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June 7, 2021
Growth & Balance
Yo Pit Crazies Since I made the transition to retail trading a number of years ago, I have heard the term “income trade” like it is some gift to sell a spread and get the money. During 15 years of floor trading, I never heard that since no one came in and priced…
June 7, 2021
Headed For A Double-Top? Maybe Not…
The Option Pit VIX Light Is Red, And Volatility Is Likely To Drop. Hey Traders, Last week we saw the S&P 500 (Ticker: SPX) make a run at new all time highs, just barely missing a new all time high close by about two points… The last time that happened, the market took a dive…
June 7, 2021
These Travel Stocks Could Be Taking A Trip Higher
Hey Traders, Like I talked about last week, travel stocks are looking like they may be one of the last remaining places to pick up some “reopening” upside. As things start to go back to “normal,” people are ready to get the heck out of the house, and start moving around freely again. Last week…
June 7, 2021
Raging Bull (Flag)
Hi Shoppers, Let’s roll right into it on a Monday! Rocket Companies (Ticker: RKT) is bull flagging: A bull flag occurs after a runup, the stock takes a breather and is gathering strength to make the next push higher. I think RKT can trade back to the $22-$23 area. I like buying the June 18…
June 7, 2021
Archegos Failure Is a Preview of What’s to Come
Hey There Income Hunters, Here’s your first big thought for the week … We need to use the Archegos failure — remember that? — as a warning of what’s to come. Why? Because today I’ll reveal a developing crisis in the gold derivatives markets that may only be months, or even…