Candlestick Patterns 101: Three White Soldiers
Is there a more bullish sounding name than three white soldiers? Now, with modern charting packages, you can make your soldiers whatever color you want, but the point is that the real body is hollow, thus taking on the background color of your chart. With the price opening lower and ending higher, it demonstrative of…
Good Earnings Going Bad?
-rough start to tech earnings -snap ad revenue drags down big tech -financials and energy hold markets together -inflationary signs are everywhere -are market accepting higher rates? -volatility contango is massive -VIX Vol Spreads SPX Expected Move --last week-- 61.46 (expected move) --next week-- 54.08
Two Big Earning Drops - Which Tech Stocks are Falling after the Close and What's Ahead?
Tesla (TSLA) reported earnings yesterday and shares surged higher this morning, snapping an evening sell-off to close near all-time highs. But it's not all bullish for two technology stocks after the close today. Which stocks are falling sharply and what major tech names are set to report next week? Find out in tonight's evening update!
On the Edge of Expected Move
Stock rally back to near all time highs and hit the upper edge of the weekly expected move with 2 days to spare. This seems like an inflection point for the market. Stocks could rip higher or back off in the next 2 days. Here's what to look for...
Tech Earnings Bonanza - NFLX and TSLA Report as Stocks Rally Higher
In tonight's evening video, we focus on Netflix (NFLX) earnings - its report and the market reaction - along with upcoming earnings in other key stocks including Tesla (TSLA) tomorrow. We also plot key levels in our main equity indexes along with the new lows trading in Bonds. Update your levels in tonight's video.
Stagflation, It’s More Than a ‘High Class Problem’
Inflation is becoming increasingly felt by consumers as prices have been rising at or near historic rates. As a result, the term stagflation is becoming part of the public discourse. Of course, former Obama administration economist, Jason Furman, took some heat for tweeting that current inflationary conditions are a “high class problem.” That has put…
Cyclicals and Retail Find Support as Utilities and Healthcare Lag
As we passed through a significant option expiration on Friday, it was going to be interesting to see how the market responded. After a shaky start, cyclicals, technology and communication led (FB, PLUG, WMT, AMD). With a rising 10-year, Utilities lagged all sectors along with healthcare and Staples.
Candlestick Patterns 101: Bullish Engulfing
After a weak open, the market appears to be rallying to a higher high today compared to last Friday. The type of pattern is fairly common and is a bullish indication. The pattern is called a bullish engulfing because the real body is “engulfing” the previous period’s body. Today’s continuation following last Thursday and Friday’s…
Fear or Embrace the Rally?
Market Risk Factors-- -bank earnings excellent, will tech and retail fair as well? (supply chain) -oil and energy pricing at extremes -bonds/rates continue to be threatening factor -FED tapering is coming -dollar backs off nominally -massive volatility crush but only in the near term! -SKEW coming back Trading -- -buy volatility when you can! -long…
Earnings and Today's Bullish Bounce in Play
Today brought a large number of leading stocks, mostly financial names, reporting earnings and it was a mixed bag. Nevertheless, stocks bounced strongly higher to end the day up almost 2% which continues the "middle of the middle" which is where the day closed on the daily charts. In tonight's video, we pinpoint which sectors…