US Stocks have been a bit dicey since yesterday afternoon as we're seeing a lot of high beta names get chopped down. This is never fun if you've been riding trends.
But when markets get turbulent, the strongest stocks and future leaders tend to reveal themselves. And that's what I'm seeing right now in a popular name.
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 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.
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.
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.
When the world gets back to normal, you have to believe people will be itching to get back on the road and start traveling again. There are a number of industries that will benefit from this, of course.
And one stock from a beaten down sector in 2020 is making new all time highs right now! This is the kind of trade I want to get into.
In lieu of our regular monthly options conference call to kick of February, as promised, here is a recording to the latest Members Only All Star Charts Conference call, hosted by JC Parets.
When semiconductor stocks are making all-time highs, I always pay attention. And when they also appear on the All Star Charts Young Aristocrats scan? Well, pass the gravy. Daddy's ready to eat!
And a company with a market cap measured in Trillions (with a capital T), is quietly setting up beautifully with volatility near the lowest levels of the year.