This month, I'm going to start presenting these monthly reviews in a different way. I think what would be far more useful to all of you would be a review of all trades we exited in the previous month, as well as updates on any positions approaching expiration in the current month.
While we had a bunch of exits in February, we don't have any positions remaining on the books with March expirations. Let's get to it...
Ok, it's only Spring Training. But baseball fans mark this week on their calendars as it signals there is light at the end of the winter tunnel.
And with regular season baseball games on the horizon, gamblers with an itch that needs to be scratched after football season ended will be chomping at the bit to get playing again.
No surprise then that the stock market -- which is forward looking -- is offering a setup in line with the coming spring.
Oh wait, not that kind of platinum. We're talking about the metal. The guys on the ASC team are starting to get pretty geeked out about the metals space --- with good reason. Prices. Are. Breaking. Out. Sometimes it's just this simple.
When the world gets back to normal, you have to believe people will be itching to get back on the road and start traveling again. There are a number of industries that will benefit from this, of course.
And one stock from a beaten down sector in 2020 is making new all time highs right now! This is the kind of trade I want to get into.
In lieu of our regular monthly options conference call to kick of February, as promised, here is a recording to the latest Members Only All Star Charts Conference call, hosted by JC Parets.
When semiconductor stocks are making all-time highs, I always pay attention. And when they also appear on the All Star Charts Young Aristocrats scan? Well, pass the gravy. Daddy's ready to eat!
Like many people, we've been geeking on short squeezes lately. There's been so much action in heavily shorted names.
Pity the fools who are shorting stocks that are at or near all-time highs. If they want to try to be Heroes, be my guest. But we're smarter than that. We'll use these hurting shorts as fuel to catapult our trades higher. I recently got into Live Person $LPSN and Rackspace $RXT -- both of which are working. And I'm hungry for more.
And a company with a market cap measured in Trillions (with a capital T), is quietly setting up beautifully with volatility near the lowest levels of the year.
Stocks getting squeezed are all the rage these days, and rightly so. Some of the moves have been epic. The reasons for each squeeze vary from stock to stock, but the price action is hard to ignore.
With that in mind, we've identified some potential short squeezes that also have the benefit of the technicals lining up in our favor. Check out our recent Freshly Squeezed report.
One of the names on the list looks like it's ready to go...