Will Volatility Come Raging Back?
The S&P 500 meandered today around the upper edge of SPX Expected Move for the week. Is this just a breather to new highs or will the volatility return? Don answers that crucial question in today's video newsletter…
Market Pulls the Rug Again with Bullish Bounce - Your Updated Plan
Sellers had a strong chance to drop the market lower through key support levels, but alas the outcome was yet another one of the many bullish bounces from pullback lows in the market. In tonight's video, we update all critical price and target levels in the ongoing trend and highlight where the strength is coming…
Candlestick Patterns 101: Three Inside Up
With today’s huge reversal, a lot of stocks are establishing support over the past few days. That means today may be confirming the short-term reversal in the trend. With that in mind, it’s a good time to learn the Three inside Up candle pattern may be popping up a lot today. Let’s take a closer…
Market Edges Higher as Bonds Falter and Option Bears Come Out
Stocks found their way higher without the usual leadership as tech generally lagged. While staples and utilities led, it was bonds that were taken to the woodshed. As Treasuries largely gave back their gains from Friday, it was the options market that was pointing at more downside before the FOMC meeting next week…
Option Activity Points to Bearish Move in Bonds
The activity in the bond market has been mixed in recent weeks as the market tries to sort things out directionally. However, today it appears that there is a more alignment in the option interest against a bullish move in bonds. While I’ve been generally bullish on bonds since September 28, the potential for a…
Price Patterns 101: Diamond Bottoms
For some stocks, the sell-off has been a bit longer than others. In fact, today there has been relative outperformance among value-oriented names. If the market is to rally in the coming weeks to close 2021, this may be a theme that could readily play out. With that in mind, it’s important to be able…
Has the Great Market Unwind Begun?
-Mega market caps taking a hit -TSLA, NVDA, GOOGL. MSFT -Jobs number a huge miss -FED nixes “transitory", accelerates taper -Bonds go on the defensive Volatility Update— -/VX vol futures cross backwardation and back -VIX over 30 -VVIX in never never land -SKEW still rockin’ -expected moves and IV ranks explode Strategy Talk— -Buying calls…
Jobs Report, Market Bounce, and Apple (AAPL) Stands Alone Today
If you looked at the majority of stocks and sectors in the green today, you may have thought all was well and bullish in the market today - but Apple (AAPL) told another story. In tonight's video update, we prepare for Friday's Jobs Report and update our key market levels as we begin the new…
Is Cardinal Health (CAH) a Good Income Investment?
When the market gets in correction mode, hopefully it stokes the desire to seek out opportunities. One of the areas that can be fruitful are identifying income stocks, and what better list to start than the Dividend Aristocrats. One the stocks that is jumping out right now is Cardinal Health Inc (NYSE: CAH). Let’s explore…
What is the Bond Market Saying About Inflation?
Chairman Powell surprised the market in his testimony before Congress when he decided to eliminate “transitory” from being used with “inflation.” It seems like transitory has been used as a companion for so long that many believed it, until now. However, how often is the leadership at the Fed actually right in their forecasts? History…