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.
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....
We got stopped out of a Wells Fargo trade a couple of weeks ago, and it looks like that was the whipsaw it needed to shake weak hands out. And since I was shaken out, I consider myself among the weak hands squad. I'm ok with that.
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...
Today's trade is in a name that many American shoppers are familiar with.
You've probably seen TJ Maxx stores everywhere, frequently located in strip plazas throughout the suburbs. And there's a good chance your family has dropped some loot in...
Today's trade is in a name that has caught the fancy of aggressive short-sellers. As of the latest update, approximately 25% of the outstanding shares in Chewy Inc $CHWY are held in short positions.
The bull market continues, and the broadening out of participation continues to widen. Today's trade is in a Chemicals company that is beginning to show some relative strength and has two upside targets that could potentially be met, if conditions...
It was remarked during our Analyst meeting this morning that "bullish Wells Fargo" is a phrase that hasn't been uttered within our digital walls in a long, long time.
But we're looking to get more exposure to the banking sector, and $WFC is...
One of the things we like to do repeatedly at All Star Charts is position ourselves in leading stocks in leading sectors. Just writing that out may sound completely obvious to some, but too often I see traders trying to get cute to find the "...
Short-term traders will classify today's trade as a "hard trade."
We're positioning in a stock that has already had a significant run over the past two months. But if we widen out our lens and look at weekly or monthly candles, we'll see that...
Spotify is trading in the spot where we can get paid on follow-thru back toward all-time highs. But we don't necessarily need it to get all the way there for us to earn profits on today's trade.
The speculative juices are returning to the cryptocurrency space, and the bulls are starting to reemerge from the shadows as Bitcoin, Ethereum, Solana, and many of the smaller (MOAR!) speculative names are starting some eye-popping gains....
Today's trade has me thinking of this classic corny joke from Pulp Fiction:
One of the strongest sectors out there right now is banking. Particularly regional banks. And as we head into year-end, the catch-up trade is real and money...