Market Drifts Ahead of NVDA Earnings as Anti-Dollar Plays Rise
The S&P 500 finished barely in the green and was led by the technology sector ahead of a pivotal earnings announcement from $NVDA on Wednesday after the close. With an $82 expected move for this week, expect some significant volatility! Aside from NVDA lifting the market today, it was gold, silver and Bitcoin miners seeing…
What Comes Next Could Define Markets for Years
--nothing but CPI --NVDA a defining moment for the AI trade --gold and silver --bond markets --cocktail for volatility --do not be a vol starved animal SPX Expected Move -- --last week -- 67.29 (5--day expected move) --next week-- (5--day expected move)
An Industrial Revolution and a Run on Banks: Two Sectors in Play Right Now
All three major indexes closed at all-time highs… but the way I see it, today’s breakout is a little questionable. I’ll show you why in a second. But the fact is, the S&P 500 is moving higher; some sectors are getting weaker, others are getting stronger. The next session or two will really tell the…
Markets Rip Higher, But Inflation Is Far from Dead
The SPX was up around $58 just before the close today. The market loved the CPI numbers (I don’t see what there is to love about them; they came in as expected but 3.4% is still high) and took us right to the upper edge of the expected move. Now, if you remember, last week…
Don’t Be Distracted by Meme-Stock Mania… Again
Everything old is new again. GameStop (GME) and AMC Theaters (AMC) the two quintessential tickers from the 2021 meme-stock craze - are soaring again on the “strength” of… Internet buzz. Nevermind the fact that neither of these stocks are anywhere near their 2021 highs - this is a distraction, pure and simple. Know what isn’t…
How to Find the Next GameStop (GME) “Squeeze” Play
The S&P 500 faded today ahead of a looming raft of inflation data we’ll see over the next few days. In my view, given the recent strength of the market, traders seem to have bought the rumor… and are now poised to sell the news. The result, for the moment, is a flat market. That…
If You Thought Markets Sucked This Week… You’re Right!
If you love it when stocks don’t move and nothing makes sense, you probably had a blast this week… For everyone else, yours truly included, the markets were just… terrible. I mean, they sucked. Or worse. As a trader, you want to see two-sided trades, action. We did not get that. Instead we’re straight up,…
How Retail Could Get Ravaged
The money supply is on the move, that’s for sure… but not into consumers’ pockets. Industrials, as tracked by the SPDR XLI ETF are up more than 24% over the past six months. Aerospace and defense, as tracked by the iShares ITA ETF are up nearly 20% in the same six-month timeframe. That’s growth. Those…
The Expected Move Is Keeping Markets Here… But Volatility Lurks
A market like this, where stocks move a little higher and then gently drift lower, can be really deceptive. There’s not much you can read into a market that’s down… a point. Financials are down a little, tech is all over the place and news-driven, energy is massively unchanged… The advance/decline line is… slop-tastic. It’d…
Stocks Jumped Their First Hurdle - Here’s How They Can Clear the Next One
I was singing a decidedly cautious tune last week, especially compared to the week before… But then, on Friday, a very weak payroll report slammed a strong bid under stocks. Bad news is good news (again). Market players hope the sign of a softening economy will mean a more dovish Fed in the near future.…