As Steve Strazza was putting together the latest “2-to-100” report, he and I were chatting about his latest great stock idea. He is pretty excited about this one, and who am I to not join him?
Let’s get right to it. [Read more…]
Expert technical analysis of financial markets by JC Parets
As Steve Strazza was putting together the latest “2-to-100” report, he and I were chatting about his latest great stock idea. He is pretty excited about this one, and who am I to not join him?
Let’s get right to it. [Read more…]
The latest Under the Hood report is out, and as always, plenty of great ideas for me to sink my teeth into.
This week’s report revealed a software name emerging from a pretty impressive base which has some pretty significant upside targets in it’s sights. [Read more…]
As December gets under way, it’s time to review positions with December options that remain open (haven’t already hit profit targets or been stopped out).
Most trades I put on for All Star Options tend to have a minimum duration of 30 days (short premium plays) and often as long as 6-8 months (for long premium plays). As options approach expiration, greeks like theta and gamma start to become my enemy and whipsaw my P/L. Therefore, as options and spreads get into the expiration month, my best practice is to put each position on notice — it’s time to take action.
As it turns out, we only did five trades in total with December options. Currently, we only have two open positions with December options remaining on the books, and only one of them requires any action. The rest have already hit our profit targets or stop loss levels. In the scoreboard below I denote the date we exited each position.
Here’s the scoreboard: [Read more…]
We’ve been keeping tabs on a stock that we traded successfully earlier this fall. The stock hit our price objective, our spread hit our profit target, and we moved on.
Lo and behold, the stock consolidated around that last price target as we expected, and now after about a month of working through the weak hands, it appears Snap Inc $SNAP is ready to make another run. [Read more…]
Here’s another idea from the semiconductor space. And why not? Semis are leading the way right now.
There’s nothing wrong with playing “follow-the-leaders” in the investing world. We’d rather ride the wave than fight the current. [Read more…]
The race for a cure is on!
Interest in stocks with direct and indirect exposure to the “vaccine trade” is through the roof. And with this interest comes some wild price action in both directions.
Today’s play is in one of those names, but we like it more for its chart action than anything else. (It’s kinda what we do here) 😉 [Read more…]
No, not those semis! Semiconductors!
We’re seeing more and more long-term breakouts from monster bases and increasing relative strength across the entire sector.
Case in point, here’s a chart of KLA Corp $KLAC: [Read more…]
I own a 2015 model vehicle and I plan on driving this car until it crawls. I’m not interested in being in the rat-race of always having the sexy latest model car with the equally unsexy monthly car payments. Been there, done that. No longer interests me. I’d rather just keep my current ride on the road as long as I can.
It appears I’m not alone in this as companies that sell spare car parts are seeing their stocks perform very well. [Read more…]