Earnings Aftermath and Fed Day Fallout in Markets Today
We had a wild and volatile trading session where financial stocks rallied strongly along with most stocks in the market but technology, and our leading "Monsters of Tech" stocks, traded much lower, ending the day deep in the red. In tonight's video, we highlight the aftermath of both the Fed Day Wednesday and a couple…
Candlestick Patterns 101: Doji (Southern)
The SPDR S&P 500 ETF Trust (NYSEARCA: SPY) nearly formed a doji yesterday as the close was only slightly higher than the open. The early indication of balance reversed following the FOMC policy statement today. That's the early indication this pattern can provide. It's about balance after a sell-off and the exhaustion as the price…
Sell The Rumor Buy the FED?
The market rallies today as rumors of rate hikes and tapered bond buying proved to be true, at least for the time being. Join Don, in tonight's video, as he digs into the details of the trade action that took place after the FOMC announcement and what we can expect for the remainder of this…
Ford Option Bears are Rollin’ Out!
If you’ve been following Ford Motor Company (NYSE: F), you know that it’s performed very well since mid-September. On Friday of last week, the stock also staged a significant breakout when it closed at the highest price in over 10 years! If you’re bearish, what do you no when your puts have moved further out-of-the-money?…
Are You Prepared for the Final FED Day of 2021?
We're almost there! The final Federal Reserve meeting of 2021 is Wednesday and it could be a catalyst for big market movement to break us out of ongoing sideways trading ranges in the markets. In tonight's video we pinpoint these key price levels and how trades are based around them and what the Fed could…
Markets Get Defensive Ahead of Wednesday's FOMC
It was a cadry of interest rate sensitive sectors that led today as the U.S. Treasury market rallied on Monday. Not exactly the inflationary picture that is driving the more hawkishly toned Fed to tighten a more quickly. Of course, that result will be known on Wednesday, but the positioning in the stock and bond…
Options Market Eyes GDX Ahead of Seasonal Trend in Gold
Back on October 7, I wrote a blog post on the potential move in gold stocks. That indication came from the options market. As size comes into the options on an ETF like the VanEck Gold Miners ETF (NYSEARCA: GDX) it’s historically been a good time to watch gold and gold stocks. Well, guess what?…
Should You Fight the Fed?
-mega market cap led market move -A tale of two markets -64% of 23% YTD gain in Nasdaq (3780 stocks) down to just 5 stocks Microsoft/Google/Apple/Nvidia/Tesla -Risk/Reward in jeopardy -Federal Reserve meets Untamed Inflation -Bid Back or Fed Taper Smack - watch rates! SPX Expected Move -- --last week -- 157.12 (expected move) --next week--…
Three Outside Down
What goes up, must come down…right? With stocks that’s generally the case and for the Three Outside Down candle pattern that is the signal. The idea of an outside day resulting in a downside move is a strong indication of a potential move lower. With the market near highs and wavering, this pattern may be…
Earnings Bonanza! Your Guide to Friday's Specific Price Levels for Earnings Plays
Thursday afternoon gave us a variety of earnings plays for aggressive traders, and key price target levels to set potential reversal trades for Friday's trading day. What are the levels and what's moving after the close today? Find out and update your price targets for Costco (COST) and others in tonight's video…