APA – new 18-year low!! – https://www.marketwatch.com/story/apaches-stock-plunges-toward-18-year-low-after-update-on-well-status-disappoints-2019-12-02
OXY – new 3-year low
COG – new 3-year low
TAP – new 3-year low – the only non-oil stock on the list
#Markets – Falling knife stocks at new lows:
NKTR – Nektar Therapeutics
DLPH – Delphi Technologies PLC
CBS – CBS Corporation
OI – Owens-Illinois, Inc.
AMG – Affiliated Managers Group, Inc.
VIAB – Viacom Inc.
SLB – Schlumberger Limited
ADS – Alliance Data Systems Corporation
HPQ – HP Inc.
FCX – Freeport-McMoRan Inc.
ABMD – Abiomed, Inc.
OXY – Occidental Petroleum Corporation
FANG – Diamondback Energy, Inc.
CCL – Carnival Corporation & Plc
AMCR – Amcor plc
HP – Helmerich & Payne, Inc.
CXO – Concho Resources Inc.
EOG – EOG Resources, Inc.
DO – Diamond Offshore Drilling, Inc.
SCHW – The Charles Schwab Corporation
#Markets Opening was highest $TICK since Feb 2018. Is it over?
“The level of the S&P futures versus its 50-day moving average is severely extended. In fact, over the last 20 years, it has only been this extended twice.”
BTC January 35 puts @ 1.20, sold yesterday at 1.50, decided I did not like the trade. I can’t give any reason but, I am just nervous about this market right now. Something does not feel right to me at this moment.
#Markets First time hitting 2800 since March 13th.
Layering in some short protection but carefully as this selloff is contained so far and the obvious suspects like GOOGL and AMZN are not participating.
Bot SPY Jul20 275p @ .97 x5
Bot VIX Jul25 13/15 cds @ .84 x3