The Russell 2000 index is as clear as it can be that this is a time to be accumulating shorts (Jun puts), not chasing high flyers like TWLO which is up +45% post yesterdays earnings report. The Dow is up over 400 points mid-session, and IWM up 2%, but where is the gain on the chart? TWLO Meanwhile Twilio (TWLO) is at $170 today, up 45% on yesterday's earnings report, showing a surge in sales in part because of their iCloud based business model, including remote conferencing. The stock is being pumped by CNBC by four of their commentators, all glad, "they bought it in the 30's." Investing is so easy...in retrospect. I took TWLO out of our trading portfolio last year because its signals were not performing up to snuff. The last Intermediate Term signal was a Buy back in April at $110. Shorter Term the hourly chart, the chart we trade in the PRO service, would have issued a Buy Signal three days ago May 4th @ $112. We probably would have passed on these because of pending earnings, but the pattern recognition did catch the run-up. As I said, trading is so easy...in retrospect.
