Is the Market at a Crossroad?
Headwinds continue to accumulate: --Holding on the edge of Expected Move --Dollar breaks out --Bonds are breaking apart (data dependent) --Forget yield curve inversion, rates are soaring! --Lack of correlation --Playing the sector rotation game Position Updates: --Selling premium --Long Dollar --XLU --SLV SPX Expected Move --last week-- 74.83 (expected move) --next week--…
Back to the Middle of the Middle Ahead of Financial Earnings Next Week
We continue to see the market caught in the "middle of the middle" of a wide volatile trading range as framed from the daily chart. In today's video, we set the stage for next week's beginning of key financial companies reporting earnings and pinpoint some surprising stocks both outperforming the market at new all-time highs,…
95 Billion Reasons to Sell?
The FOMC provides guidance on how they are going to reduce the balance sheet. The market digested the hawkish news well. However, we are sitting right on the edge of the weekly expected move in the SPX. The next 2 days are crucial to see if that level holds. What happens next can determine the…
Your Price Level and Strong Stock Update Plan before the Fed Minutes
Wednesday will give us the "Fed Minutes" or deeper insights from the Federal Reserve on the state of the economy and the impact of inflation along with any more aggressive shift toward future rate hikes. In today's sessions, Treasury Yields spikes as bonds made fresh new 2022 lows in a continued downtrend. In tonight's video,…
Musk-Fueled Rally on TWTR Announcement Furthers the Squeeze
Elon Musk announced a 9.2% stake in TWTR totaling $2.89B. The news sent TWTR surging over 27% during the session. While the S&P 500 finished 0.88% higher on the session, it was the most-shorted names that regained their posture after fizzling on Friday (FCEL, NNOX, PLUG, GPS, FSR, ATER, COOP).
A Market of Indecision Paints Risk for Bulls and Bears
All eyes on bond markets-- --inversion of the yield curve --rate hikes and probabilities --will the FED have time to tighten? Positions-- --Commodities and Dollar --Home Builders --Financials --Utilities SPX Expected Move --last week-- 88.65 (expected move) --next week-- 74.83 (expected move)
Market Finally Sells-Off ahead of the Friday Jobs Report - What We're Seeing Now
Stocks did sell-off sharply from the upper weekly expected moves in equity futures and some key stocks. In tonight's video, we pinpoint downside targets (one of which was achieved today) and future plays for a deeper pullback in price. We also set the stage for what to watch in Friday morning's monthly Jobs Report which…
Will the Bears Return to the Market?
With the yield curve inverting, is this a sign that bears are going to come back into the market? Here's a dive into the yield curve, why you should be paying attention to it, and what it means for the tech and financial sector.
Stocks Continue Strong Rally as Oil and Gold Fall
Today continued the bullish bounce or recovery higher and you may be surprised to see which automotive stock led the pack today - no, it's not Tesla (TSLA) for once. Stocks were strong all day with the Small Cap Russell 2000 (IWM) leading the equity futures higher as both Oil and Gold traded lower. Which…
TSLA Steals the Show as S&P Finishes Near Pivotal Level
TSLA surges 8% on stock split plans as a Chinese plant shuts down due to COVID. Quantumscape breaks out as the forever battery company looks to produce a workable solid state battery...someday. RKT, APP, and RL pop on unusual option activity. XRT sees surge in long put activity.