I've been trading stocks for going on 60 years, since before I could legally drive a car I've been addicted to the adrenalin rush of making money by being smart. I remember by first big winners like it was yesterday. My first stock ever was Beneficial Finance Company, bought when I was 13. My first option was for Occidental Petroleum, during the oil crisis of the 1970's. Yet 50 years later I get just as excited by hitting a gusher and riding calls (or puts, as the case may be) as I guessed right on both the stock and shorter term direction of price. It never gets old.
This service has been live in one form or another ever since I learned that there was a market for posting ideas online. While, this Sunday, All Allan update has always been free, back in 2010 I started Blue Line Trading System as a paid service, a more intensive analytical service, focusing on option strategies and now some 16+ years later, it's still standing. Some of you who are reading this have been with me since the start. I am most grateful for your continued support and loyalty, especially through the rough patches.
Speaking of which, I have yet to have a rough patch that was not followed by massive winners, one right after another. I suspect we are about to enter one of those glorious up cycles where everything we buy goes in our direction, big time. For paid subscribers, pay special attention to the new name, the "Sleeping Giant," that I described in the most recent updates. Since writing this new idea up I have become even more enamored with its prospects. The July calls are way too cheap basis where price is likely going over the next 60-90 days. I will reserve this particular name for paid subscribers only, for a few more weeks, then likely divulge here in my complimentary All Allan Sunday update. After all is said and done, you do get what you pay for.
The Market
The Fear & Greed Index can still go higher before a major reversal comes knocking. Not required, just more likely than not. Particularly vulnerable are the semiconductors. I sent this graphic below out to subscribers recently. It bears watching:
When this index begins to correct, we will be playing it aggressively to the downside with the leveraged 3X Bearish ETF.
Two of My Favorite Three Buy & Hold Stocks
TSLA Weekly
GOOGL Daily
I discussed TSLA and GOOGL in more detail in multiple Blue Line updates. Sometimes you just have to believe what you see and then act upon it. It's not rocket science...or maybe it is, as both of the above names will thrive when SPACEX goes public.