Like the Energizer Bunny, the bull market just keeps going...

Who am I to fight the trend?

Today's trade is a stock that has been consistently traveling the path of least resistance higher and we're betting on that trend continuing....

With bullish setups continuing to climb this week, I like the cushion this gives me to continue putting on some bearish bets to help smooth out any possible portfolio volatility that may be on the horizon.

Today's bearish "hedge" is a short...

Today's trade is in a steel sector name that recently poked its head above a resistance level that had been capping the upside for over two years now.

As the stock consolidates its recent breakout, options premiums are quite low, offering us...

I believe the options market is underpricing the possibility of a downside surprise following earnings coming up in Hormel Foods $HRL.

So we're going place a long-shot bet that will pay gluttonously if we're right.

As many of our longs continue to work in this current leg higher in the stock market, I like putting on bearish bets as portfolio hedges to cushion the blow if/when the turn comes.

And the best way I know how to do it is to position bearishly...

Perhaps the title of this post is a bit dramatic. But it got your attention, yeah?

While the indexes continue to plow higher and higher, proving markets can stay irrational longer than bears can stay solvent, there continues to be signs piling...

We’re gonna keep this quick cuz I’m on the road doing errands.

I just got off the phone with JC, who called me in the car. His “spidey senses” are tingling and he thinks there might be a low-risk/high-reward opportunity to short the broader...

Today's trade is a "keep it stupid simple" kinda trade that might take a little intestinal fortitude if you do not enjoy buying stocks at all-time highs.

But in my experience, these are the types of stocks that continue to defy odds.

...

This is a bonus, second trade idea for today that came out of our internal conference call this morning and dovetails nicely with this note that JC just published.

We're...

It doesn't happen very often that a bearish setup presents an opportunity for us to position with a simple long puts purchase. Usually, when we want to buy puts, the whole world is on to the idea and the premiums in the options market reflect that....

Today's trade is in a $79B company that provides software, hardware, services, and reusable integrated circuit design blocks.

Here is a chart of Cadence Design Systems $CDNS:

Today is Day Two for the All Star Charts team hosting our Portfolio Accelerator event in New York City.

During our group conversations today, Strazza and I put our heads together and put on this trade in Snowflake $SNOW.

Hey folks...

The entire All Star Charts team is presently in NYC hosting our Portfolio Accelerator event. So I will skip the preamble and get right to the point for today's trade in $TSM...

The housing sector continues to perform well, and it makes sense that companies in the mortgage business should come along for the ride.

One of those names had a big push into the end of the year, and then had a monster pull back to start 2024...

Don't let today's headline scare you. I'm still bullish overall.

But with the S&P500 still bumping its head against overhead resistance, it wouldn't hurt to provide a little ballast for a mostly long portfolio here.

So with this in...

I'm showing my age here, but I've never used the social media platform Snapchat. Nor do I have any plans to do so.

But I'll happily trade options in the stock when there are favorable setups. And we have one now.

Let's get right to it...