We had our best day of the year yesterday! How did you do? Hopefully very well if you are one of our Members or have been following us on Twitter , where I began warning people one week ago that this was about to happen. And I don't mean in that ridiculously vauge Jim Cramer weather-vane way that's subject to interpretation. Not at Philstockworld! On Wednesday March 18th, at 7:52 am, I tweeted : It doesn't get much more specific than that, does it? That was our post BEFORE the Fed announcement on Wednesday and, in the morning post, we discussed the decaying macros – as I have been doing with our Members for most of this month. That morning, we also called a bottom on oil at $44 and I put up the following trade idea for our Members in our Live Chat Room ( which you can join by subscribing here ): We topped out at $110 in Jan but already we can sell the April $110s for $10.50 so let's sell 3 of those in the STP for $3,150. We already sold 3 March $105s for $5.40 (now $4.50) and they are going to be cutting it close but, worst case, we'll just roll them to April $110s. We also already sold March $120s for $13 on the spike to $110 and those look good at $2.50 with 3 days to go . Of course I also like the long on /CL off the $44 line – as I said earlier, I expect us to test $45 into the inventories but at least $44.50 should be hit. As you can see from the SCO chart, we caught the dead top on …
We had our best day of the year yesterday!
How did you do? Hopefully very well if you are one of our Members or have been following us on Twitter, where I began warning people one week ago that this was about to happen. And I don't mean in that ridiculously vauge Jim Cramer weather-vane way that's subject to interpretation. Not at Philstockworld! On Wednesday March 18th, at 7:52 am, I tweeted:
It doesn't get much more specific than that, does it? That was our post BEFORE the Fed announcement on Wednesday and, in the morning post, we discussed the decaying macros – as I have been doing with our Members for most of this month. That morning, we also called a bottom on oil at $44 and I put up the following trade idea for our Members in our Live Chat Room (which you can join by subscribing here):
We topped out at $110 in Jan but already we can sell the April $110s for $10.50 so let's sell 3 of those in the STP for $3,150. We already sold 3 March $105s for $5.40 (now $4.50) and they are going to be cutting it close but, worst case, we'll just roll them to April $110s. We also already sold March $120s for $13 on the spike to $110 and those look good at $2.50 with 3 days to go.
Of course I also like the long on /CL off the $44 line – as I said earlier, I expect us to test $45 into the inventories but at least $44.50 should be hit.
As you can see from the SCO chart, we caught the dead top on…
