This is the video recording of the February 2022 Mid-month Conference Call.
Will Copper Follow?
From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley
Despite the trendless nature of the major forex pairs, there’s still plenty of information coming from the exotics right now – particularly emerging market currencies.
The Chilean peso – and its relationship to copper – now has our attention.
Let’s take a look.
Let’s Talk Taxes
No, it’s not April 15th just yet. But I’m getting into that zone where I need to start sending relevant info to my accountant to get the ball rolling for my 2021 tax return.
I hate that I have to farm out my tax return preparation to a professional in order to get them done. I wish the US tax code wasn’t the way it was – who doesn’t?
But let me relate a little story to you that might get your mind right about whether or not to go it alone when doing your taxes…
I don’t remember the year, but it was somewhere around 2003-2004 when I first moved to Chicago. I had been using an accounting firm to prepare my tax returns since I began trading in 1998. But this year, I thought to myself:
“Sean, you’re smart. You’re college-educated. You almost minored in accounting, and you had straight A’s in all your accounting classes. You should be able to handle the filing of your own taxes!”
So I don’t remember if it was out of an act of curiosity, boredom, or just trying to pinch a penny, but I decided that year I’d prepare my own taxes.
I read all the official instruction manuals provided by the IRS. I gathered all my necessary trading documents. And I followed every procedure to a T. I left no i’s undotted, no t’s uncrossed.
After all the work was completed I had determined that I owed the IRS somewhere in the neighborhood of $4,000. Never happy about owing the IRS money, I nonetheless accepted it. It felt right. It felt fair. And I was prepared to send the return and my money off.
But before licking the stamps, on a lark, I decided maybe I should have an accountant ALSO prepare my taxes to compare notes. Let’s see how well I did? [Read more…]
The Trade of a Generation
We’re Hiring: NFT Portfolio Trading, Helium Mining & Web3.0 Project Manager
I was in a meeting a couple of weeks ago where I was going over the geographic locations of all the members of our team. These places include California, Florida, Colorado, Venezuela, Canada, Australia, New Zealand, Mumbai, Delhi, South Africa and the list goes on….
The gentleman asked me how I was able to find all these people.
When I told him I just sent out a tweet whenever I needed to add someone, he almost fell out of his chair.
For me this is just common sense. Others are still coming around to the power of social.
We are a team of almost 30 people now.
And we’re looking to add another one, if you or someone you know is interested. [Read more…]
Under the Hood (02-21-2022)
From the desk of Steve Strazza @Sstrazza.
Welcome back to our latest Under the Hood column, where we’ll cover all the action for the week ended February 18, 2022. This report is published biweekly and rotated with our Minor Leaguers column.
What we do here is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.
We use a variety of sources to generate the list of most popular names.
There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: a list of stocks that are seeing an unusual increase in investor interest.
Watch this video for a behind-the-scenes look at our process.
Whether we’re measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers, there’s a lot of overlap.
Follow the Flow (02-21-2022)
From the desk of Steve Strazza @sstrazza
This is one of our favorite bottom-up scans: Follow the Flow. In this note, we simply create a universe of stocks that experienced the most unusual options activity — either bullish or bearish, but not both.
We utilize options experts, both internally and through our partnership with The TradeXchange. Then, we dig through the level 2 details and do all the work upfront for our clients.
Our goal is to isolate only those options market splashes that represent levered and high-conviction, directional bets.
We also weed out hedging activity and ensure there are no offsetting trades that either neutralize or cap the risk on these unusual options trades.
What remains is a list of stocks that large financial institutions are putting big money behind.
And they’re doing so for one reason only: because they think the stock is about to move in their direction and make them a pretty penny.
Then we flip through our list of stocks flashing unusual activity and pick the best setups using many of the same technical filters we do for our other scans.
And, just like that, we’ll follow the money flow and fatten our own pockets along with some of the world’s most powerful financial institutions.
Investing: Earth > America
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