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Global Scan Picks: ADNT et al
ADNT: Good STP until 10:45 or so, gain of over 4%
AJRD: Strong and steady STP all morning, how did you find this?!
CDNA: Whoa, huge gap up of 25% from close, then climbed further until 10:45
CMRE: Up decently on high-ish volume
Cim: Continuing steady, smooth rise from all of yesterday. Only up .5% but nothing wrong with that
Vgr: Nice STP after small gap up, up over 2.5%
Blrx: Was up decently until 10:30 then tanked
Ev: Same
MO: Good gap up and slight rise, levelling off for now
Fpi: Same as MO
PRAA: Same as CIM
Good stuff, Global. These scans are the key to finding Runners :)
Thx!
MD coming back for more!
IYZ TRU
IYZ - Telco ETF. Flat on low vol. Could be Making breakout now (11:05)
Zero option volume
TRU - Very slightly up (.25%) almost went into STP, slackening now
Close to zero Opt Vol.
I suppose Option Volume is relevant to Pirates like us who are planning almost exclusively to trade the options themselves, as opposed to exercising and getting the underlying shares?
haha! It's great getting dirty, but also good to have a hot shower.
I enjoy that up until ... 30 Celsius, like around 90 F lol
Were you hunting up north?
HOV PLSE
HOV - Small rise at open, climbed 1% from close on low low volume
Most indicators going south at 11:00. No Opt Vol
PLSE - Opened up a bit, then nosedived over 6% on relatively high vol.
*** as of 11:00 is seriously RE-Pinching so worth keeping an eye on for a breakout. VTX and TRIX rising... For SHares, there is zero Opt Vol
Welcome back Globes!
We'll check those out :)
DISCK MD LVLT
DISCK - Neutral, no change, dipped a little after the open, on low > normal vol. Zero Opt Vol thru March '18
MD - Had a nice short STP from 3:30 pm to 10:40 AM. In fact, only indicators showing reversal are CCI20 below 100, ADX 5.
TRIX approaching / falling to zero, but may not go below. Still up .5% from yesterday close. Extremely low, almost zero Opt Vol.
LVLT - Flat from yesterday, low volume. Worth keeping eye on. It's fortunes are tied to CTL, CenturyLink owns Level3. Dang almost zero Opt Vol. I only point this out b/c... well if no one is buying Calls or Puts, no one will be buying them FROM us, correct? Or am I missing something?
TV
Thanks Sam, good RAD article
Let's hope they have some good news for us! Like Global said: They have to do the right thing with the money from the sale
You bet, Sam. I'll make'm shorter tho, haha
CTL KTOS CHRS
These are from Sam's End of Day Scan 9/25/17
Review of first half hour 9/26/17
CTL - started weak, no change, relatively low vol, low option volume (<100 for various dates 1, 2, 3 months out). Except for Jan 19, 2018-- someone has bought 2000 Calls for $20 (Just above the current price). Trading well below 200, 100, 50 MA. Weakening further as of 10:10 AM. Worth keeping on the radar / watchlist as it is pinching right now. I actually own some CTL as they have a killer 11% dividend
KTOS - Nice gap up, >3% higher than close, healthy to strong volume. Already petering out by 10:05 AM.
Scattered almost nonexistent option volume (10 here, 20 there, mostly zero even near the money).
Basically had a good, strong, short STP, great for a quick scalp with shares, because price <$15 and no option volume
CHRS - Dipped at the start, bouncing back strong after 10:15. Normal volume. Going forward 7 months, option volume is exactly zero for calls n puts.
Could still be good for shares
Morning Kim and Mateys
I'll report on those this morning, Sam. Thank you!
Looool same here. Can't ask any more of ya, Kim!
We're all in the same boat, so to speak :)
hah, bad puns on a Monday morning
Thank you Kim, good reporting! :)
I'll check on some more of these Sam pointed out
Good morning everyone.
Playing catch up here :)
Rad often moves a lot in the final :10 min
-- Or is that just some anomaly of trade tidying / reporting from the rest of the day?
PTN monster - shares or Calls?
FSLR - First Solar
- Nice STP to start today, slightly high volume
- Well into 52 -week high territory
- Healthy option volumes (between 400-1100 for strikes near money)
That is for Calls, next to no Put volume, which may say something about general sentiment re: FSLR
- All Puts with expiry going forward from today to January are hugely down, from $1.10 - 3.30. Around 50-65 % down just today
- Calls going forward are also slightly down, except starting Oct 6. Prices for almost all calls after that date are up today
- From MT Newswire article today:
First Solar (FSLR) though, is expected to benefit from tariffs on imported panels because it uses a different technology that isn't included in the ruling so its shares rose.
US Trade Commission thinking of imposing tariffs on foreign Solar tech parts, but FSLR uses different style, so may benefit from these tariffs.
Full text:
Solar Stocks Active on Potential Tariff After ITC Says Cheap Foreign Solar Panels Hurt U.S. Manufacturers
2 hours ago by MT Newswires
Companies Mentioned: JKS, FSLR, JASO
12:29 PM EDT, 09/22/2017 (MT Newswires) -- Solar stocks were on the move Friday after the U.S. International Trade Commission (USITC) ruled in a case, saying a flood of cheap, foreign solar panels is hurting U.S. manufacturers. That gives President Donald Trump a chance to impose tariffs and import quotas as early as November.
The USITC will hold a hearing on Oct. 3 in Washington, D.C., to consider possible trade remedies. The USITC will likely recommend tariffs to the President by Nov. 13.
However, most solar shares were dropping because higher costs for cells and panels could impede solar projects in the United States. The Solar Energy Industries Association said in a statement "The ITC's decision is disappointing for nearly 9,000 U.S. solar companies and the 260,000 Americans they employ."
Shares of JA Solar Holdings Co.(JASO) and JinkoSolar Holding Co. (JKS) fell. First Solar (FSLR) though, is expected to benefit from tariffs on imported panels because it uses a different technology that isn't included in the ruling so its shares rose.
Price: 7.65, Change: -0.20, Percent Change: -2.55
I'll check it out...
Good stuff, thx Global!
Good point on RAD, Sam
It has taught us a lot, and you're miles ahead of the rest of us when it comes to chart reading and Scan design. RAD certainly seems to defy quite a few of the rules tho.
FINL - interesting gap down and then huge leap
I've been meaning to ask you Sam, what you make of Vortex both Green and Blue rising... or is that an illusion caused by the real time display?
Great list, Global. I've been watching XLE, QQQ, SPY and others
because of your, Sam and Kim's updates :)
Sam - Great work on the new Header Chart
The arrows and explanations really help a lot! The Crew appreciates all of your efforts and teachings :)
ESV bouncing back
Thanks Global, gonna check those out too
Come on RAD, although I'm not holding my breath for The Pharmacy anymore :)
Ahhhh OPEC. I think it was local time and meeting is over
XLE was climbing on hopes / news that the Oil Glut is decreasing
ESV - I see what you mean Sam, with the red and blue bottom PPOs
And also that it doesn't appear the way you describe after the fact. It's a condition of The Chart, stuff appears quite different later when it's 'Printed'. In real time, it was bottoming out on the bottom 2.
Because of the way you've designed it to be mirrored up on the top 2, would you say that's the same as the red and blue PPOs hitting the STO on Flat at the top? In terms of being a HOD or at least current high?
Shocking drop on that tho, yikes! That happened to one of the Scan picks from yesterday, it was rocketing and then had a massive drop.
XLE - I guess the oil and energy stocks are bouncing back
Good find, Kim!
Thanks Sam, I'll check it out
Just catching up here
Morning sand, thanks for the Apple info
I'll check that out along with everything else for sure :)
Good luck today Kim :)
Lifetime Pirate!
Always love to hear your stories, Sam. You mentioned St Croix before. I hear it got hit by Irma or Maria this month, very sad
Morning all
On the air here, I'll try to research stuff later when I can. Plus I've gotta see what my official role onboard will be :)
Thx!
Thanks Sam - glad to help everyone on the Crew :)
RAD - So Friday you're thinking?
If Tuesday was the official announcement. Exciting!
Good find, Kim. Let's hope it is!
That's the angel investor we need :)
Good idea, looks to be sputtering out
Nice work, Global! Yeah Sam, no idea, it's chaotic after the Fed meeting.
Typical overreaction.
Copy that for paper orders: GDX 23.5, 24 and 24.5
Very cheap after the roller coaster drop!
Global may have gotten in on VXX Calls before it shot up :)
Then hopefully some VXX puts as it completely reversed.
SPY is totally recovering, great buy if you got those at the dip, Global.
GDX bounced back a bit too