Hi

 

 

Next week will be an interesting one! Going into the end of the year has been a pretty straightforward strategy. Go Long, and buy the dips. Another strategy you could have employed is go long and stay long giving you a return of over 20% if you just tracked the indexes.  Now we enter a new month, a  new year and a new decade.  Here is something I have been hearing around the trading desks. So close to the end of the year and such big gains don't look for to much selling easy enough to hold a few days to 2020 to not have to deal with capital gains for the year.  I really understand the logic here. So the big question now going into January is how far into January do we get before we see some 2019 profit taking. The next concern is January 2nd the first trading day of the year. Typically this is one of the most bullish days of the year. Could we see a wave of selling on this day?  
Welcome 2020 let the games begin!
 
Other then Biotech there has not been explosive movers, This past week was another great one, I ended taking some more profits in AUPH when i got near 22. In this case I wanted to try to stay fluid and trade the stock more then hold it straight out. I plan to add again to it next week..  A new biotech came to my attention in the chat room today due to its breaking news on phase 3 enrollment has finished. This  has moved up to the #3  spot on my Spec Bio's
(Stock can be found in Members Video) 
 
Some of the Trades this week
 
DayTraderRockStar: + SOLD 300 AUPH 21.76 +4.21 USD DRCTEDGE + 1 13:28:03 1.11 Holdingt 700 Shares Plus Options
 
DayTraderRockStar: Higher Risk BOUGHT 10,000 BNGO WAR Aug2123 6.125 CALL (1) 0.1550 USD DRCTEDGE 10:57:26
 
DayTraderRockStar: + BOUGHT 3,000 LODE @ 0.4303 USD ISLAND 13:55:45
DayTraderRockStar: All Out SOLD 100 ESPR 56.69 +4.42 USD IBKRATS 11:48:04 1.1310:55:29   12/24/19 
 
DayTraderRockStar: Added to position BOUGHT 100 BTAI @ 10.06 USD IBKRATS 10:53:43 200 @ 9.93 trades
 
DayTraderRockStar: added to position BOUGHT 3 WM Feb2120 115 CALL @ 1.95 USD GEMINI 10:10:00 OptTrader trades 6887 09:51:17 12/24/19 
 
DayTraderRockStar: SOLD 100 LK 34.86 + 1.32 USD IBKRATS 09:42:39 1.08 trades 6886 09:00:33 12/24/19
 
DayTraderRockStar: Premarket SOLD 500 PTI 1.73 +.42 USD DRCTEDGE + 1
 
 
I continue to bang the table on $WM and if you got in when I did you are nice today. I really feel this is quintessential HPS trend line retracement.
 
$MDT is in the cross hairs next week and discussed 
and $DRI has been added to the HPS Watch List Alerts
 
I give an update on the RockBot and the great success of the super signal
 
The Video is about 1 hour but lots of material and a good listen.
 
See you in the markets 
 
John
 
DTRS