I'll spare you the suspense -- we're getting long Marathon Petroleum $MPC here.
The title of today's post is not a trite pun. We are indeed positioning for a bullish move, but it may take a little bit to develop the way we want it to.
On Monday morning, if you were on twitter or watching the teevee you'd have assumed the stock market was about to get cut in half and the pitchforks were going to be lining up outside the...
One nice thing about recent stock market volatility is that there are some bullish setups we can take advantage of with some clearly defined nearby risk levels, which give us entries with solid reward-to-risk scenarios.
During this morning's internal strategy session with the All Star Charts team, one theme we hit upon was that many of the stocks we want to be long have already had big runs making it irresponsible to get long here, and all the stocks we want to get...
There is always a silver lining to slippery stock markets like the one we experienced over the last couple of weeks: Stocks that are overdue for pullbacks get them -- and sometimes hard. Meanwhile, the stocks where there is strong...
I got all excited when Russell 2000 -- as measured by $IWM -- broke higher out of the 8-9 month range back in early November. To me, that felt like a big sign that stocks on the whole were about to go on a big bullish run into year-end.
JC and I traveled to India together a couple years back to meet with Indian prop and options traders and to lead discussions at a few events. It was an amazing experience to be able to view risk through the eyes of traders that come from very...
We have 2 new Options trades this week as our Thanksgiving Pairing. A Bull Call Spread in Unity Software $U and Bullish Risk Reversal in Cheniere Energy $...
Given an opportunity, JC will gladly talk your ear off about proper wine pairings for your Thanksgiving meals. No matter your flavor or preference, JC can find something that works. After all, he did get his...
This past weekend, I finished reading an illuminating book titled "Empires of Light" (see what I did there?), that dug into the origins of modern electric power as viewed through the lens of...
Wednesdays are becoming my favorite trading day of the week.
What the heck is so special about Wednesday? Well, nothing really. But it's the day when all the All Star Charts analysts converge on a weekly internal zoom call and throw...
Well, once again we saw a little downside action this week and the noise-makers on the twitter and the teevee got all revved up. Cool. Whatever drives clicks, you maniacs.
Meanwhile, those of us who keep our heads about us while others are...