And Then There Were 3

Yo Pit Crazies, Another Titan has fallen! And that Titan is Netflix Inc (Ticker: NFLX). Of the five FAANG stocks –- Meta Inc (Ticker: FB), Apple Inc. (Ticker: AAPL) Amazon.com (Ticker: AMZN) Netflix Inc (Ticker: NFLX) Alphabet Inc (Ticker: GOOGL) – two are down in the 50% area from the highs in 2021. That drop […]

Bullard Leans In

Yo Pit Crazies,   My Pro and Trading Legion students often tell me they like our classes together because they learn a different approach to trading options.   Let’s call it a “flexible approach.”   That was needed this week.   On Monday, the sentiment was horrible. On Tuesday, two things happened:   A judge […]

The Market Has Lost Its Way

Yo Pit Crazies, My big Easter sojourn south is coming to an end … One thing that isn’t winding down? Market volatility. The VIX can’t get below 20 because stocks are stuck in an orbiting pattern. But you guessed it – there’s a way to trade it. Now it does require traders to understand gamma […]

Happy Easter things will get better!

Yo Pit Crazies,   Look, I get there’s a lot going poorly at the moment on the world stage:   Inflation Shortages Crazy Gas Prices Land War in Europe … Again President Biden: Went from honeymoon to a bad marriage in the blink of an eye   But guess what?   Things will get better! […]

Inflation Without Food and Energy. In What World?

Yo Pit Crazies   Inflation without food and energy was only up .3% month-over-month.   That was less than expected .5% – and about the only good news yesterday.   Yet it was enough to send stocks higher.   Full-year inflation was over 8.5% for a 41-year high.   I don’t know about you … […]

VIX Up, QQQ Down – Now What?

[kc_row use_container=”yes” _id=”618426″][kc_column width=”12/12″ video_mute=”no” _id=”946095″][kc_column_text _id=”207897″] Yo Pit Crazies,   I warned over the weekend that the Invesco QQQ Trust (Ticker: QQQ) was a bit shaky.    It looked like enough to dampen the upside and keep the VIX from going off the rails this week.   Well, I was wrong – sort of. […]