In a recent report to ASC Institutional subscribers, the team laid out a case for strength in the Homebuilding sector as several components are approaching breakout levels from monster bases. Its relative strength vs. the S&P 500 over the past month is evidence that the year-to-date leadership from this group is likely to continue for now.
A sexy name that has been in vogue since the coronavirus pandemic sprang up is showing signs of breaking out again from a high consolidation pattern. And unless you've been hiding under a rock the past 6 months, you've probably used their product.
I'm pretty charged up about another opportunity from the Under The Hood report that is setting up today.
If the markets stabilize soon, this feels like one of the names due for a pop. And thanks to the "Robinhood" options trading speculators, there is plenty of juice in out-of-the-money calls for us to take advantage of to leverage into a good trade.
In a recent Under the Hood piece, we highlighted a software name that is breaking out of a major base and happens to be in the news -- which has the social medias chirping.
Price action today is giving us a good opportunity to get in on a pullback for an opportunistic bet for potentially uncapped gains.
The stock that has caught my attention was mentioned in the most recent All Star Charts monthly conference call and it's setting up in a nice base just above our buy level, with plenty of room to the ASC profit target.
Sometimes, I can't help myself when a good pun presents itself. Especially when I can use it to express my inner geekiness in options trading.
This name should be so obvious, it has "interest" in its name.
I don't trade Chinese stocks often. But when I do, I most definitely define my risks up front. I don't want to be the next person to become "UnLuckin'd", if you know what I mean...
With that in mind, there's a chinese stock that showed up on our recent Under the Hood report that has caught my interest for a tactical play.
Well well well... markets go in both directions. Who knew??
I jest of course, but man it was starting to feel like the market will only go up forever. And naturally, when market participants start feeling that way and then they are suddenly hit with a small dose of reality, those of us caught leaning the wrong way tend to panic.
But the panic always recedes as cooler heads prevail and realize that they may have overreacted. This is the bet I'm willing to make right now with today's trade.
So is this two-day selloff a start of something new? Or is this a gift from the Pullback Gods to get into those longs positions you were FOMO-ing about?
One of the names that stood out for me in the latest Under the Hood report, was unsuspecting. These days I expect the names that are popping up there to be the sexy tech high flyers and/or cheaper low cap speculative names. But a certain name with a pretty popular cheerleader caught my attention.