It's summertime and where I live in Colorado, everyone is planning camping and RV trips up in the mountains. There's something about fresh mountain air, cool crisp evenings, and enjoying a beverage next to a roaring campfire.

You would think that this would be bullish for companies that are in the business of supplying the gear for entrepid campers and roadtrippers.

Well, we only follow price and the chart action in one camping name is potentially telling a different story.

Seems there has been a lot of talk about the stock market "pausing" or being "due for a correction."

While I see the same things the bears are seeing, I'm also seeing price action in a variety of corners of the market still telling a bullish story. And as we like to say around here: "Only Price Pays" (h/t @alphatrends).

We're also seeing bullish options flow from several "motivated" and "aggressive" traders in a variety of names. Case in point: a software storage name in our most recent Follow the Flow report caught my attention.

I feel like I say this every time I put a bearish trade on these days: My bearish muscles feel out of shape!

But the ASC team put out a bearish piece on transportation stocks last week and one of the airlines, in particular, has a setup that is uniquely interesting to me.

So it's time to put in our bearish reps to rebuild these muscles!

We've been talking a lot about crypto markets lately.

In fact, we just launched a new column exclusively for this emerging asset class.

As JC mentioned this morning, we've found quite the winning formula in selfishly pursuing projects and creating content that WE like. Fortunately, it usually turns out that our readers and clients think what we do is cool and valuable too.

Just like our new Saturday Morning Chartoons, everything we're doing with crypto lately is another great example of this self-serving strategy of ours.

Along those lines, we just created a custom index for cryptocurrency that we think is pretty damn neat. It also got us thinking about something...

The team at All Star Charts has started putting out a new report called "Follow the Flow." The goal of this report is to "create a universe of stocks that experienced the most unusual options activity – either bullish or bearish… but NOT both."

The unusual activity we're witnessing in these stocks is not necessarily "smart" money, but "aggressive" or "motivated" money. This is a useful signal.

With this in mind, one of the names mentioned in the most recent report caught my eye for a shorter duration bullish options bet.

Once again this month, I'm going to share info on positions that were closed in the month of May. 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.

We're continuing to see strength and leadership in the semiconductor space. And a name the All Star Charts teams has been high on for some time has recently begun to break out from a new consolidation. Being that the stock is also making all-time highs -- you know situations like this get me excited.

So heading into a long Memorial Day Weekend, we're putting one more position on the books to round out our month.

JC put out a post recently discussing the weakness in small-cap stocks. He makes a pretty compelling case for why they could be leaders in a big way on the downside if the stock market rolls over here. But of course, as we've seen time and again in recent years, so many breakdowns have proven to be false and the whipsaw back to new highs has been violent.

Here's what he laid out for $IWM that has my attention:

Strength in energy and metals continues.

The ASC team had a post out last week highlighting some bullish developments here, and the strength continues in early trading this week. And one stock, in particular, is threatening new all-time highs coupled with declining options prices --- my favorite kind of setup.

I'll be honest with you. I've been on cruises before. I don't think I have a need to ever do them again. I mean, the time spent "in port" was where the real fun for me was. Time trapped on the boat? Meh.

But, I know many people disagree with me and LOVE going on cruises.

I'm fine with that. Especially if it gives me an opportunity to make some money. And we've got one such opportunity on board!

We recently had on a counter-trend trade in gold that worked out (we took off the trade at our profit target this week), and we're starting to see a similar rationale and setup in bonds.

I'm going to let Steve Strazza do most of the talking here because he had an excellent riff on this in the latest R.P.P. Report:

Ok, I've changed my mind.

A few of my readers have pinged me privately drawing my attention to an Oil & Gas sector name that could possible make for a good "catch up" trade in the space. I generally would rather play in the leaders, rather than hope for the laggards to catch up, but I've been observing the price action from a safe distance after the ASC team put out a bullish idea in this name during their Monthly Charts Strategy Session a couple weeks back.

I like the way it put in a hard reversal last week and it's giving me some comfort to get in now with calls options priced pretty affordably.