Top 5 Tiger Cub Stock Holdings & Short-Term Trading Strategies
The entire universe of “Tiger Cub’s and Seeds” (offshoot funds of Julian Robertson) are sitting on huge long positions in the following high beta stocks:
GOOG, RIMM, QCOM, BIDU, AAPL
I doubt there is intentional coercion, but there is certainly dialogue. What are the short-term implications for fast money traders? These stocks will have support on significant pullbacks and a lot of the float is locked up. The way RIMM trades, you’ll see the stock rally on the slightest strength in the broader market, while AAPL has been a rock and should ignite if there is any sign of a sustainable rally in the market.
Journal Entry – Week of August 18
THEME: AGGRESSIVE TIGHT RANGE TRADING
As always, published later in the week for the benefit of preserving any edge for traders on this desk that use this research. I’ve been peppered with calls to either publish it earlier or create a membership/subscription backend for those that want it at the beginning of the week. Sorry folks, my hands are full enough trading.
Remember this: Leadership develops out of the least-expected areas; keep a close eye on sectors that are basing and holding up better than the overall market. Also pay attention to beaten-down sectors that stop declining even with negative news (e.g. homebuilders).
Crude is at crucial long-term support. Before breaking through, there should be an oversold rally. It’s at 40-week EMA and 200-day EMA.
Gold also at crucial long-term support calling for oversold bounce. Thus, expect CRB index to rally.
COPPER set to bounce. Look to sector.
Nasdaq 100 futures breaking out:
Nat. Gas. at long-term support, prior high:
SPX room to 1350:
Aussie Dollar at long-term trend support (critical commodity currency):
Possible long-term top in Crude? Reversing from top of trend channel, has a long way to go before getting to the bottom of the channel. In the near term, possible bounce to $122 because oversold and excessive bearish sentiment in market:
GSCI still has a ways to fall intermediate/long term:
But near term, GSCI finding support at 50wk-EMA & 61.8% Fib retrace:
GSCI daily showing short-term bottom possibly confirmed with failed breakdown and tail:
Where is Naz 100 going to go from here?
Russell 2000, September ’08 futures contract shows double bottom in progress:
September ’08 Spoos near-term heavy resistance at 1320-1325:
What’s all the fuss about a “US Dollar Bottom”? Is this a bottom?:
Apple break below $175 will see $170 really quick.
ANR: Perfect Diamond Top (very rare and highly reliable). Implies takeover talks at $110 by Arcelor/Mittal or Cleveland Cliffs will fall apart. This trade should be taken using PUT options instead of shorting the stock.
Here’s a new stock never traded before but looking incredible. I think it came from “Top Charts”. Trinity Industries (TRN):
