Lions, Watch For That Cash Rotation Back Into Tech I Have Been Talking About. By Gregory Mannarino

marketreport (74) in money • 7 years ago (edited)

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If you have been following my work as of late I have been saying we need to look for a rebound in tech well, it appears that the roation of cash back into this sector may have just started.

In one of my last video blogs, I discussed how tech has become the bastard child of Wall Street-and when you see this type of negative speak against a particular sector to me, that means you need to start looking for a rebound.

At the time I am writing this article, it is 6:50 AM West Coast time United States and it appears to me that cash appears to be making its way back into tech.
Now if you go to my website TradersChoice.net, click here: https://www.traderschoice.net/money-page--stock-picks.html
you will see that I posted two new positions one is in Facebook September 150, and the other is Apple September 145, I expect that these should perform nicely to the upside moving forward however, always be cautious, and play these correctly.

Happy trading my Lions!

Gregory Mannarino
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7 years ago by marketreport (74)

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makeithappen (61) · 7 years ago

All green on the borders.
We will see. how it plays out. Have a good trading week.

annesaya (63) · 7 years ago

upvoted! good luck

kingfish111 (41) · 7 years ago

also greg metals are down today, lets do a tangible(tango) dance at least a nibble

elevator09 (71) · 7 years ago

good report

tradetotravel (45) · 7 years ago

Good luck with the trades Greg,thanks for the post.

richard78624 (54) · 7 years ago (edited)

Microsoft is going to let go of a lot of workers world wide is this going to be positive or negative for tech. Have a great 4th. Also they sure did hit Metals and pushed the $ up this morning

buzzbait (44) · 7 years ago

Thanx for the update.... follow the money trail... :-)

david777111 (61) · 7 years ago

Rebound in Tech. Sounds about right. Thanks for the picks Greg.

contrarianinvest (39) · 7 years ago

Thanks, I think they won't let fang stocks drop significantly

stillwater (61) · 7 years ago

Peaks and valleys ..... I suppose tech will now start it's incline to yet another peak from it's decent into the valley recently? Is it time to get on board? Ride that paper train. ROOOOOOAAAAAARRRR!!!!!

jessiejesurasa (38) · 7 years ago

Thank you

joejustjoe (48) · 7 years ago

First! haha! :-) If you read my otehr spew you will see that I was a bit concerned about the fact that FB wasn't up stronger in premarket trading than it was with the VIXens getting hit pretty hard. I had a "hair standing up on teh back of my neck" type moment so to spekk, Greg. I'll let you know if I think something is "fowl" in the air. I hope not as I want to see the major market indices get setup for crash and burn. I'm getting tyyyyyrd of this shit. :-)

marketreport (74) · 7 years ago

Crazy times my friend. But I know we will win over time.

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joejustjoe (48) · 7 years ago

I'm cxl'n my limit sell on FB now and holding for a better return. I have the FB 7/21 expiry 152.50 calls at $1. I will keep you posted by replying to you somewhere...not sure where yet. But when I close the trade out. Glad you didn't panic, Greg. I'm proud of you, paison. :-)

marketreport (74) · 7 years ago

Thanks. I must say I was getting a bit rattled.

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joejustjoe (48) · 7 years ago

It's best to not worry about it and just turn your losers to winners. I am still holding my GDX long to $22 by July 21st expiry. That was the reason for the short in SLV in the first place...to hedge the rest of my long (and now wrong!) trade in teh sector. With my 200% gain in my SLV short position today I could take half the SLV short away and honestly...who gives a shit what happens to GDX now...right? :-) I do, only I can "save" the sector. Make sure you stop by my blog often or follow me if you want to see me do it. Check my comments as my "add to" in GDX will be an update to my current blog...and not a new blog.

joejustjoe (48) · 7 years ago (edited)

There may be a "surprise attrack" on the SPX here. It signaled short term sell this morning on the open and as you know I came into this trading week looking for a short term sell signal on UVXY. If UVXY is still going to singnal sell there is now alot of rally left in it after this opening drop. So if I was long FB I would be concerned, cept that you have a longer term long...out to Sept. So you can "kinda" relax. But at least learn to not buy gapup moves like you did via AAPL today. :-) Here's the short term sell on SPX. I'm not picking on you. I'm just showing you that sometimes you need to look in more than one direction at a time. My "overall" take is based on solely the VIXens and this sell signal on teh SPX.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=spx&x=59&y=11&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

Actually, scrath the sell signal. In the brief time it took me tp spew this the SPX has now set a signal that this morning's high will get taken out. So this makes things a tad more positive. SPX may still sell off...but there would be no reason to panic if you are long. I will be looking to buy the SPY (altho perhaps not personally) on a pullback. I'll do a new blog on that at my steemit blog "if" it actually happens this way.

joejustjoe (48) · 7 years ago

Here comes the signal on FB I personally would have waited for. I won't log this trade at all altho I will continue to provide full disclosure. That's one of the other things I do at any stock spewing arena I'm at. :-0 FB "close enuff" here for me so I tolod you to play the 152.50 7/21 calls. Since I am even MORE confident in teh trade I will bump it up an expiry date in the weekly contracts and log in a trade in teh July 14th expiry FB 152.50 calls. Last trade of $1 ...spot dead on but the asked now below $1. I'll take $1 just to make the numbas easy to recall. Here's the FB "live!" chart as it trades near 149.15...ish.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=fb&x=53&y=18&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

joejustjoe (48) · 7 years ago

Nice! The further dumpf means I now have to work meself out of trouble. Mind if I do it at your place, Greg? I'm too embarrassed to log this in at my place. Good thing nobody goes there. Go ahead Mannarinoites! reem my ass! :-)

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joejustjoe (48) · 7 years ago

I guess I should ask you since you may have followed me on the FB trade I logged here. I logged it in at $1 per contract via the FB 7/14 152.50 calls. I then got my ass kicked to a low of .84. If I place a sell order at 1.10 to go "all out"...would that be a good trade in your mind? ..."if" it gets sold that is. I'm in "try again" mode since we now "know" the low of 148.26 is now a downside target. Maybe I'll just shoot for 20% ...OK, Greg...limit at 1.20. Wish me "luck!" :-)

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=fb&x=39&y=18&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

cantfightthefed (33) · 7 years ago

How can anyone follow your trades when you flip flop 6 times in 6 minutes I have no idea whether you're bullish the market or bearish. long QQQ or short QQQ long vix or short vix. long Facebook or short Facebook. Long gold or short gold? Who the hell can keep up with your flip-flops sheesh. Speak english pleeez

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joejustjoe (48) · 7 years ago

I didn't post teh FB trade for you. I posted it for Greg and yes! ...the markets are volatile. Like right now you are "wishing" you went long IWM when a few short days ago you were admonishing me for spewing the now "fact" that IWM is showing "great" strength. I told you to just blot out everything I say cept for the gold sector. Your mind can't handle too many trades at one time. I did give an update on IWM just now though. :-)

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cantfightthefed (33) · 7 years ago

So we should be long QQQ here? Spit it out

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joejustjoe (48) · 7 years ago

I'm eating Washington state cherries and I like to play with the pits in my mouth. You are lucky I am in a good mood today as it sounds like you are getting your ass kicked in the Q's? The answer of course is that it is so close to the low on this 5 day chart that I would just wait for at least that to go long. :-)

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=qqq&x=64&y=12&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

Are you simply asking me to post a long in the Q's instead of the SPY? I'll do it for free but as far as I'm concernt you STILL owe me at least lunch for the heartache I have saved you. :-)

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joejustjoe (48) · 7 years ago

Also, for weeks now I gave you a Q's 'ultimate" minimum target of what? That's right...135.32..to be eggzact! it's there "clearly" stated at my blog. I told you to jot numbas down. Now I am 'suggesting" you get a new tattoo EVERY time I post an important numba. Put em all in one spot and if you don't want your wife to see them simply tattoo them where she WON'T see them. You need to start keeping better track of my shit. :-)

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cantfightthefed (33) · 7 years ago

Yeah but that was two months ago you said that.. June 16 puts ...pretty sure those went out to the grave yard. Try to put you calls in one place. Aint got time to chase you down for a facebook long call somewhere when you calling qqq short somewhere else. Those are like a straddle trade no?

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Show 3 more replies

bearbear613 (67) · 7 years ago

we all want to know when the debt market breaks!

patrickmeier (44) · 7 years ago

Great one! :)

enomujjass (64) · 7 years ago

thank you for good report

jbcoin (57) · 7 years ago

Thanks for the tips Greg! @marketreport

agaupt (65) · 7 years ago

Thanks greg your number 1 my friend.

traderglen (44) · 7 years ago

Big rotation out of tech and into dow stocks today

marketreport (74) · 7 years ago

The day did progress like that, I am not sure what happened. What do you think?

traderglen (44) · 7 years ago

Europe is in trouble. Money rotating out of European markets into the DOW. NDX broke out of it´s Trump channel last week. 4th of July weekend, uncertainty, NDX was on a tear, makes sense, investors taking profit. There is a possible larger channel where I would believe price could at least bounce. https://www.tradingview.com/x/S4I3heJ2/

digestingreality (52) · 7 years ago

Well I think your right the cash has to go somewhere and currently it's being stolen from Silver & Gold in a big way!!! Thanks "Greg The Lion Mannarino" :)

moneymakeredge (34) · 7 years ago

Dollar Index and PM's are headed down. Money is net short on AMZN and FB. Technical chart looks down on both these. I agree on sector rotations but these two look Net short.
Silver and Gold getting kicked.

moneymakeredge (34) · 7 years ago

Hope you got out of those positions and moved to $JDST

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ngman100 (53) · 7 years ago

Thank you
Good lucks!

jwolf (70) · 7 years ago

thanks for sharing :D

mrjohnson (41) · 7 years ago

Thank you, Greg! Followed.

enjoywithtroy (68) · 7 years ago

Thank you Greg for sharing your wisdom with us. I always look forward to your reports.

altcointrends (46) · 7 years ago

When you say Tech, I assume you mean back into the cryptospace?

screenname (66) · 7 years ago

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