Market Struggles with Inflation as we Prepare for Key Financial Earnings This Week
Stocks reversed course today, closing weak again Tuesday afternoon after another high CPI report confirmed we continue to see high inflation. Although the initial reaction was bullish, stocks sold off to new lows by the closing bell. Key stocks, financial including two on Wednesday and five on Thursday could add both volatility and clarity as…
Banks on the Earnings Deck as Energy is Behind in the Count...Strikeout?
It's going to be a big week for banks as earnings season gets into full swing this week. As financials look to establish themselves in a rising rate market, it's energy stocks that led the market down today. As the term structure of oil futures flattens, is this the beginning of the end of the…
Calm before the storm for crypto volatility, says Don Kaufman on CoinDesk TV
TheoTrade Co-Founder Don Kaufman shares his crypto markets update on CoinDesk TV as BTC drops to $43,000. Don discusses the correlation between bitcoin and the S&P 500, Nasdaq. Don also discusses why he believes right now is the “calm before the storm” for crypto volatility. ***transcript below*** Christine Lee: All right, join us now to…
Is the Market at a Crossroad?
Headwinds continue to accumulate: --Holding on the edge of Expected Move --Dollar breaks out --Bonds are breaking apart (data dependent) --Forget yield curve inversion, rates are soaring! --Lack of correlation --Playing the sector rotation game Position Updates: --Selling premium --Long Dollar --XLU --SLV SPX Expected Move --last week-- 74.83 (expected move) --next week--…
Back to the Middle of the Middle Ahead of Financial Earnings Next Week
We continue to see the market caught in the "middle of the middle" of a wide volatile trading range as framed from the daily chart. In today's video, we set the stage for next week's beginning of key financial companies reporting earnings and pinpoint some surprising stocks both outperforming the market at new all-time highs,…
95 Billion Reasons to Sell?
The FOMC provides guidance on how they are going to reduce the balance sheet. The market digested the hawkish news well. However, we are sitting right on the edge of the weekly expected move in the SPX. The next 2 days are crucial to see if that level holds. What happens next can determine the…
Your Price Level and Strong Stock Update Plan before the Fed Minutes
Wednesday will give us the "Fed Minutes" or deeper insights from the Federal Reserve on the state of the economy and the impact of inflation along with any more aggressive shift toward future rate hikes. In today's sessions, Treasury Yields spikes as bonds made fresh new 2022 lows in a continued downtrend. In tonight's video,…
Musk-Fueled Rally on TWTR Announcement Furthers the Squeeze
Elon Musk announced a 9.2% stake in TWTR totaling $2.89B. The news sent TWTR surging over 27% during the session. While the S&P 500 finished 0.88% higher on the session, it was the most-shorted names that regained their posture after fizzling on Friday (FCEL, NNOX, PLUG, GPS, FSR, ATER, COOP).
A Market of Indecision Paints Risk for Bulls and Bears
All eyes on bond markets-- --inversion of the yield curve --rate hikes and probabilities --will the FED have time to tighten? Positions-- --Commodities and Dollar --Home Builders --Financials --Utilities SPX Expected Move --last week-- 88.65 (expected move) --next week-- 74.83 (expected move)
Market Finally Sells-Off ahead of the Friday Jobs Report - What We're Seeing Now
Stocks did sell-off sharply from the upper weekly expected moves in equity futures and some key stocks. In tonight's video, we pinpoint downside targets (one of which was achieved today) and future plays for a deeper pullback in price. We also set the stage for what to watch in Friday morning's monthly Jobs Report which…