Welcome to the new market regime, young lads. Many of us, and many more that are way older than me, have seen plenty of bear markets. At our shop, we rely heavily on global markets to give us information about stocks as an asset class, so we're...
The market is a beautiful thing. We have uptrends and we have downtrends. We weigh the evidence regularly to determine which one of these weβre in, or if it's a sideways trend. Our approach to the market has to depend on the market environment we have...
Over the weekend I ran the performance metrics of the Russell 3000's Sectors and Industries to get some perspective on where the leadership is since the S&P 500's high on October 3rd and...
It has been a wild couple of weeks for participants in US equities. Up is down. Black is White. Dogs sleeping with cats. This is what happens when market regimes go through change. The ripples can be seismic.
The big question coming into this wasn't whether or not we wanted to be sellers of stocks, but how low could stocks go? The point I tried to make was that they could go a lot lower than any of us think. I've been around too long and have seen too much...
Disney is another stock that has been on our watch list for a short trade, but has stubbornly held on... until today. We had been waiting for $DIS to close below $113 and on Wednesday our criteria was finally met.
When the stock market is not going up, the blame game gets played. It's a combination of shareholders losing money and media types needing something to say. It's always someone or something's fault and rarely described as a normal occurrence. The...
When the weight of the evidence is pointing in one direction as it has been for most of the last two years, it makes sense to be aggressive and take advantage of the clear trends while they're...
When the weight of the evidence is pointing in one direction as it has been from early 2016 through mid-2018, it makes sense to be aggressive and take advantage of the clear trends while they're intact. However, when conditions change and the evidence...
The new 52-week high list has been pretty scarce as of late, but Verizon's earnings announcement propelled its stock above an important level of resistance to 17-year highs, signaling further...
We don't do a lot of "earnings" plays here at All Star Options. We don't scare away from entering smart trades with defined risk ahead of earnings reports, but only if we feel there's a larger play in the cards.
The thing about the market is that there is no holy grail. No matter how hard you try, you're not going to find it. The holy grail does not exist. We have to weigh the evidence knowing full well that we're working with incomplete information...
This weekend I was down in beautiful San Diego for the 3rd annual Trade Ideas Conference. For me, it's not just about the presentation that I give or the panel that I sit on, but the people that I get to meet or see again. That's the great part about...
So far, this new corrective phase in U.S. stocks is playing out according to script: Deep down moves, interrupted by gravity-defying bounces that suddenly get saddled with lead weights which drag stocks back down with the fishes. Sorry for the...
We have not been in an environment where this was on the table for a long time. For those of you who know me, I think I've proven that I'm not one of these end of the world guys. We can probably...
For our subscribers I've discussed what we need to be seeing in terms of market breadth before stepping in and trading stocks in India on the long side (here,...
Unless you've been on an African safari during the entire month of October, you've probably noticed the dramatic shift in market tone. What has been working for the majority of the year has...
