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.

  • 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[...]

  • Education | Strategy | Trade Ideas | Feb 24, 2015, 9:30 AM

    Options Trading Strategies: Lessen Volatility on your Portfolio

    Options Trading Strategies:  Lessen Volatility on your Portfolio

    Random price movements leave us with very little edge when it comes to reading the charts and technical's.  Nevermind fundamental analysis, which is simply impossible to explain a how stock can move violently after a news event.  The market is simply designed around accumulation and distribution, seen very clearly on a price and volume chart.  Yet, when these buyers and sellers are pulled in each direction by the market there is an uneasy feeling about participating. The erratic behavior[...]

  • Trader Talk | Education | Feb 10, 2015, 9:45 AM

    The Market is Mired in a Confidence Crisis

    The Market is Mired in a Confidence Crisis

    There really is no other way to explain the twists and turns of this market other than increasing doubts that higher prices can continue. We're not talking about outrageous valuations and lack of investing control as we saw back in the late 90's. No, I am referring to self-doubt and the confidence crisis that was created from the global financial collapse just six short years ago. The confidence built by the Fed through several monetary programs reached peak levels recently. While we tend to like[...]

  • Trader Talk | Education | Feb 3, 2015, 2:15 PM

    Want Success in Trading? Lose Your Opinion --- Now

    Want Success in Trading?  Lose Your Opinion --- Now

    It's hard to not listen to the experts and pundits who offer an array of opinions and points of view.  Everyone has to be smarter than us, right?  A market opinion is like a mouth - everyone has one and most don't know when to shut it (there is a similar analogy most know of, but I wanted to keep it clean!).  But those opinions tend to sway us to move in dangerous ways.  The market will never divulge an opinion, but like Jack Webb said in Dragnet:  'just the facts'. Lately[...]

  • Trader Talk | Education | Jan 27, 2015, 10:40 AM

    The Changing Mindset of Investors and Traders

    The Changing Mindset of Investors and Traders

    One thing is for sure, the mood and temperament among investors and traders changes like the direction of the wind.  But leaning to hard one way can be very damaging to your wealth and your mind.  Certainly the unknowns out there are the challenges we have to either dodge or just embrace.  If you have a long term horizon then the bumps in the road are just great opportunities, and those have been great spots to add positions.  That has always been the ritual of the past - buy[...]

  • Technical Analysis & Charts | Education | Futures | Jan 21, 2015, 2:30 PM

    Lack of Liquidity Affects Most Markets

    Lack of Liquidity Affects Most Markets

    We have become accustomed to low volume, low volatility markets.  On certain days you can just feel the intensity and flow potential from the start.  Markets gap up and hit morning highs, rest and then run hard to finish the day -- and all the bulls rejoice.  A runaway gap down and follow through has everyone stumped and waiting for a snapback rally, which may not occur, bids disappear and prices run hard to finish the days on their lows.  This has been the mantra so far in 2015[...]

  • Education | Jan 13, 2015, 3:45 PM

    Wall of Worry is up High in 2015

    Wall of Worry is up High in 2015

    We love market skeptics, as they will take any particular piece of news and spin it negatively.  Don't get me wrong, when there is 'bad' stuff happening we must take notice of it and respond accordingly.  But, is there anyone out there who is not spooked after the first week of trading the new year?  Yes we had a couple of strong days midweek but the indices are decidedly negative. A Wall of Worry is up, and as a contrarian thinker this is where I want to be involved, too many skeptics[...]

  • Trader Talk | Education | Jan 6, 2015, 10:00 AM

    Fed Policy: 2015 May Be EXACTLY Where Ben Bernanke Wanted to Be

    Fed Policy: 2015 May Be EXACTLY Where Ben Bernanke Wanted to Be

    It's really hard to pinpoint a proper timeline for Fed Policy.  In a perfect world and situation, the Committee would prefer to sit in the background and not have an influence.  But after the 2008 global financial collapse, that could not be done easily.  The dilemma created from the financial crisis was a major puzzle:  go deep with an aggressive policy or wait and see how things would shake out.  The latter was a mistake made in the 1930's that helped extend the Great Depression.[...]

  • Technical Analysis & Charts | VIX | Education | Dec 30, 2014, 3:00 PM

    The CBOE Skew Index Reaches Levels That Say A Correction May Be Coming

    The CBOE Skew Index Reaches Levels That Say A Correction May Be Coming

    (Editors Note:  This sent to us from Bob Lang late last Friday night.  Enjoy) I wrote about the CBOE Skew Index here a couple of months ago and talked about how it had become a fantastic predictor of correction market moves in 2014. To review, the skew index is a compilation of bets placed on out of the money options, mostly puts. These bets are 'looking' for a big move south very quickly, perhaps the result of some sort of 'black swan' event. For the most part, these tail risk bets rarely[...]

  • VIX | Education | Strategy | Trade Ideas | Dec 8, 2014, 4:00 PM

    Skipping Around: Of Jobs, Oil and Markets

    Skipping Around:  Of Jobs, Oil and Markets

    Today, we'll take a look at how jobs, oil and market volatility are playing a role in the market environment. A Solid Jobs Report:  But You Can't Please Everyone Last week's job number took many by surprise.  What a great report it was, 321K jobs created based on the latest survey, previous reports revised upward.  Yet, all I heard were complaints - the jobs created were temporary, not high-paying career type positions and that this will turn tail in a couple of months.  I disagree[...]

  • Trader Talk | Education | Dec 2, 2014, 1:15 PM

    Risk Management in Trading Trumps All

    Risk Management in Trading Trumps All

    During the recent period of high volatility many of my client portfolios took a ride up and then down then back up again, which may be of some concern.  I received a phone call from of them (of which I rarely do) and she asked if I could just 'sell stuff before the market goes down and buy stuff right before it goes up'.  I certainly wish it were that easy!  Yet, my job is to make money for clients regardless of the direction, and with options my timing has to be nearly perfect. If[...]

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