Vaccine Seems So Far Away Later in this article, we will discuss the latest COVID-19 numbers. In this section, let's discuss the lockdowns. Lockdowns appear to be spreading like March. Except for the fact that we don’t have a fiscal stimulus coming. And we know the impact COVID-19 has in the short t
Tech Earnings Preview This is a huge week for the market as over 20% of the S P 500 market cap and over 45% of the Nasdaq 100 are set to announce earnings this week. That may sound like a lot of companies, but it’s not. Just five companies make up that amount of value! It
CSCO Unusual Option Activity Cisco saw its price fall over two percent on Tuesday as it broke its $37.60 support. The high volume selling masked a big day in the options market for the company. The juxtaposition of a falling share price and bullish option interest is an interesting combination as th
Monday Blues The stock market had a rough Monday, although it did rally solidly off its afternoon low. S P 500 fell 1.86%. It increased 1.06% from its low at 1:35PM. It’s fairly common to see the market bottom between 2:30 PM and 3:30 PM on big down days, but this bottom was earlier than usual.
New Home Sales Actually Miss Estimates The impossible happened. A housing data point missed estimates. New home sales in September fell from 994,000 to 959,000 which significantly missed estimates for 1.016 million and the lowest estimate which was 1 million. Furthermore, the August reading was revi
WFC Unusual Option Activity Report You wouldn’t typically be thinking bullish thoughts as a company like Wells Fargo Co (NYSE: WFC) falls 2.75% and is testing its 52-week low. However, these are not exactly normal times and WFC has been a significant underperformer within the banking space. The uniq
HOG Unusual Option Activity Report It appears that there may be some trepidation for Harley-Davidson Inc (NYSE: HOG) investors headed into tomorrow’s earnings report. The price closed above recent resistance on Friday near $29.50 but finds itself 4.2% lower early Monday. The company will announce th
Another Rally For Small Caps The stock market increased slightly on Friday as the small caps outperformed again. Trend has been in favor of banks because the yield curve has been steepening and the long bond has been selling off. This hasn’t exactly been bad for growth tech stocks. Yields aren’t hig
Spending By City Consumer spending isn’t correlated with the cities with the largest COVID-19 outbreaks. It’s more about the economic restrictions. That's not saying the economy would be fine without the restrictions. It's just looking at the data in the table below and comparing it to the spike in
KRE Unusual Option Activity Report During my daily classes on TheoTrade, I’ve been discussing the bullish option activity in regional banks for several weeks. Before the recent rally got started, there were several unusual option trades which were pointing to a bullish move. If you missed it, check
