SPY Possible Double Head & Shoulders!
In today's video we look at the Head and Shoulders Pattern that has appeared on the SPY. Also, we discuss the pattern being a trend reversal and the admission of the Federal Reserve that the pattern is a viable trading pattern. In addition, we discuss the catalysts that will support the price pattern.
Should Bad Data Rally Markets?
This week there's been an onslaught of bad economic news which points to a recession. Yet the markets rally based on the belief that bad news is good news for the stock market. The Fed will have to cut rates to stabilize the economy. However, with inflation still running hot we are at a unique…
Bad News, Stocks Rally? Your Tuesday Update and Plan for the Week
We had another "bizzaro market" event today with much weaker than expected Consumer Confidence numbers helping boost stocks higher - and if it doesn't make sense on the surface, that's ok. In tonight's video, we discuss how the market interpreted the news through the perspective of the Federal Reserve and their ongoing Interest Rate policy…
Chinese Stocks Surge as Option Activity Explodes..Time to Fade?
Two consecutive days in the green had option traders looking to Chinese stocks for leadership. With Chinese stimulus efforts underway, is this the beginning of the next big rally or do you look to fade the rally? (KWEB, BABA, JD, ASHR, GOOGL, OXY, DIS, MET, CAG, XRT, PFE)
Volatility has Cracked this Market Wide Open!
-Has the AI Unwind Begun? -Bonds are a critical destabilizing factor -High correlation prevalent -Two-sided trade will remain -strong dollar could re-ignite inflation SPX Expected Move- -last week - 79.28 (expected move 5 day week) -next week - 66.85 (expected move 5 day week)
Did NVDA Call the Peak of the AI Craze?
In today's video we look at the high correlation between NVDA and AI stocks. We discuss the failed bullish continuation in NVDA and the expected bearish continuation of the AI cohorts. We analyzed the potential downside targets in the QQQ and broad market assuming the bearish trend continues.
The NVDA Aftermath!
The much anticipated NVDA earnings were released and blew away revenue and earnings expectations. Yet NVDA only went to the edge of it's expected move and so far has stayed inside it. The SPX will open tomorrow at the edge of the upper end of the weekly expected move. I'll be using this as…
Retail Earnings and Market Reactions: Planning an Active Week
We're seeing split outcomes after earnings in retail stocks, mainly Macy's (M) down 14% while Lowe's (LOW) rallied almost 4% today. Other major retail stocks are set to report this week but they'll likely be overshadowed by what happens with NVIDIA's (NVDA) earnings Wednesday after the bell. We also have a plan for the Fed…
Tech Leads, Energy Bleeds as Yields Test New Highs
High beta Technology shares surged today as Energy and Low volatility headed lower. This rotation happened as 10-year U.S. Treasury yields surged to 12-month highs and mortgage rates are at 2000 highs. Today's video put the rotation into perspective. (LOW, URA, TSLA,, CRWD, ARKK, XOP, SWN, TSM, M)
The Volatility Beast Rises
— China economic contagion — watch vol crush in rallies — tech is down but not out — volatility backwardation is close — a rally in bonds? — economic slowdown? oil takes a hit Get your trade on-- This week's Profits and Losses -Closed /MES calls 50% gain -Closed UAL in/out spread 55% gain -Opened…