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 | Oct 27, 2015, 11:22 AM

    Central Bank Tendencies

    Central Bank Tendencies

    Forget about 'Do not fight the Fed'. It's more like don't fight any central bank on the planet!  The fear of central bank interventions have permeated our brains once again, and it is that fear that seems to be pushing most investors/traders back into 'risk on' mode.  This past week, China cut rates and lowered reserve requirements, the sixth such move this year.  China also removed the cap on bank lending, a further move to deregulate interest rate policy. The prior day had an ECB[...]

  • Strategy | Oct 20, 2015, 3:47 PM

    Approaching Earnings Season with Caution

    Approaching Earnings Season with Caution

    The stock market's comeback from the lows reached just two weeks ago is legendary stuff.  Just a year ago the same type of rally occurred with some very powerful price action, a nearly 200 handle move in the SPX 500.  This followed the threat of an ebola crisis, a steep drop of 9.4% from the all time highs amidst an unknown outcome that seemed to cause everyone to pause or even panic.  Of course, that fear subsided quickly and that big rally caught many out of position.  Bears[...]

  • Strategy | Oct 15, 2015, 3:31 PM

    Branded a Bull or Bear? Just Shake Off the Label

    Branded a Bull or Bear?  Just Shake Off the Label

    We are often asked, ‘are you bullish or are you bearish?’. I am often labeled a ‘perma bull’ because many of my plays are on the bullish side of the market. More recently I have been called a ‘perma bear’, for the very opposite reason. I really don’t care about labels, it’s all about being on the right side of a market trend. We make trades that are bullish or bearish all the time, but the label I want to stick is this one – trader. We can have[...]

  • Education | Oct 1, 2015, 10:00 AM

    Bear Market Rallies Are Vicious

    Bear Market Rallies Are Vicious

    The past week, it seemed markets were ready for a nice rip to the upside, on at least a couple of occasions.  That is something actually, as since late August the bulls have been struggling to string some momentum together.  While Monday was a solid win, the sellers came out in earnest the next day with a gap down and close lower that did not give the bulls a chance.  Friday seemed to be all about the upside, given the big rally off the monthly lows the prior day. A 25 handle gap up[...]

  • Market News | Sep 22, 2015, 10:00 AM

    The Fed Blinked, and That Wasn't a Good Thing

    The Fed Blinked, and That Wasn't a Good Thing

    We can all take heart that the Fed is still supporting the global markets. But if the message of the market is any indication, then this may be the wrong approach.  I suspect this was a contentious meeting, the committee struggling with a pivot to tighter policy.  Simply put, the current funds rate near zero has been in place for more than six years, and while the recovery is not anything hoped for, extremely generous policy has passed its time.  The market remains confused by policy[...]

  • Market News | Sep 15, 2015, 12:45 PM

    If September is Bad For Markets, October Can Be Worse (or better)

    If September is Bad For Markets, October Can Be Worse (or better)

    Some of the worst market action has occurred during the month of September.  Statistically, it is the worst performer of the twelve in the calendar. Fresh in our minds is the 2008 financial crisis, which started to show cracks early in the year but this week we 'celebrate' the seventh anniversary of the stock market being brought to its knees.  It was a sobering time for all involved, not a stock left unscathed by the carnage of a precipitous drop in the indices.  The selling was so[...]

  • Education | Sep 9, 2015, 12:05 PM

    When Stocks Can Only Rally to Resistance - Bear Market is Here, The Bull is Over

    When Stocks Can Only Rally to Resistance - Bear Market is Here, The Bull is Over

    With the recent volatility in the markets and the very extreme price action there is a level of confidence that has become shattered. That is evident in the charts of many stocks across the landscape, and indicative of the indices on numerous timeframes. But we also see this confidence flagging in sentiment too, and for the six year bull market dips have been buying opportunities, but not this time around. For the longest time we could always defer to the longer term charts to justify staying long,[...]

  • Education | Sep 2, 2015, 5:31 PM

    Flash Crash 2015:  Did You Miss It?

    Flash Crash 2015:  Did You Miss It?

    When markets opened on Monday, August 24, a slew of sell orders were already lined up, causing many computer systems to go haywire. Many brokers were locked out, and with market makers and specialists unwilling to take action, we saw enormous bid/ask spreads, stops being hit at very low levels, and frozen markets. This all occurred at the opening bell, and it was quickly fixed when some traders saw opportunity and dove right in on the buy side. This was flash crash 2015, and it happened so quickly[...]

  • Strategy | Aug 26, 2015, 2:16 PM

    Surviving Market Volatility Again

    Surviving Market Volatility Again

    This past week was a difficult one for markets.  That is probably an understatement, as the SPX 500 fell a stunning 5% during the week, the Dow Industrials dropped more than 530 points, or more than 3%.  It was the worst week in nearly a year and set the indices back to losses in 2015.  Seems like a big move, right?  It was 'only' 3%, but to put that into context - in 1987 the Dow Industrials dropped a similar amount, or 508 points.  But that was a massive crash, falling[...]

  • Market News | Aug 18, 2015, 11:46 AM

    2011 Debt Downgrade:  The Economic Collapse that Wasn't

    2011 Debt Downgrade:  The Economic Collapse that Wasn't

    Remember that shocking moment four years ago when ratings agencies had the gall to downgrade the US debt rating from AAA to AA? It felt like the “shot heard round the world” as other countries sat up and took notice. The reason for the downgrade was more political than anything else, of course. The debt ceiling crisis was blamed, and so was the lack of a plan by Congress and the President to deal with the burgeoning debt. The ratings agencies weren’t buying another[...]

  • Market News | Strategy | Aug 11, 2015, 12:21 PM

    The Bond Market: The Tail that is Wagging the Dog

    The Bond Market:  The Tail that is Wagging the Dog

    A study done in 2011 showed the global bond market is nearly triple the size of global equities.  I am quite sure it is even bigger today, but according to McKinsey, in 2010 there were 212 trillion in capital stock and bonds made up 75% of that number.  Hence, the enormous size of the bond market gives heed to investors looking for safety and income, but are ultra-sensitive to changes in interest rates.  We see rates increase when inflation rises, but they decline or stay low when[...]

  • Market News | Strategy | Aug 4, 2015, 12:05 PM

    The Fed and the Mindset for a Downturn

    The Fed and the Mindset for a Downturn

    I can hear it now from someone reading the title:  'A HA!  this guy is finally bearish after all this time -- I knew he would come around'.  That couldn't be further from the truth, in fact the bearish label is completely inaccurate.  I don't like labels, as when we describe ourselves bullish or bearish that puts us in a specific mindset unable to be flexible.  Hence, when we change our minds and decisions with changing markets our tactics are questioned.  In other words,[...]

  • Market News | Jul 28, 2015, 12:25 PM

    Markets Feel Normal Again (Maybe)

    Markets Feel Normal Again (Maybe)

    Though we had four down sessions this past week and drop of 2% for the SPX 500, the action had a more normal feel to it.  What am I talking about?  First and foremost, it was nice for a change the market sentiment was not being driven by Greece.  Since mid-June that has been the case, the unpredictability over a resolution has gripped investors/traders in a panic.  When payment deadlines for Greece passed it was all but assumed the worst would happen and volatility shot through[...]

  • Technical Analysis & Charts | Education | Jul 22, 2015, 1:26 PM

    Options Income Strategies:  Understanding the Technicals

    Options Income Strategies:  Understanding the Technicals

    One of the things I am asked the most about is options income strategies. As a technician, my answer is always the same - you need to have a deep understanding of the technicals and the patience and discipline to analyze the charts. At its core, technical analysis is simply interpreting behavioral patterns on a chart. The goal is to interpret the patterns correctly; if you do, you can expect them to occur again in the future. That's because when it comes to money, human behavior does not change on[...]

  • Market News | Jul 15, 2015, 1:31 PM

    VIX on the Move:  Volatility Trends

    VIX on the Move:  Volatility Trends

    With so much uncertainty over recent events in Greece and China it's no wonder markets have seen a sharp rise in volatility.  As measured by the VIX, we saw volatility rise nearly 80% in just better than two weeks, vaulting from about 12% to 20% during that time.  Uncertainty creates doubt, and as long as this bull market has been in place there is not one investor/trader out there who wonders when it may end or a deeper correction would ensue.  But like Pavlov's dog, investors are[...]