SPY SPY Chart Friday felt like a proper gamma squeeze. This is when too many players get caught short calls and are forced to buy into strength… Causing a huge momentum shift in the market. Gamma squeezes can lead to nice moves higher, but they tend to die off quickly and be a function of…
PAA PAA Chart We’re starting to see some proper dip-buying in the energy space. A director at Plains All American Pipeline (PAA) — a midstream gas company — bought nearly 2 million shares of the company’s stock. This same director made a well-timed purchase in Whiting Petroleum Corp (WLL) back in 2020, when it was…
This market’s sentiment can completely turn on a dime. Around a year ago, the market was setting up for new highs. Although some momentum stocks were crushed early, we didn’t see serious damage in the markets. Now… We’re down 30% off all-time highs, and it seems like the entire market is at the whims of…
One thing traders can do during nasty bear markets is look for stocks showing relative strength. You can measure relative strength in many ways, but the easiest way is to just look at the recent pivot highs and lows. Let’s look at XLK, the SPDR Technology ETF: XLT Chart It should be clear this market’s…
In the past few weeks, we’ve shown you some of our premium insider trading setups, such as: I stumbled on a new strategy that I think has massive investment potential: Introducing: The Turnaround Trade. This is when an insider has been selling their stake in the company but suddenly does a complete 180 and starts…
