The latest All Star Charts Monthly Conference Call (subscriber link) is in the books and no doubt JC and the team had to chug a pot (or two) of coffee to get through that blizzard of charts.
Judging by the performance of the publicly traded Starbucks stock, our team are clearly not the only investors who rely on a caffeine boost to perform our best.
Strazza put out a post this weekend about scanning for strength in selloffs. Give it a read. Here's the Cliff's Notes: the recent selloff in tech has been an excellent opportunity for new leadership to reveal itself.
One of the names we like makes computer hardware and we're getting a nice little pullback today to lean in to a trade here.
In the latest RPP Report put out by All Star Charts, the team remains bullish on the continued sector rotation into energy and oil sector names.
While some of these moves are somewhat extended, there is still a lot of ground to reclaim to get back to former highs. Our bet is the big move is still coming...
The Biotech space has seen a lot of price action in both directions over the past several months. As such, there is no surprise that options premiums in that corner of the market have become a bit elevated.
There's a setup I've spotted that offers us a good opportunity to fade these premiums as the sector pauses to digest recent activity.
The latest Under the Hood Report is out, and as always, there are a number of good trade candidates. But the one that most caught my attention is a name that typically isn't on the radar of momentum buyers. When it's threatening new all time highs, we have to consider participating.
ASC Analyst Steve Strazza recently published a bullish piece on the Gold Miners $GDX ETF. I liked the idea so much that I'm going to jump into an options trade that will capture the meat from the move if it plays out as expected.
JC and I recorded a review session where we went over select options trades that were exited last month as well as some thoughts on the current market and some lessons within.
This month, I'm going to start presenting these monthly reviews in a different way. I think what would be far more useful to all of you would be a review of all trades we exited in the previous month, as well as updates on any positions approaching expiration in the current month.
While we had a bunch of exits in February, we don't have any positions remaining on the books with March expirations. Let's get to it...
Ok, it's only Spring Training. But baseball fans mark this week on their calendars as it signals there is light at the end of the winter tunnel.
And with regular season baseball games on the horizon, gamblers with an itch that needs to be scratched after football season ended will be chomping at the bit to get playing again.
No surprise then that the stock market -- which is forward looking -- is offering a setup in line with the coming spring.
Oh wait, not that kind of platinum. We're talking about the metal. The guys on the ASC team are starting to get pretty geeked out about the metals space --- with good reason. Prices. Are. Breaking. Out. Sometimes it's just this simple.