JC recently published a piece highlighting the action in the Financials space:

Today we’re looking at Financials pushing up against their historic 2007 highs for the 3rd time.

The way I learned it was that the more times a level is tested the higher the likelihood that it breaks through. I don’t know if this is going to be it, or if it will take a 4th or a 5th test. But I do think there is a blog post coming soon where we’re looking at Financials at all-time price highs.

Meanwhile, on a total return basis, Financials are already making new all-time highs this week.

Looking at these charts, it is hard not to be enthusiastic about the potential for a major breakout in this sector: [Read more…]

We’re seeing a pretty sexy opportunity set up in the auto space. <— that’s a sentence I never thought I’d write.

Even more sexy is the potential breakout could be from a nearly TWELVE YEAR BASE.  Mizutamari!!

Naturally, we want to go along for the ride. [Read more…]

There are bullish setups all over the place. My friend Aaron couldn’t have said it better:

<—– drowning in setups

— Aaron (@ATMcharts) November 4, 2019

I agree. Lots to play on the upside. That said, lets not get crazy here. We still need to put ourselves in some high probability situations and not bet the farm on any one trade. So let’s take a look at a good opportunity in that vein. [Read more…]

As I do at the end of every month, I scan across my portfolio of open positions and observe any positions which hold options nearing expiration in the upcoming month. Today being October 31, I’m setting my sights on November expiry. [Read more…]

I’ve been noticing some mostly sideways action in the oil & gas space in recent months. And with premiums somewhat elevated in options, delta neutral income strategies become extremely appealing.

Selling premium when options volatility is relatively high is a repeatable edge that plays out in my favor over time. So I like to put myself in position to take advantage of these situations as often as I can — ideally when the underlying is caught in a range and my analysis indicates the range is likely to continue. [Read more…]

I found a stock where earnings have come and gone with little impact upon the overall trend, volatility collapsed (predictably), and now the only question left to ask is: when does the Santa Rally begin? [Read more…]