As a short term, directional options trader I definitely have a list of favorite names to trade. These include: Beyond Meat (BYND) Zoom (ZM) Chewy (CHWY) Wingstop (WING) They get a bad rap with long term investors because they’ve rallied so hard and are so hyped up. However for me, they’re my bread and butter … Read more
The spring home-buying season took a bit of a hit, which is an outcome that some of us could’ve expected. Why? Because sellers didn’t want potentially COVID-19 positive people in their homes during a worldwide pandemic. It makes sense, I’d feel the same way. However, we’re at a point now where parts of the country … Read more
One of my favorite moves at market open is looking for honey badgers. What’s a honey badger? It’s a stock that defies the relative strength of the market because they’re benefiting from this world-wide pandemic, which makes them explosion candidates going into earnings. When I have my eye on one in particular, I’ll first wait … Read more
There’s no doubt there are sectors in the market that’ve been hit harder than others during this pandemic, but for me, cruise lines are the ones who’ve been hit the hardest, even worse than airlines. Why? For starters, they’re basically floating Petri dishes making consumers unwilling to entertain the idea of vacationing on one of … Read more
Lately, my primary trading focus has been on relative strength winners that’re benefiting from COVID-19. One of my favorite trading setups is the rally prior to an earnings report on bullish anticipation of the actual report. Typically, I start this trade about 7-14 days prior and/or when it hits key support levels. Last week, Amazon … Read more
‘Sell in May, go away’ is a term that is haunting me right now. The market has shown everyone extreme volatility lately, and the easy thing to do would be to sell and get out now. However, I think there would be major momentum moves I’d miss out on if I were to do … Read more
Almost every sector of the market has been affected by COVID-19, and the retail sector is no exception. Most brick and mortar stores were operating with very slim margins to begin with and this pandemic has only made their situations more dire. However, even though a lot of companies are reeling from Coronavirus effects, some … Read more
A Friday Pin? Normally I prefer directional trades, but this week is really the first closer to range bound week we’ve seen in quite some time — with a key battle going on at $2800 in the S&P. Call buyers have loaded up, which to me is a good reason for the stagnation at this … Read more
With all the uncertainty in the market, I find that everyone has the same question: When will it be time to start picking stocks? My simple answer– It depends on what time frame you’re looking at. Then ask yourself: are you a trader or an investor? As far as investing goes, I’m looking at Capri, … Read more
Right now, an overall macro take of the market is important, because themes have drastically changed due to the way that people are behaving. Previously, I used to look at the tech sector with particular emphasis on momentum names in the Cloud and cyber security industries, along with consumer discretionary names, and communications. Now, my … Read more