Oil sell-off was too steep and too fast. Looking for an entry on UCO long.

I missed getting short on UCO by less than a dollar, I was looking for a break above $62 to enter a put on UCO.  It got to $61 and then fell and fell hard, oh well can’t get them all.  But this sell off seems a little overdone, If I can I’ll get long on UCO tomorrow and take profits on a short bounce.  I believe we could test around $45 again, but I’m not going to wait since everyone crowds into the trade on the long side every time we get below $50.  A lesson I’ve learned is that oil fundamentals (supply and demand) are only a small part of how it trades, we have speculation, more speculation and the dollar strength.

I’m still long DIA, I’m even after today’s small loss on the Dow.  I should really exit if we get any sort of rally but this market has so much upside going into earnings season I really want to stay long.

Vmem is killing me, new lows everyday.  I’m long into December and this will rally huge with any sort of decent number end of August when they report but this stock clearly has no floor….

TWTR looks good with a floor around $35, BABA is down but should hold $80

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