Is the Bullish Squeeze Out of Juice?
The market has been ripping higher as the gamma and short squeeze plays out. Here's a look at today's "double dip" strategy of unusual option activity and short interest. However, with Tech lagging, how much juice is left to squeeze? ($HOOD, $FXI, $CVNA, $COIN, $SOFI, $ARKK, $IYR, $XRT, $AX, $BBWI, $RDFN, $CGC).
Buyers Beware! Bearish Read on Volatility Should Make You Nervous
It's been a great run over the past few weeks. However, the indications from the volatility markets are signaling a 5-10% correction in the coming weeks. This places a historically bullish period in the sights of market bears as we head into the end of year. (GOLD, NEM, CLF, STLD, AAL, SAVE, DAL, MARA, COIN,…
Bond Breakout Lifts Stocks on Shortened Week
Strong auction for 20-year U.S. Treasuries helps lift stocks to new intraday highs ahead of the Thanksgiving holiday. With NVDA set to announce earnings tomorrow AMC, the bears have a little more hope for a reversal before volumes dissipate. $NVDA, $PLTR, $MARA, $SOFI, CCJ, URNM, $AI, $NKLA.
Massively Unch'd as Debt, Spending and Inflation Reports Loom
What a day of indecision! Equities and bonds finished unchanged for the day as data looms regarding a shutdown, inflation and Moody's negative outlook for U.S. debt. One thing appears certain, we're starting the week this way, but likely won't finish it this way. (ARKK, KHC, EQT, XLK, KRE, KEY).
Is NVDA Key to Next Leg of Market Rally?
Today looked like a typical rotation to defensive sectors like Staples, Healthcare and Utilities. However, are these the drivers for the current market rally? Looking beneath the surface shows NVDA at the center of the next move in the market. (IYR, ARKK, SOXL, LEN, PYPL, XLE).
Financials Pump Ahead of FOMC...What Do They Know?
Financials popped on Monday ahead of central bank announcements from the BOJ and Federal Reserve. Are banks and financials poised to rally on a shift in policy? The dollar may be a big key for the next move in the market.
Treasury Bond Bears Capitulate in Five Words
Markets temporarily reversed following a message on X by Bill Ackman. The five word message, "We covered our bond short." With yields testing 5%, it;s a natural position to cover, but it's the implications that are both bullish for bonds and largely bearish for the market. (OXY, NEE, WPM, GDX, FXI, MARA, TLT).
Gamma Squeeze as Monsters of Tech UOA Rallies Market
A lot of bullish unusual option activity across the "Monsters of Tech" as traders look to create a gamma squeeze higher amidst a bevy of earnings announcements from the banking sector. Bearish UOA on USB and OZK points to a more uncertain outlook. (AMZN, MSFT, AMD, NVDA, RIOT, DQ, XRT, XLE, XOP)
Columbus Day Geopolitical Jitters Shrugged Off as USD Weakens
While the bond market remained closed on today's Columbus Day holiday, it was stocks that shrugged off the oil's bounce to finish higher. The levitation may disappear if bond market vigilantes come calling, but the dollar's weakness should be a wake-up call for the market and inflation. (OXY, URNM, KWEB, EWJ).
Bond Blowout Spills Over...What's Next?
Treasury bonds sold as yields reach new multi-year highs across the curve. Interest rate sensitive sectors sold off hard today in response as Utilities finished over 4% lower on the session. With Technology, Cyclicals and Communications finishing higher, let's talk about the market's next move.(SCHW, LQD, ALLY, NEE, XLU).