During this week’s webinar, the focus was on the state of the market. Bob started out talking about recent market performance and how this latest swoon may be a game changer. Now that the froth is being removed, this may be a great time to buy – again. In the recording below, you’ll hear Bob…
Details
Earlier this week I talked about a trade opportunity with AutoDesk based on huge option buying volume and overall higher stock turnover. The charts/technicals also portray a solidly bullish condition, and it appears higher prices are ahead. The breakout seen last Friday is notable, and I would certainly like to see some follow-through, but this…
Details
Monster Beverage has been on a rollercoaster ride this year with some pretty negative press – attacks from possible buyout candidates and controversial use of the product. The chart reflects the sentiment of rather nervous investors and rather high implied volatility (understandable, given the circumstances). The technicals show a nice opportunity to get long here,…
DetailsChicken Little is back to tell us that the market is way overvalued and due for a decline. After all, it’s been more than two years since there was a 10% correction in the SPX 500 or Dow Jones Industrials (according to the Stock Traders Almanac). Hedge fund managers are tossing out warnings, analysts are…
Details
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…
DetailsDuring 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,…
DetailsMany 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.