A Gold Pen! My Kingdom for a Gold Pen (GLD, XLU, DIA)

Buckle up and hold on, ladies and gems, because the ride’s about to begin and we ain’t got no insurance. What we have instead is a whole mess of trades to review and a few new ideas to ponder, so get a pen while you’re at it. We begin the week with a quick word about fellow scribbler Matt McAbby, who last Thursday penned a piece on deep-in-the-money options that’s a MUST read for all who care about their investments. Here goes – On March 3rd we recommended a deep ITM CALL position on the indexes. The letter was called As the World wars, Wall Street Waxes

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Noah Would Have Bought CALLs (XLU, SPY)

We’ve got one trade to close before we get down to business this week. It was a winner, thank the Lord, not a grand slam homer, mind you, but a nice turn of profit. It was an initiative we booked back on February 24th, just prior to the broad market top-out and at the end of what we figured would also be a top for the Utility sector. The letter was called Downside betting on Freeport and the Utilities, and there we wrote as follows – [W]e see the longer term picture is bullish, despite any temporary stall that may be upon us. RSI and MACD are above their waterlines and all the weekly MAs…

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Measuring the Worry one Cup at a Time (GMCR, TSLA)

So just what is this so-called ‘wall of worry’ that epitomizes bull markets on Wall Street? It’s a phrase that’s bandied about by just about everyone. But until you open up the patient and actually stir about in his guts, you really have no idea what it means. It’s for that reason that we’re taking a minute to opine on the exact meaning of the term, its relevance, and how it works in reality. We’ll start like this. ‘Bull Markets Climb a Wall of Worry’ We’re in a bull market. It’s been going on for five years and, for technical and other reasons, there’s little reason to think it will stop. That being the case,…

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Make Money while the Coffee Spills (GMCR, FB, SLV, TSLA)

Coffee Spills

We’re going to look at a few items this week. With spring upon us, it seems appropriate to survey the scenery before the heat of summer and that sweaty July madness arrive and make it hard for us to think. We’ll begin with what could only be considered a schizophrenic trade in silver. A quick look at the iShares Silver Trust (NYSE:SLV), the most popular equity ETF for the grey metal reveals the following – And we ask you, as fellow men and women of reason, educated people with a disdain for all things coarse and corrupt – just what the hell is going on here!? Is it some kind of joke?  Is this what…

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Prying Profits from a Return to Risk (FB, IXP, TSLA)


Did anyone catch that drop in Tesla shares last Friday? A drop of over thirteen bucks that sent six percent of the company’s market cap up to money heaven. And all on the back of our call last Monday to stay the hell away from this puppy. What Caused it? Good question. Over the last two days the loss has amounted to nearly ten percent, but according to varying mainstream media reports the decline was either the result of 1) a market that’s gotten tired of high flying stocks, or 2) California’s electric vehicle rebate program running out of cash, or 3) Tesla’s so-called gigafactory being a much bigger gamble than most stock watchers previously…

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