Your (Belated) Free Gift
Hi Shoppers, I am so very sorry I missed everyone at Thursday’s big event! From all I’ve heard, it was a huge success. I caught some kind of bug that has held me down, so I am going for the Covid test today to find out … But I didn’t even stay out past 11 […]
Too Much Pop
Hey there Shoppers, What are you up to on Thursday? I’ll tell you! You will be joining all of us here at Option Pit for our first ever Round Robin! ALL of our pros will be here, along with special guest, Greg Magadini, an expert on crypto land. Here’s the schedule: And there’s no […]
Spring Has Sprung for Retail
Hey Shoppers, Have you been to the mall lately? WOW! Be careful because it is mobbed. People are out and about — finally!! I’ve scoured the retail stocks and the one I like is Target (Ticker: TGT). Target had a huge move –almost 4.5% — on Friday, trading up $7.94, from $179.61 to closing near […]
French Fries and Foie Gras
Hey there Shoppers, I am making myself hungry for french fries looking at the McDonald’s stock chart. The candlesticks are forming a reversal. And it looks to me like McDonald’s (Ticker: MCD) is due for a pullback: After trading up from a low of $202.73 on March 4, MCD shot […]
Taking Shots for St. Paddy’s Day Green
Hi Shoppers, With the Federal Open Market Committee (FOMC) meeting this afternoon, I think there is a high probability that the market could have some good moves today. Looking at the E-mini S&P 500 Futures (Ticker: ES) chart, I think we could have a pull back. The S&P 500 has marched straight up every day […]
Another Shot at AMD
Hi Shoppers, Trading depends SO much on timing. You may have a great trade idea, but if the timing is off then then you have to move on … But that doesn’t mean you can’t circle back My last trade idea in Advanced Micro Devices (Ticker: AMD) didn’t pan out because confirmation in […]
Lessons from the (not-so-distant) past
Hi Shoppers, It isn’t an easy topic to talk about … Yet it’s what we should be doing: talking about it. Instead, today we (waves hand at society) immediately “cancel” anything that doesn’t seem quite right. If we destroy the past, how can we expect to learn anything from the future? Don’t we run the […]
Spring Is in the Air
Hey Shoppers, I’m sure Chicagoans aren’t the only ones chomping at the bit to get out and get away. There is SO MUCH pent up demand from all over the country among those who have abided by the Covid lockdown rules. As we see cities open up, people are going to want to get the […]
Do You See What I See?
Hi Shoppers, I’m kicking off the week talking about the chip shortage crisis — again. Sorry, but I think it is very important. You see, chip manufacturing is a very particular undertaking. Suppliers can’t just find any old warehouse or factory and start spitting these things out. The chips are made in special facilities called […]
Pass the Chips
Hey Shoppers, Well, I was wrong. But that’s OK — because I have discipline and I cut my losses when I was supposed to … I’ll explain in a minute. Here’s what to know, though … If you find yourself just hoping and praying for a position to go your way, you should not be […]