The Bull Trap the market created on noise that the BREXIT was not going to occur did just that - trapped dumb money into thinking we're headed North. We not only had a classic 9:50AM reversal off the HOD, but midway through the session I made it clear SPY was overbought on the the longer term charts and a SPY PUTS or VXX CALLS scalp was in order. Seeing yesterday's early strength selling off so quickly without being able to break [...]
All For One Media Corp. (AFOM) A colleague of mine that enjoys digging deep into OTC runners and promo tickers before they are announced was kind of enough inform me that a ticker we spoke of a few months ago, AFOM, had some sudden volume yesterday. Prior to yesterday, they may as well have been re-releasing MC Hammer's "You Can't Touch This" since only 1400 shares had traded since Christmas, of which they were on 4 separate dates ranging from [...]
#Brussels At 3:45AM EST, reports of multiple deaths and injuries from explosions may have occurred at at Brussels Airport in Belgium. The explosions occurred in the departures hall for American Airlines. Shortly after, Brussels Fire rep. told NBC that there have been at least 4 explosions at different metro stations. Airline stocks in Europe immediately began falling when European markets opened. Expect the same to occur in the U.S., especially for American Airlines (AAL). Majesco Entertainment Co. (NASDAQ: COOL) Majesco is a [...]
Short trading week with Friday being a holiday. Trading hours updates via Twitter and Chat (as always). RVUE 0.0036 (Small Money Trade) Ryan brought up RVUE on Friday and I had a chance to look into it this weekend. All I can say is that RVUE, although it's only a small money trade, looks ready. RVUE is as real as rain, booking $1 million in revenues the last two years plus as an advertising technology company. I listened in on their Fourth Quarter [...]
