The next new trade in our Paid-to-Play portfolio is:

Good morning!

We're making an adjustment in the portfolio today.

"MARKETS IN TURMOIL!" -- they said.

But yeah, it certainly feels like it when seemingly every "relief rally" is met with fierce selling.

In our morning analyst meeting today, the team was lamenting the fact that it seems any levels of support that might seem obvious are proving to be nothing more than mirages. Levels are getting taken out everywhere.

This makes it increasingly frustrating to put on any kind of range-bound delta neutral plays. Yes, volatility is high and its very tempting to put Iron Condors or Strangles on here. But if we're looking for instruments that are likely to stay within a certain range, we just don't have any confidence right now in any levels on our screens.

Ok, so how about we bottom-fish for some bounces?

The next new trade in our Paid-to-Play portfolio is:

The next new trade in our Paid-to-Play portfolio is:

Another week and more elevated fears in the marketplace. The Nasdaq QQQ's breached the 300 level intraday today and that's got everyone chirping --- and for good reason.

Of course, the contrarian bird sitting on my shoulder has been uttering the phrase: "the wider the rubber band is stretched, the harder the snap back!"

Now, I'm not going out on a limb and declaring that the bottom for stocks is in and we rally from here. But I do like the odds of a viscous snap back rally materializing at some point this week. And if something like that were to come to pass, I want to be in names that have held up the best in this tape.

Today's trade is one such name.

The next new trade in our Paid-to-Play portfolio is:

The first trade in our Paid-to-Play portfolio is:

In the All Star Charts recent Monthly Charts Strategy Session, JC highlighted a bunch of stocks that have held levels that feel significant.

And since we've seen a lot of damage to bullish charts in recent weeks, the best bets on the board right now appear in stocks that have held up better than the rest.

One mining stock that held up well after hot money ran for the exits is Newmont Corporation $NEM.

It's no secret the oil and energy sectors have been outperforming in 2022.

Of course, when a trend like that is no secret, it tends to become a crowded trade. And we've seen a taste of the ramifications of that in recent weeks. There were some vicious pullbacks in all the biggest winners about two weeks ago.

Fast forward to today, and the smoke has cleared a bit. Many of these names survived the exits of hot money and are now showing signs of resuming their prior uptrends.

At the top of this list right now is Exxon Mobil $XOM.

Hey everybody. We aren't able to put up a video Jam Session this week as the whole team is off-site in Washington, D.C. attending the CMT Annual Symposium.

Need proof? Here's me, JC, Strazza, and friends in front of the White House at midnight last night! :)

But I still want to update you on action in our open trades this week, as it's been a busy one. So here goes: