Dec. 11 Chart of the Day – IBB

In 2008, I recommended my most profitable trade ever… I recommended a buy on the iShares NASDAQ Biotechnology Index (IBB) at $80 a share. Today, almost seven years later, that trade sits atop $313. Not too shabby… It was also the easiest trade I have ever issued. All...

Exiting SLV, Janus, LEN, WMT

There’s good news and bad news. The bad news is we need to close out the SLV December 18 call, as well as the second half of the Janus December 15 put. The first half of the Janus put was closed with gains of 28%. These should have worked out much better than they...

Dec. 9 Chart of the Day – WMT

Chart of the Day: Wal-Mart Over-Extends Other than the overall market, one of the most ridiculously overbought stocks is Wal-Mart (WMT). MACD is topping out and reversing. RSI is in the process of pulling back from nosebleed territory. And money has been flowing out...

Dec. 4 Chart of the Day – AAL

The airline bulls are out… But they may soon get burned atop such lofty heights. They’re getting much too greedy. “Be fearful when others are greedy,” as we’ve learned from Warren Buffett. Sure, oil is plunging to depths not seen for years, but it’s getting much too...

Buying To Open AAL May 2015 Put

After a steady win streak, we do hold some losses. But we’re continuing to hold them all. As we wait for them to pan out, as they should, we do want to add a long-term trade on airline downside. The biggest reason airlines stocks – like United Continental (UAL) and...