Once again this month, I'm going to share info on positions that were closed in the month of March. As a reminder, our exit plans are always laid out ahead of time in each trade idea we publish. In every case, the exits mentioned below were all exited in accordance with the plan as laid out.
The latest 2-to-100 Club Report is out with a handful of actionable names to participate in.
These aren't trades where we expect a face-ripping rally to imminently commence. But we do think there are underlying trends that can propel these names higher over the next 3-6 months.
With that in mind, I've got a trade in November options on deck to play one of my favorites from this report.
The recent pullbacks we've seen in a number of momentum names is offering us some advantageous opportunities to buy into some stocks we like at better prices.
One stock in particular is making a beautiful sound as it attracts my attention.
US Stocks have been a bit dicey since yesterday afternoon as we're seeing a lot of high beta names get chopped down. This is never fun if you've been riding trends.
But when markets get turbulent, the strongest stocks and future leaders tend to reveal themselves. And that's what I'm seeing right now in a popular name.
The latest All Star Charts Monthly Conference Call (subscriber link) is in the books and no doubt JC and the team had to chug a pot (or two) of coffee to get through that blizzard of charts.
Judging by the performance of the publicly traded Starbucks stock, our team are clearly not the only investors who rely on a caffeine boost to perform our best.
Strazza put out a post this weekend about scanning for strength in selloffs. Give it a read. Here's the Cliff's Notes: the recent selloff in tech has been an excellent opportunity for new leadership to reveal itself.
One of the names we like makes computer hardware and we're getting a nice little pullback today to lean in to a trade here.
In the latest RPP Report put out by All Star Charts, the team remains bullish on the continued sector rotation into energy and oil sector names.
While some of these moves are somewhat extended, there is still a lot of ground to reclaim to get back to former highs. Our bet is the big move is still coming...
The Biotech space has seen a lot of price action in both directions over the past several months. As such, there is no surprise that options premiums in that corner of the market have become a bit elevated.
There's a setup I've spotted that offers us a good opportunity to fade these premiums as the sector pauses to digest recent activity.
The latest Under the Hood Report is out, and as always, there are a number of good trade candidates. But the one that most caught my attention is a name that typically isn't on the radar of momentum buyers. When it's threatening new all time highs, we have to consider participating.