The trade today is in a company that actually makes money, minting coins. You know, the coins you drop in the pinball machine.
So, no matter how you think about it, the fundamentalists cannot say that this company does not make money. It always makes money.
Fun and word games aside, we've got a trade that has signaled the next big move and today's trading action is offering us a nice pullback in which to get involved at better prices.
The Analysts here at All Star Charts were discussing Natural Gas in a recent analyst meeting, and the feeling is that 'ol Natty might be putting in a bottom and ready to reverse higher.
It's certainly got me in the mood to 'F around and find out.'
With yesterday's market action firing, potentially, another warning shot that Q4 trading will be challenging, I'm on the hunt for opportunities that may be a bit more uncorrelated to the risk I currently have on the books.
One such opportunity is presenting itself in the bond market and we're going to position ourselves to win both in the short-term or the longer-term.
This morning, the team was discussing a notable Board of Directors insider making a sizeable $5 million purchase of stock.
While an insider's buy isn't necessarily grounds for me to get interested in getting involved, it did catch our attention and after looking at the chart and the sector, it looks like a trade we'd like to get into--carefully.
In today's Flow Show, Steve Strazza and I assess the current market environment, post- whatever the hell we're calling what happened a couple weeks ago (Volmageddon 2?, Yen YoYo? The Carry Drop?).
It feels more and more like that was merely a footnote to an otherwise pretty robust bull market. We'll see.
Regardless, we're looking for bullish setups in this tape and an online retailer out of South Korea has our attention.
Feels fitting to position ourselves in a company that is known for going fast. Because if this bull market is about to resume its normal operation, then this company is likely going to lead us higher, quickly.
When the storm is upon us, it's too late to purchase hurricane insurance. Nobody will sell it to you. Of if they will, the prices will be obscene.
Last Monday, when the VIX printed a 65 -- it was too late to buy downside protection. If you did, you were asking for your face to be ripped off. And it likely was.
Now that the dust has settled a bit, volatility has abated significantly, and the relative winners and loses sorted themselves out, we're seeing some good setups to position ourselves for any additional downside action.
Additionally, it offers me a good chance to balance out some of the risks I still have on the books in my long positions.
It's fashionable in certain circles to talk about having a Canadian escape plan if shit gets too weird here in the United States.
I'm not one of those. Though I love Canada, having grown up across the border in Buffalo, NY.
There were many times in my younger days, while spending a day across the border, where I'd find myself short on cash and I'd have to hit an ATM to get some loonies! And most often, those ATMs were run by CIBC.
So maybe I should attempt to earn back some of those ATM fees (plus interest!).