Even in this carnage of selling there are some green shoots if you’re looking at places other than tech. Homebuilders are strong but so are Staples following some strong earnings out of Procter & Gamble ($PG). Perhaps a rotation to more safe and sound names but without the strong growth prospects is now in order.
Volatility is on the rise, but the biggest hits are in the Nasdaq, down nearly 2.6% at this point. Software names are well-bid and showing some strength; the Industrials actually went green for a moment.
Rotation is something we have seen quite often recently as money leaks from the former leaders into new groups. That is usually pretty healthy but certainly makes it feel worse if you’re in the most loved names that are being distributed.
Bob Lang is one of the country’s top options traders, an expert market technician, and a highly sought-after mentor and teacher. He is a private trader in equity and option markets and created his own hedge fund and options trading company called Explosive Options. He is also founder and Chief Options Analyst at Aztec Capital, LLC. He has been a regular contributor to TheStreet Pro's paid subscription products since 2009.
Lang is both a short-term trader and long-term stock investor. He utilizes technical and fundamental analysis to find investment opportunities. His coverage for TheStreet Pro specializes in options trading, stock investing, and technical analysis.
One of Lang’s claims to fame is his creation of the acronym FANG to describe the top tech companies at the time (Facebook, Amazon, Netflix, and Google). The acronym has since expanded considerably and is still widely used today. He is the author of the book “Know Your Options” and holds an MBA from the University of Redlands. When he’s not providing financial commentary for TheStreet, he can be found on the tennis court, reading, or traveling.
