Your Big Market Update ahead of the Friday Jobs Report
Tomorrow morning gives us the big monthly Jobs Report or Employment Status as we start trading and framing a new month. In tonight's video, we pinpoint our key make-or-break price levels and tactics for the broader indexes and then step inside the top 6 largest market cap stocks for planning their key levels beyond Friday's…
Candlestick Patterns 101: Abandoned Baby (Bearish)
If there is one thing that the current market is providing, it’s a lot of rarities. With today’s gap and tomorrow’s employment report, the potential that Abandoned Baby candle patterns may appear in abundance is pretty high. With so many stocks that have gapped and are forming tight ranges and small real bodies, a gap…
The Options Market Building Bullish Case for Gold Stocks
If there is one thing that gold and gold stocks like, it’s stagflation. Stagflation is when growth is flagging, and debt and monetization are rising. While the Fed is on the path of tightening in the coming year, the spigot is still open and the raising of the debt ceiling is certainly not deflationary. With…
How to Buy Dips and Not Get Crushed
The stock market has been on a roller coaster ride this week with massive intraday moves. Here's a way to take a directional bias without getting your head lopped off…
Candlestick Patterns 101: Stick Sandwich
If you’ve been following what’s been happening in the S&P 500 over the past week, it looks like it’s sandwiched between a rock and a hard place. In candlestick terms, it’s referred to as a Stick Sandwich. The initial sandwich that began on September 30 has added more toppings in the last couple days compared…
IYR Option Activity Shows Renewed Bearish Interest
If you were following iShares US Real Estate ETF (NYSEARCA: IYR) you likely noticed a large option trade that included two expirations and 4 strikes. This type of trade isn’t unusual, but it is significant because of its size and direction. We’ll take a closer look at the trade in just a moment, but to…
Yields, Energy, and Stocks: Your Update for What's in Play Now
We're continuing to watch how yields are affecting the stock market and potentially the broader economy along with the quick rise in energy prices and stocks related to the energy sector. In tonight's video, we pinpoint what levels continue to be in play and why we're being careful at current levels. Also there's a surprise…
Another Mixed Bag for the S&P 500 as FB and AMZN Falter and TSLA and Utilities Bid
The S&P 500 finished off the lows of the session, but didn't get any help from the Monsters of Tech. The outage and whistleblower for Facebook Inc (NASDAQ: FB) proved too much for the bulls and Amazon.com Inc (NASDAQ: AMZN) tested it's August support. While those names were being sold, Tesla Inc (NASDAQ: TSLA) closed…
Markets Have Hit A Serious Volatility Inflection Point
Risk has Enveloped the Markets-- --Dollar breaks-out --Bonds have become a double edge sword --where's the implied volatility spike? --SKEW softens --front month premium low relative to movement --dynamics of professional trade in volatility Sector Analysis- --monsters of tech underperform --financials feel impacts of rate changes --energy is the gainer but that may change --focus…
Candlestick Patterns 101: Bullish Breakaway
Sometimes you experience a significant amount of selling, only to find buyers rush in. That should sound relatively familiar after what we experienced this past week. There probably isn’t a more representative candlestick pattern than a Bullish Breakaway. Bullish Breakaway Basics As you’ll see in the description, Bullish Breakaway’s aren’t the most common pattern. However,…