Holiday Spending Plot Twist As Traders Buck Data
According to Mastercard SpendingPulse, online spending for the expanded holiday season from October 11 to December 24 increased 49% from last year. That’s a significant but not exactly surprising shift from traditional brick and mortar, in-store spending. The online spending realities helped lift Amazon, Inc (NASDAQ: AMZN) nearly 4% on Monday. While shoppers shopped early…
The Quest for Gamma Squeeze is On
The Quest for Gamma Squeezes is On! A wild start to the week ends Massively unchanged Tesla’s volatility is dead Rona relief Bill places limitations on the FED —$429 billion in uncommitted funds are rescinded and five of the Fed’s programs, most obviously the Main Street Lending Program, will cease operation December 31, 2021. Brexit-…
Santa Claus Rally for Auld Lang Syne
The Santa Claus rally has a long tradition dating back to 1969. This the period from the last week of December to the first two trading days of January. The bullish tradition has been long-standing, and the question remains about what 2020 will bring. Many are hoping for that tradition to continue for old times…
Risky Stocks Go Parabolic
A Year For Retail Investors This was an interesting year because typically individual investors have very poor returns, but in 2020 their favorites trounced the index. Retail investors barely make money on average. The concept of even matching the market is foreign to them. Few usually beat the S&P 500 which is similar to the…
New Record High In Wages and Salaries
Income & Consumption Fall The November PCE report came out a couple days early because of Christmas. It’s in line with the other data we’ve gotten which shows November wasn’t a great month for consumer spending. As you can see from the chart below, real personal incomes excluding benefits from the government are back below…
Headline Risk: The Gift that Keeps on Giving
Stimulus, Brexit, Economic events, randomness! All keep us on our toes! With the end of the year in play and holidays approaching quickly, it's ongoing headline risk that's keeping the market active and our positions hedged for whatever comes next. Are you prepared? We don't have to know what's about to happen, nor can we,…
Option Traders Find Bullish Stocking Stuffers to End 2020
Christmas Unusual Option Activity Report As Christmas fast approaches and 2021 is almost a reality, option traders are doing last minute shopping. These “stocking stuffers’ are plays that are looking for a positive move by New Year’s Eve. While it’s impossible to know which publicly traded companies are on Santa’s list, these large option trades…
The Stock Mania Goes Vertical
Still A Bubble The past few days have been mixed for stocks, but there is still a ton of speculation in the market. The biggest example of this speculation is in Apple stock. Apple was up 2.9% which put it just 1.7% below its record high. It rose on the story that it will have…
Consumers Don’t Like What They See?
Redbook Sales Growth Bumps Up Redbook spending growth in the week of December 19th rose from 2.5% to 6.5%. That’s actually a good reading. It had been in the low single digits for a while. If it can stay in the mid-single digits, it will be a positive sign. As for now, it’s just 1 week…
Holiday Week Trending Stock and Tech Stock Update
We continue the bullish holiday drift in the broader market as 2020 rushes to a close. In tonight's video, Corey highlights the strongly trending stocks making new highs and then discusses the picture and price levels setting up for trades in leading tech stocks in play…