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.

  • 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[...]

  • Technical Analysis & Charts | VIX | Trader Talk | Trade Ideas | Jul 12, 2015, 3:30 PM

    Psychological Damage Can Be Done to Investors

    Psychological Damage Can Be Done to Investors

    It is not easy to win over investor sentiment.  Anyone who lost money during the financial crisis can tell you how difficult it was to suddenly trust markets again, and there was the 'flash crash' afterwards that suddenly jolted any built up confidence.  For its part, the Fed has done everything they possibly could to bolster investor confidence, the lifeblood to the markets. On record they have succeeded, but many would question the tactics.  Yet six years in to the bull run many[...]

  • Market News | Jun 30, 2015, 9:53 AM

    Ignore the Noise Coming From Greece and All Else

    Ignore the Noise Coming From Greece and All Else

    I often talk about the need to focus on markets and the price action, ignoring the noise from the crowd.  Doing will often help you sidestep dangerous advice designed to twist your mind.  We can consider all the excuses or reasons for selling - there are a million of 'em - but at the end of the day it is the market action, the effect and not the cause that will be our guide.  The first step is understanding the technical condition, sentiment and indicators.  These will always[...]

  • Education | Jun 11, 2015, 9:52 AM

    Options Trading Strategies: Low Fear Levels Make for Cheap Option Protection

    Options Trading Strategies:  Low Fear Levels Make for Cheap Option Protection

    Summer trading usually ushers in a time a low volatility and often very little interest.  Markets tend to make sharp and jagged moves as liquidity is thin.  At this time with markets at/near all time highs and nobody truly wants to get off the train, it makes for some difficulty but often some opportunities arise when others are looking the other way.  Paraphrasing Robert Frost, 'The road less traveled makes all the difference'. We often see some sort of 'summer rally' occur with alacrity,[...]

  • The Fed Has Already Ushered in a New Fed Policy

    The Fed Has Already Ushered in a New Fed Policy

    Fed policy dictates money flows into most markets, including stocks, bonds, commodities and even currencies.  As the leading central banker, the Committee sets policy as it sees fit for the US economy yet we often see other nations' central banks pivot off the Fed.  That often happens at a slower pace as countries are in an 'I'll wait and see how it works' mode.  When the Fed went to a ZIRP (zero interest rate policy) in 2008/09 many other central banks aggressively followed and cut[...]

  • Trader Talk | Education | May 18, 2015, 2:00 PM

    So Much To Worry About - Really?

    So Much To Worry About - Really?

    Are there no shortage if things market players need to worry about?  It's amazing how long that 'wall of worry' has been up.  Yet, the market doesn't seem to be showing it, in fact we are seeing high complacency exist, which may not be a good thing over the long haul.  But I have to believe the mountain of concern in trading markets is way overblown, and the market shows it'll continue to overcome cautious behavior.  Ideal for a market to rally further than anyone expects. We[...]

  • Technical Analysis & Charts | Trader Talk | Futures | May 12, 2015, 1:15 PM

    Market Tells Are More Useful Than Predictions or Comments

    Market Tells Are More Useful Than Predictions or Comments

    There was a slew of talk and predictions over the last few days that were to serve warning over equity market players, but what transpired as another up week with another very strong day on a Friday, the second consecutive big gain to end a week.  On Thursday we heard some 'off the cuff' comments from Fed Chair Janet Yellen, her thought that equity valuations were 'quite high', yet we know that condition is rather arbitrary.  Maybe she commented with a 'wink' to the markets.  The valuation[...]

  • Trader Talk | Education | Strategy | May 6, 2015, 1:40 PM

    Why I Will NOT Buy or Sell that First Big Move

    Why I Will NOT Buy or Sell that First Big Move

    In the game of trading there is always a rush to be the first one in or out, state it in real time and then wait to take a victory lap.  It's great fun and an ego stroke to be able to 'call that shot', whether it's a bottom or top.   Yet, these decisions are often impulsive and without much thought.  When a stock plunges for whatever reason it may seem appropriate to stick your hand in and take a slice or even a big chunk, without ever understanding the technical damage that could[...]

  • Market News | Apr 29, 2015, 10:30 AM

    Options Trading Resources: Understanding Option Order Flow

    Options Trading Resources: Understanding Option Order Flow

    In technical analysis there are only two primary things to watch, and that is price and volume.  Price is king and must always be respected, but money flow can give us clues to future price direction.  I look for where the big money is flowing, but unfortunately the information in stock volume can be a big noisy, deceptive. late or even absent.  We have all heard of the 'dark pools', where stock is traded in big size and secrecy (well, sorta secret) by institutions.  The public[...]

  • Technical Analysis & Charts | Trader Talk | Education | Apr 20, 2015, 1:15 PM

    Market Breadth Indicators: An Important Measure of Sentiment

    Market Breadth Indicators:  An Important Measure of Sentiment

    Market breadth is simply how many stocks are being bought vs being sold and how much volume is behind it.  Breadth is an ideal temperature gauge of the market's health at any point in time, and like most indicators is a current read of where price action is likely headed.  Basically, this is not where the money is flowing but what direction (in or out).  Coupled with other sentiment tools such as put/call ratio, volatility index, rydex ratio and polls we can get a very accurate idea[...]

  • VIX | Education | Apr 8, 2015, 10:00 AM

    Confusion About Fed Policy Causes Erratic Market Behavior

    Confusion About Fed Policy Causes Erratic Market Behavior

    As investors and traders try to game the Fed and their next move, we find that a lack of clarity and vision about policy once again have players on edge.  It's playing out like a game of 'chicken' and 'musical chairs' all at once, who wants to be left holding the bag when the exit doors are used, but who wants to be left out if the rallies continue?  Further, it seems everyone wants to be first and fast, but rarely does the early bird get the worm.  Trying to game the Fed's next move[...]

  • Market News | Technical Analysis & Charts | VIX | Education | Mar 24, 2015, 2:00 PM

    Sentiment Tools: Taking the Temperature of the Market With the VIX, Part 1

    Sentiment Tools:  Taking the Temperature of the Market With the VIX, Part 1

    Random movements in the stock market are very tough to explain but if we can understand the role of sentiment, these moves make sense.  Remember, stocks move along the spectrum of fear and greed, a chart being an excellent portrayal of these emotions.  We can point to several sentiment-related indicators to get a pulse of market players, this is especially useful in the short run.  In part 1 of a series, we'll take a look at some of these and how they impact decisions and market movement. A[...]

  • Market News | Mar 11, 2015, 9:15 AM

    Charts And Technicals Tell the Story

    Charts And Technicals Tell the Story

    Understanding technical analysis is an art form that is certainly shaped most by experience.  As a charting veteran, I have evaluated thousands of charts, a daily ritual that exceeds well over 100 in a day.  That may seem exhausting but it is my requirement to perfect my craft and find the next winning trade - nobody will just hand it over to me, I have to work for it. My last class at San Diego State in 1990 was called 'Portfolio Management', where I had a brilliant instructor talked about[...]

  • Education | Mar 3, 2015, 2:00 PM

    Why Does The Market Have to do 'Something'?

    Why Does The Market Have to do 'Something'?

    I often find myself hearing reasons or rationale for the stock market's movements, which really is just a collection of emotions all packaged together to form a result.  I have to ignore these comments, if I listen too carefully I may get swept up in trying to rationalize the action.   Without trying to be too obvious, too much fear and the market goes down, but too much optimism and the market goes higher.  We can see all of this played out on a chart too, I've said many times a technical[...]