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.

  • Strategy | Dec 8, 2015, 11:23 AM

    For The Fed, Timing is Everything

    For The Fed, Timing is Everything

    It appears we are about to see the Federal Reserve raise the funds rate for the first time in more than eight years.  The rate has been at/near zero for an astoundingly long period of time.  Yet, there is fear out there, most of it unfounded.  What if the Fed is so hawkish that they raise rates quickly as they have done in the past?  Of course, that is absurd if inflation stays low and the Fed has said as much, but should we believe them?  If policy is set by the smartest[...]

  • Strategy | Dec 2, 2015, 1:53 PM

    Psychological Barriers - Fear of Missing Out

    Psychological Barriers - Fear of Missing Out

    One of the four fears of trading is the fear of missing out. The late Mark Douglas, author of ‘Trading in the Zone’ talks about the relevance and how to overcome the four fears of trading, this one being the most important. Oh, the regret we feel when a trade goes away from us. I’ve felt it many times, so have you. The pain from not participating seems worse than that of getting punished on a bad trade. In options trading you can easily miss opportunity, kicking yourself all the[...]

  • Market News | Nov 24, 2015, 10:29 AM

    Paris Terrorist Attack Generated Another Market Dip

    Paris Terrorist Attack Generated Another Market Dip

    After last week's horrific Paris terrorist attack, many had expected markets to fall sharply when they opened for business the following Monday.  Sure enough, when the futures opened for trading that Sunday evening we saw prices fall sharply, but they managed to recover and open positively.  That led to a massive rally on that day and paced the markets for the rest of the week.  In fact, the stock market had its best weekly performance of 2015, the SPX 500 rising more than 3.3%. [...]

  • Strategy | Nov 18, 2015, 10:00 AM

    Timing That Top or Bottom?  Forget it! (Unless Perhaps You are Gaming the Fed)

    Timing That Top or Bottom?  Forget it! (Unless Perhaps You are Gaming the Fed)

    We would all love to continually call tops and bottoms in markets and be correct. After all, with that ‘magic’ we could never lose, right? Sell at the exact height of a bull run, get in at the bottom of a bear move. While that can be possible to do from time to time, nobody can call a top or bottom correctly on a regular basis. With so much emotion, psychology and irrationality there is just not a clean path to calling a top or bottom. Charts and technicals certainly are helpful identifying[...]

  • Strategy | Nov 10, 2015, 2:22 PM

    The Perils of Following A Hedge Fund Manager

    The Perils of Following A Hedge Fund Manager

    We are all looking for that edge when investing or trading, that one little nugget of information that will over time transform our stake into that pot of gold.  Sometimes that edge is provided by following the big money flows, and when a big money manager is taking a position either short or long we often want to ride his/her coattails, especially when they are so 'generous' to let us know.  The notion that fund managers are much smarter than us and must have some sort of 'information'[...]

  • Education | Nov 4, 2015, 2:44 PM

    Sentiment Polls, Fund Flows and Short Interest Are Great Guideposts

    Sentiment Polls, Fund Flows and Short Interest Are Great Guideposts

    Sentiment polls and surveys are a quick and easy way to see where money is being placed, or at least 'talked about'. They are often good as contrarian indicators, but when they trend it is not safe to bet against the tide. Polls are quite arbitrary and fickle, notice how politicians use them to leverage their position based on what the people are saying.  Markets change direction swiftly and with force, hence sentiment polls often shift on a dime. Back on September 29 it appeared the stock market[...]

  • 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[...]

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