Me and Steve Strazza were kicking around ideas today on the Flow Show. And one solid idea we landed on was $IBM.
Good ‘ole Big Blue looks like it wants to take on a shade of green.
We’re getting involved!
Expert technical analysis of financial markets by JC Parets
Me and Steve Strazza were kicking around ideas today on the Flow Show. And one solid idea we landed on was $IBM.
Good ‘ole Big Blue looks like it wants to take on a shade of green.
We’re getting involved!
The Analysts here are getting all bulled up on Nuclear energy. And for good reason — some good clean charts.
One of the sector leaderss is showing signs of resolving a base that began forming in September after an impressive doubling off the lows set this Spring.
Objects in motion tend to stay in motion (I heard this once in a high school science class).
The stock is cheap and we can leverage into it to really juice our gains with out-of-the-money call options. [Read more…]
Today, a “darling” company in the media thanks to new obesity drugs and other good news hitting the media airwaves is selling off. In fact, its having its worst day relative to its sector peers in many years.
Someone forgot to tell Eli Lilly $LLY that a new bull market run may recently have gotten under way. Of course, it was already way ahead of the game. In fact, look at this long-term chart:
These aren’t usually the trends I like to take the other side of.
But perhaps it’s gone on a little too long and it’s ready to pause and retrace?
This stock could get cut in half and the long-term trend would still be intact.
When we zoom in a little closer, we see a very notable (and sizeable) gap from this summer where the stock jumped from $450 per share to north of $500 per share overnight: [Read more…]
This is definitely a “hard” trade. Hard because it’s already had a tremendous run this month. Hard because it’s in a name that people often don’t associate with big bull runs, in a sector that definitely isn’t sexy.
And maybe we’re early, positioning just about when it’s about to take a pause or retrace to digest recent gains. Maybe.
The only way to find out is to get involved.
The hard trades pay precisely because they are hard. [Read more…]
[12/4/23: updated stop to 100]
Crypto is showing signs of a resurgence. With Bitcoin trading north of $35,000 this week, many of the old bulls are coming out of the woodwork calling for the next crypto run.
Well, if the next run is soon at hand, today’s trade is in a company that is certainly positioned to benefit from any uptick in sh*t coin trading volumes. [Read more…]
The market is speaking. It wants higher prices. The year-end, seasonality-driven rally may be taking hold. Or it may be something else? It doesn’t really matter. We only follow price, and right now prices in certain stocks are pointing us to start taking some directional bets.
Today’s trade is in an industry-disrupting name that has already had an impressive move over the past week that we feel is only the beginning of a much larger drive.
Check out this chart of everyone’s favorite ride-hailing service Uber Technologies $UBER: [Read more…]
Do the hard thing.
Make it hurt.
Then do it again.
If these were the first three lines people read in a book about profitable trading, odds are many wouldn’t make it past the first page.
It’s natural for humans to want to avoid pain, to choose the easy path, and to put in the least amount of work for the maximum amount of output. Business schools call this “efficiency.”
And you can find plenty of examples in the real world where this is good, solid advice.
Trading is not one of those places.
The hard truth is that 80-90% of people who attempt trading in any capacity, frequency, or timeframe eventually end up net losers.
So why would we want to choose to do what the average trader is doing? The average trader is a loser. The stats don’t lie. Don’t make this fact worse by denying it. [Read more…]
What a difference a week makes!
The powerful rally in stocks shows where the “pain trade” is (higher), and now I’m on the hunt for strong, leading stocks that will continue to turn the screws on the bears.
Let’s get after ’em! [Read more…]