JPM is Going Lower
Hi Shoppers, Look at what I am seeing in the JPMorgan Chase (Ticker: JPM) stock chart: A bearish engulfing pattern happens at the top of an uptrend when a red (black) candle engulfs the whole real body of the previous green (white) candle. I believe JPM will trade lower and it will happen in the […]
Reefer Madness!
Hi Shoppers, My teenage self would never have imagined there would be pot stores all over the place. Sure, there was marijuana floating around my high school — and it was readily available. But not that many kids were into it. Those who did smoke were considered potheads and the general consensus was that they […]
Let’s Learn Something New
Hey Shoppers, You have all seen me use my three favorite candlesticks: the doji, the hammer and the hanging man. They are great at signaling changes in stock trends. Now I would like to introduce a new candlestick formation to our repertoire. It is called an engulfing pattern and it […]
Warp Speed Into the Future (If We Have the Chips)
Hi Shoppers, I’m amazed every day at how different my son’s world is than mine was at that age Yes, I sound like the old person who says, “I remember when …” But I don’t care! (And, for the record, I don’t consider myself old.) Because I’m not just talking […]
Option Pit Gold
Hey There Shoppers, I sure hope you are all reading Option Pit CEO Mark Sebastian’s free newsletter VIX Edge. It comes out daily and keeps you in tune with the relationship between volatility and the market and what each is signaling. If you read Thursday’s edition and followed his recommendation in SPDR […]
I Just Did A Spit Take
Hi Shoppers, Everyone and their mother is moving to Florida, it seems. (Heck, even Option Pit Head Income Trader Bill Griffo decamped for Tampa last year — and he is looking VERY relaxed on Zoom calls these days.) My husband, Scott, and I have been eyeing Florida real estate for a few […]
The Nanny State Strikes Again
Hi Shoppers, I find it amazing that there are so many things for me to complain about these days … More and more often I find myself at odds with what’s going on in the world. It’s probably just the hard-won wisdom I’ve accrued through the years really paying off. Anyway, my […]
Trading Lessons Learned — Again
Hi Shoppers, Wow, what a week for my trading And not in a good way! Peloton (Ticker: PTON) took a dive on Thursday — and I fell into an all-too-common trap for traders: I kept looking for reasons and making excuses to stay in my position. For instance, I thought to myself … “The stock […]
Living to 120
Hi Shoppers, Guilty as charged .. Yes, I am one of those people. Guilty of having a Peloton bike and not using it as much as I should. At least I’m not guilty of having clothes piled on it.! (However, I do have a trade idea on it that I’ll get to in a […]
No Coke, Pepsi!
Hi Shoppers, “No Coke, Pepsi!” Remember that? If you’re older, you probably do. It’s a classic from Saturday Night Live, when it was really funny. (And it’s relevant to my trade idea, but more on that in a minute.) “Cheeseburger, cheeseburger!” John Belushi would bellow. Every member of that original cast was a phenomenal comic […]