The Dr. Pepper/Snapple (DPS) chart has looked great all year. Recent volume trends have been strong, which signals institutional sponsorship. The uptrend line is intact, and every pullback has provided a great buying chance (see the %R below). As for relative strength, the trends have been solid with good price action and a “buy the…
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Got a chip and a chair? Then you’re still in the game! The story of Jack ‘Treetop’ Strauss is truly memorable. A towering figure, Strauss was an accomplished poker pro. In 1982, he was playing in the World Series of Poker. It was the third “final table” of his career (he finished second to legend…
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Veteran trader Skip Raschke joined me during this week’s webinar, and he provided a great, long-term perspective on options trading, including his experiences through the years, how things have changed, and how to succeed at it. After a week off, there was a lot of market action to discuss: New all-time highs for the SPX…
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FireEye (FEYE) is a newly issued stock that has been a wild animal on the chart, moving quickly all over the place. After moving strongly toward $95 on a tremendous run, they crashed back down to earth in a calamitous move that put them in the low $30’s, where it sits today. The stock is…
DetailsIt really shouldn’t be difficult to estimate what the Fed will say or do following their 2-day meeting. The results have been clear in the data since the last meeting, when the Fed told you to follow the data as they have done. Production data via the ISM and PMI have shown good solid growth…
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I often find myself repeating this message, and I have found that the more I do, the more it sinks in, so forgive me for repeating myself. The noise is getting louder out there, and it could be quite harmful if you listen to it. Why? Because the future is so uncertain. When we have…
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There is no group that is more disjointed and lacking a strong upward trend than retail. Just when you think the sector is going to fully tank, a Home Depot or Tiffany comes along and shows stellar numbers. When it appears consumer spending may be turning around, we see Abercrombie & Fitch or Guess lay…
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This week’s webinar offered fantastic lessons on volatility from our special guest Ross the Volslinger. He explained that, with a big drop down in volatility, there is less risk perceived in the markets – but news can always be the wildcard – and he offered up the example of Occidental Petroleum (OXY) to illustrate his…
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As you know, Bryan Ashenberg and I are the team behind Real Money’s Trifecta Stocks, and this week, we teamed up on a webinar to share the options trading strategies we use for Trifecta. I covered options selling, covered-call writing, a great strategy for protecting a portfolio, and buying puts as protection for gains. Bryan…
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Under Armour (UA) has been one of the better retail plays in a group that is gasping for air. There are very deep concerns around consumer spending trends, but for those companies with the right combination of quality merchandise, style, pricing and consumer focus, well, things are looking pretty good. Despite its competition, Under Armour…
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