Tech Stocks Pull Market Lower as Bonds Fall - Holiday Update
Today's session saw additional new 52 week lows in some key stocks, sinking the NASDAQ to a decline of over 1% while the broader market was flat. Bonds pushed fell lower with the TLT losing 2% in a single session (as rates climbed again). Here's your market update and sector check-up as we trade the…
Back to the Volatility Hurt Locker?
-volatility hurt locker! /ES 3800-3600 -focus shifts to AAPL (forget TSLA) -bonds backing (rates up) off but for how long? -financials will take damage if markets progress lower -do not look for surges in volatility... not yet! Get your trade on-- This week's Profits and Losses -closed all /ES options inventory with over 50% gains…
Bulls Freeze and Bears Thrive in the Cold
In tonight’s video we discuss the resilient economy freezing out the bulls while the bears thrive. Strong consumer confidence and a better than expected GDP has investors pricing in further Fed rate hikes in 2023 which equates to higher borrowing costs and delayed slowdown in demand.
Is this all Santa has to Offer Markets?
Holiday tape has the markets bouncing higher, but the overall bearish theme remains. Here's a few stocks to watch for their next move lower. Plus the one stock so beaten up that I'm starting getting long...
Two Retail Earnings and Two New Lows - XLY and Retail in Focus
While we could see a lighter volume/volatility week, key retail names are in focus (with two after-hour earnings plays) while two major names cracked the XLY ETF to fresh new 2022 lows - could the market be next? In tonight's video we highlight these two "weak stocks getting much weaker" at lows and how they're…
S&P Falters as Large Print Hits Late in Session: Time to Get Bullish?
On a light day for data, the S&P 500 grinded near lows as the bounce failed to materialize. The hangover from the Fed's statement last week clearly hasn't cleared and questions abound over how the market will end the year. The large print on the SPY may give us some guidance on that front (NKE,…
Are Markets Saying Something About a Recession?
- CPI & FED - Big, Bad and Binary Movement! - 3931 held up through the roll - Have markets priced in a recession? - Confused trade in bonds - Volatility or lack thereof but SKEWs back! - Does Xmas stop the selling? - High prob of back to the VOL BOX! Get your trade…
A Fall After the Fed
In today's TheoTrade Night Video, we discussed the fall in equities after the Federal Reserve rate hike and press conference. We also discussed the rate hikes from the Bank of England, European Central Bank, and Swiss National Bank. We looked forward to service and manufacturing Purchasing Managers Index reporting tomorrow morning which is signaling economic…
Fed Funds Fall-out: Your Instant Guide to the Fed and the Markets
The Federal Reserve raised the Fed Funds rate benchmark 50 basis points as expected, but it was their forward guidance about the future of the rate that sent stocks rapidly lower. In tonight's video, we highlight the fall-out across the markets - including bonds, Gold, Oil, Silver, and the US Dollar Index - and what…
Are You Afraid of the FED Monster?
CPI numbers came out soft sparking a major rally and then the whole rally from when CPI came out was reversed. The S&P is in the middle of 2 key levels and yes there's a chance we could hit the upper and lower level this week. FOMC event is tomorrow with all ears focused on…