bob-lang

Bob Lang

Founder and Portfolio Manager — Bob has been trading options for himself and private clients for more than ten years. He uses a unique combination of technical indicators to find the best trending stocks that exhibit enormous velocity and ferocious movement. He often gets in front of these moves before they happen. Patience is Bob’s greatest trait — the chart pattern being the only reason to enter/exit a trade. Prior to this venture Bob managed portfolios for bigtrends.com, turning Grandslam and Extreme Options into the strongest performers in the company. Prior to Bigtrends, Bob worked with floor traders at Countrywide Capital, which came after Aztec Partners Limited Partnership. In the 90's he managed the Sunkist Growers 300 million dollar pension fund.

  • Market News | Aug 22, 2016, 9:36 AM

    Buying a Breakout, Selling Breakdowns

    Buying a Breakout, Selling Breakdowns

    When a stock makes a big breakout or breakdown on some very heavy turnover, it catches the market's attention. We often feel regret and that we are late to the party, and that if we decide to jump on board then the stock will reverse course. That is the psychological negative of not understanding momentum, for it is at these moments that the best opportunity for gain often lie ahead. Stocks move over time, often long periods of time - yet our minds constantly think in the moment. This is a divergence[...]

  • Education | Aug 15, 2016, 9:17 AM

    Rate of Change Can Predict Future Momentum

    Rate of Change Can Predict Future Momentum

    The rate of change is defined as the speed for which a variable changes in a specified period of time. We look for a change in trend or just an inflection point key in on the rate of change to help determine where momentum may take place and perhaps estimate the trajectory. While it is often difficult to predict a top or bottom with any consistency, from a mathematical perspective we can use the rate of change to identify probable turning points. It is at these moments where significant gains can[...]

  • Market News | Strategy | Aug 8, 2016, 10:15 AM

    Noise Levels Rising - Time to Turn it Down

    Noise Levels Rising - Time to Turn it Down

    The pitch level of noise surrounding the markets is starting to elevate, and wouldn't you know it - right near the all time highs.  Right on cue!  As we saw markets take out resistance on Friday following the strong jobs report, we continue to hear the drumbeat from the bearish side, that this most unbelievable market rally has to end soon.  Of course, no time estimate on that prediction - like the old economist's saw, 'give em a number or a date, but never both'.  Especially[...]

  • Trader Talk | Education | Aug 1, 2016, 10:10 AM

    Pulling Yourself Out of a Trading Slump

    Pulling Yourself Out of a Trading Slump

    Trading the market is all about outcomes, and it’s no surprise that we are driven to win every single day. When you’re plugging along and banking some nice wins, all is right with the world. You feel great. You believe in your skills. Your mindset is in a healthy place. The psychology of trading is on your side. We have all been in a trading slump, sometimes thinking that trading each day is a nightmare that will never end.  I've been there, recently in fact.  It was at a certain[...]

  • Trader Talk | Jul 11, 2016, 9:09 AM

    Market Talk, Part 1: Words and Phrases to Avoid

    Market Talk, Part 1:  Words and Phrases to Avoid

    We hear so much definitive market talk from the financial media, and most of it is careless and quite useless. The best advice is to follow the market action and not the anecdotes and phrases that will put you in the wrong frame of mind. Discipline and hard work trump complacency and laziness, so turn off the noise and be at your best. ‘It will be different this time’ — Mark Twain reportedly said, 'History doesn’t always repeat, but it often rhymes'. Investor/trader emotions[...]

  • Market News | Trader Talk | Strategy | Jun 20, 2016, 10:55 AM

    Jobs Report Shocks the Federal Reserve into Submission

    Jobs Report Shocks the Federal Reserve into Submission

    There is no doubt the Federal Reserve committee dialed it back significantly from the recent 'rate hike' rhetoric we have been hearing about lately.  It was only a month ago we heard most of the Fed Governors boldly claim a rate hike was coming and probably sooner than everyone believed. However, they presented a mixed picture of the economy, seeing some growth areas but weakness in others. This from their recent statement:  Information received since the Federal Open Market Committee met[...]

  • Market News | Technical Analysis & Charts | Futures | Jun 13, 2016, 9:14 AM

    Volatility Kicking Up Again - Seen This Movie Before

    Volatility Kicking Up Again - Seen This Movie Before

    Friday's risk off day was certainly one we have not seen in a few weeks.  Bulls have had the advantage of late, and any spike in volatility was sold down.  Take a look at the VIX chart and you'll see the last two spikes prior to Friday (to 16 and then 17) were pulled down sharply by the end of the day.  Yet, some fear seemed to seep in as we headed to the weekend.  Was it warranted? I'm not so sure, but as we've seen when volatility has spiked previously, it may be time to be[...]

  • Technical Analysis & Charts | Futures | May 31, 2016, 9:50 AM

    Markets Are Getting That Overbought Look Again

    Markets Are Getting That Overbought Look Again

    After the best performance in a couple of months, markets are back to an overbought look on several indicators, and that may send diverging messages.  No doubt the price action was very bullish, rising three of five days coming off a very good finish the prior week and breaking significant support as well.  It appears that support at 2040 on the SPX 500 was to be tested and happened when the markets matched it with an oversold reading on May 19 - great timing for a low to be planted. [...]

  • Market News | Technical Analysis & Charts | Education | May 23, 2016, 9:10 AM

    A Market Under Distribution

    A Market Under Distribution

    The stock market is under distribution, this is a fact. Simply put, professional selling overwhelms the buying and prices head lower.   As the markets ebb and flow with the money coming in/out we are constantly reminded about the psychological effects of a bear market.  Yes, even after the huge rally off the February lows this could still be considered a bear market.  Some of the strongest rallies occur during bear markets, but we cannot dismiss the internal characteristics. [...]

  • Sometimes It's Best to Sit Back and Wait

    Sometimes It's Best to Sit Back and Wait

    As traders, we make our living each and every day trying to find the best trading opportunities.  For some, daily profits are the lifeblood of their existence not just feeding the ego but also paying the rent, putting food on the table and paying the bills.  This of course is the wrong approach for anyone who really chooses this career, as the timeframe chosen is critical as is the amount of capital in reserve.  Most of us realize the best possible position is to be well-capitalized,[...]

  • Technical Analysis & Charts | May 2, 2016, 9:28 AM

    2016 SPX 500 Chart Has Similar Pattern as 2008

    2016 SPX 500 Chart Has Similar Pattern as 2008

    We often look at charts to find recognizable and repeatable patterns, hoping to take notice of a previous move that may have a high probability of happening again.  In the universe of technical analysis, there are a plethora of technical patterns with setups for both bullish and bearish plays.  You can find a nice sampling of those below.  But the important takeaway from the analysis is to have an open mind without bias, identify a pattern and which way is most 'likely' and play it[...]

  • Education | Strategy | Apr 25, 2016, 10:17 AM

    Option Trading - Are You Ready? Part 1

    Option Trading - Are You Ready?  Part 1

    "Great traders have passion, confidence, an edge and a game plan. They are prepared, They keep their system simple.” - Gavin McMaster I have been option trading for several years, and while my results have been up/down - what is important is that I have survived many different market cycles.  That should tell you a great deal, as surviving in this jungle call the 'market' without a life preserver is a difficult but not impossible task.  To me, success is not all about the bottom[...]

  • Trader Talk | CBOE Memories | Apr 6, 2016, 11:05 AM

    Trading Lessons: The Mountain Top Is Lonely

    Trading Lessons:  The Mountain Top Is Lonely

    This story is part III of my trading lessons series. I've been to the top of what is called 'trading nirvana', a place where I thought I would have plenty of company. Back in my early trading days, I thought there was nothing bad that could touch me. As you recall from a previous article where I turned a small sum of 7K into a nice amount over half a million in just a few years. This was 'it' for me, and while it was far from a fortune I could live on the rest of my days, I certainly believed it[...]

  • Education | Strategy | Mar 28, 2016, 9:28 AM

    Trading Lessons: Bull or Bear? These Labels Are Useless

    Trading Lessons:  Bull or Bear? These Labels Are Useless

    Some trading lessons are invaluable.  One of the best is to be agnostic and without a bullish or bearish bias. As the markets move up and down we often find ourselves positioned in one camp or the other.  Naturally, on the sidelines technically means we are neutral, but often it is 'bullish with a bias to wait'.  I'm not into labels.  Why?  Because it puts us all in a frame of mind where we have bias, and in this market if you are biased then you lose your quickness and flexibility. Having[...]

  • Strategy | CBOE Memories | Mar 21, 2016, 9:07 AM

    Trading Lesson 2: The 90's Were Alive

    Trading Lesson 2:  The 90's Were Alive

    Time for another trading lesson.  Back in 1996 I took a job with Sunkist Growers as their Pension and Investments Manager.  I was hired to manage pension assets for a mature fund.  By mature this means there were many beneficiaries drawing monthly pensions, and as the company had been around 100 years the plan was old, I was charged with stepping up the pace of returns relative to the minimum required contribution by the company owners. The 90's were a time when markets started to[...]