3 Reasons I’m Bullish On Black Gold
Hey Traders, Oil prices have been wild during the COVID-19 crisis, but things have been looking up for black gold lately … And I think it’s only higher from here. To start, WTI oil recently climbed back above $60 per barrel — nearly to pre-pandemic “normalcy” … Remember one year ago, when crude futures briefly […]
Trade Numbers Not Noise
Hey Traders, I hope everyone had a pleasant and profitable week! (And if you missed my biggest announcement of the year on Wednesday, check out the replay right here.) There was much ado last week about Fed Chair Jerome Powell’s appearance on “60 Minutes.” The central banker sat down with Scott Pelley last weekend, discussing […]
A Big Ol’ Bullish Bet on Bank Earnings
Hey Traders, It’s officially earnings season! I recently told you how I prefer to play earnings — which is, I don’t much like to play them at all. See, trading earnings is basically a crapshoot … And I prefer to take a more skilled and much less risky approach, while still […]
Reading the Transport Tea Leaves
I hope everyone had a great weekend! I recently discussed a handful of travel stocks that have promise on a wider reopening — ones that could benefit from more Americans getting vaccinated and easing coronavirus restrictions. However, I’m also watching the travel section for another reason … It’s called the Dow Theory. If you haven’t […]
What Does the Masters Have to Do With 4,100?
Yo Pit Crazies, I like our Pro Chat room. There is a steady stream of trade ideas from me, Mark Sebastian and our Pro students, some of whom have been in the room for years. Is every idea a winner? Nope. But there are a lot of great ones that make a […]
A Lesson on Trading from the Starbucks Drive-Thru
Hey Traders, Sometimes I struggle with developing a “lesson plan” for my students — I could wrack my brain for hours and be no further along than when I first sat down to brainstorm. Other times, a lesson plan is dropped into my lap out of the clear, blue sky, quite unexpectedly. This time falls […]
Will VIX confirm good times ahead?
Greetings Pit Crazies, The Cboe Volatility Index (VIX) traded below 18 last week and stopped in its tracks. Why does that matter, you ask? What is in it for me, you say? Didn’t you say last time that you would have a secret today? All will unfold … VIX […]
VVIX Point to Calms Seas — And This Play
The VVIX — also known as the VIX of VIX — settled below 100 for the third day in a row on Tuesday, closing at 99.05. This is the first time it has traded sub-100 for more than a day since the pandemic began. What's more, VVIX has fallen off a cliff in […]
Hedging With a Twist: A Creative Collar Strategy
Collaring XLF … You can see on the chart below that XLF has been slowly grinding higher in 2021, kicking off the year by taking out its pre-pandemic peak in the $30 neighborhood. However, the fund took a breather in mid-March, pulling back from record highs above $35 to test support around $33. The ETF’s […]
Crush Financials: Take your Cue from the Curve
Hey There Income Hunters, Have you ever heard the phrase, “Borrow short and lend long?” It’s the winning formula for banks, especially now as the interest rate curve resembles a double black diamond ski slope … Check out the bad boy below. You really have to sharpen your edges to make it down a slope […]