In today’s Daily Digest, we’ll review:
- New position in XRT today.
- No adjustments are needed today.
- Exited XLV at profit target.
- Current status of open campaigns.
Let’s dig in! [Read more…]
Expert technical analysis of financial markets by JC Parets
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
We’re getting into Squeeze Season.
The stock market (as measured by the indexes) continues to trek higher, speculative fervor keeps building (as measured by what’s happening in crypto), and these forces are combining to make it a dangerous environment to be caught short in.
And if you’re short a name that already has a high short interest? Look out!
So naturally, today’s trade is a play on punishing the stubborn shorts in a particular stock that look like they are on the verge of getting epically squeezed.
In today’s Flow Show on Stock Market TV, me and Strazza get into why we love buying short-dated calls in Carvana $CVNA:
And here’s the chart that we are leaning into:
Here’s the Play: [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
Today’s trade comes in a wholesale distributor of industrial and construction supplies. Sexy, right?
Ok, maybe not. But the fact that the stock has been in a steady uptrend since November, is making new all-time highs, and has a “hundred-dolla-roll” in its sight certainly makes it very attractive to me. [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
The majority of my current open positions are long-biased. If the market continues to rise, I expect many of these positions to keep working for me.
My few short-delta positions are on the verge of stopping me out for a loss. They were put on as portfolio hedges against all my long exposure. So in a way, I’m happy they haven’t worked out.
That’s the thing about hedges. I don’t really want them to work. Because that means the positions I really want to work likely just got whacked.
Ok, so my hedges aren’t making me money and my long positions are. What else can I do to lock in gains and minimize the potential for giving back a lot of open profits? [Read more…]
In today’s Daily Digest, we’ll review:
Let’s dig in! [Read more…]
Today’s trade is in a name that doesn’t need Wall Street.
They crush their little corner of the world, operating in the midwest. They do not need to raise money or any exotic financing. Because of this, the company is completely off Wall Street’s radar. This means very few (if any?) analysts cover it. Nobody is publishing research reports on it. Essentially, there just isn’t anyone talking about it.
Around here, we call these “Eddy Elfenbein stocks.” Stocks that are steady dividend payers, operating excellently in obscurity, providing a product or service that so many people use that they don’t even realize they are using it. [Read more…]