Trapped in a Range! Planning the Risk and Reward of the Next Breakout
Today's session continued the whipsaw price action we've seen over the last few trading days as we remain within a compressed price range especially on the daily and hourly chart. In tonight's video, we continue planning the risks and rewards of a future breakout of this range along with which stocks could be the leading…
AMZN Stock Split not Enough to Carry...Where's Goldilocks?
Amazon Inc (NASDAQ: AMZN) 20:1 stock split generated a lot of option activity today, but finished well off of its high. The lack of momentum carried over to the broad market as well as they finished just off it the lows. The lack of ability for an innocuous event like a split to create much…
Should We Fear Market Complacency?
Complacency in the midst of selling-- --Low SKEW implications --VVIX back to 2020 lows --VIX cannot catch a bid? --lack of hedging, what does the market know? Examining Asset Classes-- --Sector ETFs --metals --oil / energy --crypto hanging on by a thread --bonds, notes and rates SPX Expected Move-- --last week-- 100.19 …
Surprises from Costco (COST) and Microsoft (MSFT) ahead of Friday's Big Jobs Report: Your Plan of Action
While not necessarily reporting earnings, companies Costco (COST) and Microsoft (MSFT) issued guidance today that surprised the market - and not necessarily in the direction you'd think. In tonight's video, we highlight what drove the equity rally, which stocks (and a key sector) underperformed the bullishness, and what catalyst the Friday morning Jobs Report (Nonfarm…
What to Trade the Inversion of the Yield Curve?
Here's how to trade the potential yield curve inversion.
Fed on the QT. What Does that Mean for the Bulls?
The Federal Reserve is about to start its quantitative tightening (QT) plan. Looking at their balance sheet, it made a tick lower last week as their plans to wind things down is about to begin. While reducing the monetary stock may have a negative impact for risk assets, it's inflation that they will have trouble…
Quintessential Bear Market Rally?
Markets filled with conflict and chaos-- -Short covering sparks rally -Markets got its groove back? -Real buyers? -Two times SPX Expected Move -Bear market rallies are violent -Gravity /ES 4211 and 3931 -NVDA, COST caught up in the rally Lack of Hedging? -- -Skew extremely low -VIX -VVIX Positioning-- -Energy- oil 115 in a slowing…
A Retail Rally and Costco (COST) Earnings
Today began with a recovery in Nvidia (NVDA) shares after yesterday's earnings announcement and we end today with a post-market reaction in retail stock Costco (COST) as they report earnings - will it share the same fate Friday as NVDA? Beyond the earnings, retail stocks bounced back strongly today with Tesla (TSLA) and Amazon (AMZN)…
Problems for Upcoming Russian Bond Payments, Says Don Kaufman
The U.S. doesn't want Russia to pay American investors in U.S. dollars, pushing the country toward default. Russia says it wants to pay in rubles instead. But things aren't that simple. Don Kaufman, TheoTrade’s Chief Market Strategist, says that most of these bonds don’t allow repayment in rubles. See Don’s comments in the full NTD…
Hawkish FED and NVDA Looms Large!
Stocks get a mild rally as indecision grips the market. NVDA came out with earnings that beat expectations, but lacked guidance sending the stock even lower. When you stop and think about it NVDA, one of the titans of tech, has lost an astonishing $500 billion in market cap in the last 6 months. Is…