From the Desk of Kimmy Sokoloff

Hello March!

With the futures being up this morning, it's like yesterday's close didn't happen.

We must stay on our toes.

These are the registration details for our Live Monthly Candlestick Strategy Session for Premium Members of All Star Charts.

This month’s Video Conference Call will be held on Monday March 6th @ 6PM ET. As always, if you cannot make the call live, the video and slides will be archived and published here along with every other live call since 2015.

Here are the details for Monday evening:

From the Desk of Kimmy Sokoloff

The market was all over the place today.

And they pushed it lower the last hour of trading.

I F*d up.

And when I do, I usually suffer the consequences – almost without exception.

But today is one of those exceptions. Thankfully.

Recently, in an effort to fade the rising volatility in the options market arising from the 3-4 week pullback from recent stock market highs, I sold naked puts in a large cap stock – Occidental Petroleum $OXY.

I like the name for a number of reasons, the most prominent being that Warren Buffett (Berkshire Hathaway) has been acquiring large blocks of stock just below current levels. This is support.

So when the broader markets were continuing their slide a couple of weeks ago, I felt $OXY was a high probability bet to hold these levels until the mini-market panic cooled off, and selling premium via $OXY puts seemed like an...

From the desk of Willie Delwiche.

Dynamic Portfolio Update: This year's rally has so far failed to turn long-term trends higher and is starting to look ragged. As we see how this period of digestion plays out, we are reducing the equity exposure in our Tactical Opportunity Portfolio.

From the desk of Willie Delwiche.

Moving into commodities when they are trending higher versus stocks increases return and lowers risk relative to otherwise static equity exposure. Commodities may not always earn a spot in our portfolios, but we do well to remember to include them in the asset allocation conversation. 

Why It Matters: Commodities can go nowhere for years on an absolute and relative basis. 90% of the time from 2012 through 2020, the CRB index was in a downtrend relative to the S&P 500. During that time period commodities got the reduced portfolio exposure that they deserved. In many cases they got dropped from the conversation all together. Commodity leadership of the last couple of years revealed that to be short-sighted. With commodities cooling off and stocks again getting the upper hand on a relative basis, we can reduce our exposure, but let’s not exclude them from the conversation. As long as an asset has a seat at the table, we can choose to minimize our exposure to it. But...

We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

People, you know how much we talk about relative strength in these parts.

No matter the attention we give it, we always underestimate its efficacy in financial markets. We talked all about this last week.

When it comes to leadership in this market, it's impossible to ignore Lido DAO $LDO.

We had a resting GTC order filled at our profit target in the Paid-to-Play portfolio today:

We've adjusted a position in the Paid-to-Play portfolio today:

From the Desk of Kimmy Sokoloff

February, I won't be sad to see you go!

It's been a very choppy month, and, as of now, we look to close lower overall for the past 28 days.

The largest insider buy on today’s list comes in a Form 4 filing by Kelcy Warren, co-founder and executive chairman of Energy Transfer $ET.

Warren reported an additional purchase, this one worth $21.6 million.