With the increase in market volatility, we find ourselves reaching for and needing more certainty. Is our approach correct? Do we need to make adjustments? Is there better information out there? This last question can lead us to listening to anyone with a viewpoint, and as the number of opinions and rhetoric rise, the more…
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We certainly had a lot to talk about during this week’s webinar! I covered the state of markets and why I switched my strategy to buy some call plays (TSLA, AAPL, GOOGL, TWTR). In short, it’s been a wild ride lately, and I think we may have to buckle up soon. Then I introduced my…
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The poster child for the recent IPO binge, over-valued names and hot momentum is certainly Twitter. The run Twitter had in December from 40 up to 70 was legendary; the cascade from the selling that has occurred since earnings has also been impressive. But as we see from the chart below, the recent low matches…
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To paraphrase Robert Duvall in Apocalypse Now, “I love the smell of burning premium in the morning!” That burning premium is a seller’s delight, and when it comes to decay, there is nothing I love more than taking advantage of a holiday. As you know, markets will be closed on April 18 for Good Friday,…
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This week’s webinar couldn’t have come at a better time; with the markets sharply down, there were lots of questions floating around. I started the webinar out with a discussion of the the vicious downturn we are experiencing. Make no mistake: This is a very tough downturn on big turnover. While there will be snapbacks,…
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Last week, Anadarko Petroleum (APC) was pumping after a court settlement was announced last week on the Tronox case. Anadarko’s fine was significantly less than most people expected, and the stock responded in a big way, surging about 17% higher on heavy turnover. The enthusiasm followed through on Friday as the market was getting slammed,…
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During this past week – and some of the weeks prior – we saw a lot of selling that just clobbered many high beta names – the same names that were huge winners in 2013. It seems that rotation is now on even though the indices continue to flirt with new all-time highs. Some indices…
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If there’s one sector that has been strong, it’s the airlines, which have been solid and trending higher for months. No one has been better than Delta (DAL), which notched another new high today on pretty strong turnover. The chart looks like a classic “buy the dip,” with the stock trading in a nice upward…
DetailsDuring these first three months of the year, the markets have been dealing with uncertainty. This has translated into selloffs from much higher levels, but these selloffs have not been your normal, garden variety pullbacks. You know those, right? They occur when a drop frightens everyone into submission and dip buyers jump in to pick…
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Gas and exploration companies have had a nice resurgence in 2014, and Newfield is one of them. Its recent breakout to 29 has this one poised to launch even higher, at least to the previous highs (which are marked on the chart below). Momentum indicators are strong, and we can see the very bullish and…
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