Since its March 2020 low, Plug Power has risen around 1000%. That amount of movement is profound and places new investors on the outside wondering, where is it going from here? This will typically leave the optimists with rose-colored glasses chomping at the bit to enter the fray. They’ve likely bee
Another Rally For Tech Small Caps The usual foes, which are small caps and large cap tech, joined together to rally on Thursday in spite of the weak jobless claims report and stalled stimulus talks. The good news was the FDA took a step towards approving Pfizer’s vaccine. At this point, if the FDA
Jobless Claims Spike Recent estimates only called for a modest increase in initial claims. I said that was wrong. The economy is weakening. The decline in the prior week was because of Thanksgiving. It’s impossible for the labor market not to slow when states are adding restrictions. The deaths per
Stocks Finally Fall The stock market finally fell as the large cap growth stocks led the market lower on Wednesday. The headlines said the market fell because the stimulus talks hit a snag. That’s probably wrong because usually value stocks fall on that news not growth stocks. The 10 year bond yield
Trouble For Congress Did anyone think it would be that easy for the government to pass a stimulus? The Republican proposal is $8 billion more than the bipartisan agreement. Plus, it got rid of liability protection, but that wasn’t enough for the Dems because the GOP got rid of the part of the plan w
One the indicators that we look at closely at TheoTrade is when the VVIX crosses over into the “Vomma Zone.” Now, you’ve probably never heard of the Vomma Zone and you may not have heard of the VVIX. However, this is a key indication of potential volatility in the S P 500 around the corner. This
Bond ETF Unusual Option Activity Report As market makers were deliberating what price to open DoorDash Inc (NYSE: DASH) this morning, the bond market was giving a much different signal. Bond ETFs were seeing significant bearish option interest across corporate and U.S. Treasuries. The exuberance for
No One Can Believe This This market is unlike anything many have ever seen. Only people who invested from 1998 to 2000 have experienced anything similar. It’s like the 2018-19 marijuana bubble except it’s a much larger portion of the market. On Tuesday, the Nasdaq 100 was up 34 basis points; it’s on
Is The Economy Weakening? Everyone would normally want to know if the economy was weakening and by how much. However, traders have moved on to the post-COVID-19 economy. Frankly, we thought they would move on a few months earlier. This market has become very short term oriented which sort of makes i
Airline Unusual Option Activity Report There’s nothing worse than having your airline flight cancelled during the holidays. You’re at the terminal and ready to board amidst falling snow, and then the call comes…flight cancelled. There are many movies that start out that way as stranded passengers sc
