One of my fave trader-bloggers right now is a guy named Brandon Rowley, his site is called Trading Wall Street Investments. Brandon actually trades from an actual trading desk, he’s not doing theoretical claptrap like so many other market bloggers lately.
Instead, he’s letting us in on what the tape is telling him and putting up concrete trading ideas.
Anyway, a few insights from his post yesterday before I send you over…
First off, his takeaway from this week’s “mini flash crashes” in some momentum faves like Apple ($AAPL) and Amazon ($AMZN) is that the pullback is buyable. He’s got some targets and rationales as well.
Also, his October Trade is long the oil patch names. Brandon cites the surprise drawdown in crude supplies that shocked the market and drove oil prices up over $5 on the week. Noticing the fact that crude remained unchanged throughout September as the market rallied, he put himself in front of the rotation with names like $SLB, $CXO, $TDW and $WFT ahead of the report. And he’s sticking with the trade.
This blog is a new follow of mine but is increasingly becoming a favorite. An authentic trader doing the things he blogs about – a breath of fresh air.