Unlike Jerry Maguire who said SHOW ME THE MONEY, one of the tenets of trading that I believe in is ‘follow the money’. Simply put, the big money makes up 80% or so of the action everyday, so I want to go where the money is flowing. Nobody is going to pick up the phone…Details
During this week’s webinar, Bob touched on a topic that is incredibly important for all traders, options or otherwise: position sizing. In addition to sharing valuable tips on that subject, he discussed the charts and technicals as usual, pointed out where we could see some more activity, and ended the session with some Q&A. Watch…Details
In the case of US Steel, X sports a nice breakout on the chart due to some very heavy turnover. The strong move on Tuesday shows the power of technicals. The stock had been overbought severely, and that condition has not changed. The best trends show strength and momentum that persists for a long time,…Details
Many traders who post a loss often feel like a complete loser. After all, the future is uncertain – will you ever post another winner again? That is a rhetorical question, of course, but if you plan well, do your due diligence, study, focus, and make your bets accordingly, the odds are good for you.…Details
During this week’s webinar, I was pleased to welcome legendary options trader Skip Raschke to our chat. Skip has been around a long time, and he shared some great stories about how he started and how he managed to thrive over time. He also talked about his particular style of trading that uses spreads and…Details
We recently saw CHK jump out of a consolidation/base and move higher on good turnover. This chart has the makings of higher prices on the near-term horizon. I particularly like the technicals here: The setup is strong, and there is a bull re-test at hand for the momentum indicators. This presents a low-risk entry point.
Timing: As hard as we try, we don’t always get it right. This is especially true with trading, and I can tell you from personal experience that the frustration mounts if I make a good call but the timing is off. However, that frustration can be reversed by using time to my advantage. There are…Details
During this week’s webinar, Ryan Detrick, a brilliant strategist from Schaeffer’s Research, talked about current market conditions and offered some great statistics about markets and the current structure. Bob also talked about the market’s new highs, some recent plays, and the VIX and volatility. Check out the replay below!Details
In this special edition webinar, top fundamental analyst Bryan Ashenberg joined Bob Lang to discuss the Trifecta Stock Service, a phenomenal new service offering from TheStreet. In the replay below, you’ll hear more details about Trifecta, including how the three different filtering methods work together to choose the top 1% of stocks that are truly…Details
Solar City has been on FIRE lately, and Wednesday it broke out on some really strong volume. This stock has been on my radar since last week, and today was the day to jump on it. As you’ll see below, the technical picture is solid and momentum indicators are flashing bullish signals.