be double the 2 handle expected sequentially.

Very decent. Thinking of tightening up or cutting trading positions in bonds ahead of what may be a very strong sequential GDP number on Friday.

MPEL moving

TOS shows UVXY up 393%; good to see technology on top of things.

Well put, as always, Steve.

Fundamentally, no. Multiple leading negative factors in most recent report. But of course the stock can bounce before going lower. Will be surprised if 350 isn't hit in the 2nd half.

Read any prospectus for that matter. If you're worried about physical vs paper, go with the allocated Canadian fund instead. Just don't do it in an IRA.

The chart is using reported earnings. You're citing earnings estimates and then making an assumption on a two year average of those estimates. That in no way makes the chart misleading.

Thanks for the heads up, Steve

Thanks for those views, soldado...

Looks like a bad TLT print based on ZBs, but Nasdaq does show it trading to that high over a few minutes before coming back down.

I would recommend analyzing TLT for signals on either TLT or TBT. Put the charts side by side and you'll see that there wasn't a double top in TLT, but was a double bottom after the open. The underlying instruments (1x) give the signals; they don't look the same on the leveraged.

And bond yields down

Please use the subject line to minimize these long posts.

WSJ headline. Why they never figure out that these yields are mirroring growth slowing country- and world-wide is a mystery. And now they are increasingly predicting larger recessionary forces.

You and yours too, Steve & Matt