Click the chart to enlarge it and study hard ... would love to chat with a trader who played VRX using this weekly Elliott Wave -- getting long in August 2014 and exiting in August 2015 ... everybody sees the same thing at the same time (assuming they're watching), but acting on it is what sets people apart.
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Rotten Tomatoes used to aggregate the movie reviews from newspaper critics and compile a valuable ranking of the Top 100 movies for every year. Now they include the reviews of all kinds of amateur critics (i.e., idiot bloggers) and the usefulness of the list is diminished. "The Guest" appears 90% Fresh, which means it comes on my radar and I watch it only to learn that it's a really dumb movie. It's not badly made, it just makes no sense.
I'm still working my way through the Top Movies of 2014 and only have three that I liked / can recommend: The Lunchbox, Nightcrawler, and Under the Skin. May be tough to come up with a Top Ten list for this year, but I'll keep plugging away (for the benefit of you dozen loyal readers).
Ralph Fiennes bastard brother
Interesting end-of day action in $VRX ... after the 15:38 break, took it back to $112ish into the close, after-hours closed at $96.26. Thanks to @DonutShorts for Bloomberg news search screenshot.
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Reversed the China and Crude Oil Shorts....
Same-week whammy in the small caps ... that's a quick way to lose ~13%.
Emerging Markets and Small Caps flip back to long.... posted an updated 30 minute SPY chart below with the range marked out.
Timing of the pop odd since the story was on the AFP wire at 3:32 AM ... maybe it came on the boob tube, I have no idea... in any event, the scanner should have been screaming at 10:50, I assume a human could have entered at $11.38. See the StockTwits screen cap below to see who picked up on it fairly fast: WallStJesus, OpenOutcrier, NewsHedge_Squawk, UTradingFloor, DayTradeWarrior, and TrendsInvesting.
Crick to enrarge
Reversing QID and TECS for large losses ... those are two of the terrible positions taken on 8/24 (fixed the date typo in spreadsheet, prices were always correct), just the absolute worst sort of whipsaw. Anyway, soldiering on.
Reversing the yen short for a loss ... a reminder that I'm the only person on Planet Earth who shorted the China market on June 1st, find me another time-stamped post, article, TV clip, I don't care, which shows similar timing and I'll paypal you $20 ... I've posted a chart of the SPY down below ... you can expect prices to bump around in that range for awhile, nearly a 30 point range, so....
Crick to enrarge.
SRS belatedly reversing, no other changes. Terrible action last week for trend followers, just the worst kind of whipsaws, but nothing has *re-*reversed yet so I'm assuming that real damage was done to the market and we'll see things back and fill for many months.
I joked on The Twitter that SCO could reverse now that I had bragged about my "gains" ... never brag. :-)
