Markets are down big this morning for the first time in what seems like months. Something about the jobs numbers coming in better than expected so now the Fed might have to raise again? Doesn’t matter. This market has felt pretty bubblicious for the last couple of months and the indexes have probably been due […]
Why Stocks Rallied Today + Trade Alert: Bye WORK, Hi More Index Puts + Transcript
My almost-seven years-old daughter, Lyncoln, went to the dentist in Las Cruces this morning and my wife sends me a text that says “She earned a target price for that.” I was like, hmm, a “target price?” Oh, a prize from Target! Haha. As for the markets here, it turns out apparently everybody was positioned […]
Trade Alert: Trimming Bitcoin, Buying Puts on SMH, Hedging TSLA
After years of riding this Bubble-Blowing Bull Market, crowds screaming “De-fense” in this video are me with my TWC subscribers right now, as I think it’s a better time to be defensive than aggressively long stocks, gold, bitcoin, bonds or just about anything else liquid here. I am still net long though. And this just […]
Trade Alert: SEDG’s up 500%, Reloading puts, A little trimming
It’s been an absolutely wild week of action. Nice bounce from the lows *checks charts* uh, yesterday morning. I’m nibbling a few index puts here, reloading a little bit of protection. Maybe trim a little bit of the names we nibbled on during the panic *checks charts* uh, two days ago that have bounced, such […]
Trade Alert: Taking profits on puts, and a small bet on rates
Here’s what I’m doing today: I trimmed some SPY, IWM puts. I trimmed a little of my bitcoin futures BRR. I think the rush into bonds is overdone and the TLT puts are quite cheap, giving us a decent risk/reward scenario with a tiny bit of capital. So I’m nibbling some TLT puts dated out […]
Trade Alert: More puts, Silver vs Gold, FB’s crypto vs Bitcoin and Bernice the Great Pyrenees
Here’s the transcript from this week’s Live Q&A Chat including discussion on my Tesla presentation, the market’s rally today and the new FB crypto. Q. Does it look like the Fed cuts 25 points in July and the market moves higher? A. The fact that your question implies that its fait accompli for the market […]
Trade Alert: Selling the puts, coloring up a bit more bullish
Tensions are running high on Wall Street and even in the Trading With Cody Chat Room. I’m trying to write up a Latest Positions but with the markets tanking yet again today, I’m going to sneak in another Trade Alert here. I’m selling most of the rest of my index put hedges here. On the […]
Trade Alert: Taking profits on some index puts
It’s sure gotten a bit panicky out there today as the Russell 2000 small cap index makes new lows today. The Nasdaq, S&P 500 and the DJIA are all just about 1-3% away from their intraday lows in October. There are probably a lot of algorithms and traders out there waiting to sell and/or short […]
Trade Alert: Trimming some of our index puts into another panicky open
Stocks crushed again this morning. Here’s what I’m going to do. With the Nasdaq down another 2.5% this morning, I’m going to sell about 1/3 of my SPY and QQQ puts. And that’s it for now. Lots of great Q&A from our live chat this morning including these two: Q. I remember Cisco in 2001 […]
Trade Alert: Stocks crushed. Two nibbles and locking in profits on the AMD puts
Stocks are getting crushed with the Nasdaq down more than 3% on the day as I type this at 11:25am ET. I spent almost an hour on the phone with a very insightful source who runs sales at one of our smaller cap Revolution Investments. Then I hung up the phone and checked the market […]
