Stocks Are On Fire
Yet Another Rally It appears that the stock market is now on a 3 day winning streak as it increased on Friday. And the stock market is on fire as it has risen 7.4% since September 23rd. Some people need to be reminded that the rally since the bottom on March 23rd isn’t normal. A 7.4%…
Slowdown Is Here - Stimulus Coming
Weakness In The Labor Market? Past jobless claims data was weak. When there is a weak report, it looks more like there hasn’t been much improvement in a couple months. If next week’s report is strong, it will look less like that, but there is no doubt in the past couple months the rate of…
Be on Your Game, Volatility is Far from Dead
Markets - What Me Worry----Buy the Stimulus Rumor, Sell the Stimulus Deal ?--Big, Bad, and Binary--we are a tweet away from greatness or destruction Large Daily Ranges have NOT Abated--stay focused on your risk, wrap your deltas tight--assumption this bounce can fade at any point Shell Game--Russell has led the indices--NASDAQ comes alive--financials and energy…
Endless Rally On Stimulus Without Anything Passing
Another Small Cap Rally The stock market is getting close to being overbought again which is amazing because a few weeks ago the market was down 10%. It’s amazing how many days the market can rally on the potential for a stimulus. This reminds us of when the market would rally on trade talks without…
Uninspiring Jobless Claims Report
Not The Best Jobless Claims Report The jobless claims report from the week of October 3rd wasn’t that great probably because many businesses are on their last legs. Independent movie theaters are going bust now. COVID-19 situation is about to get a lot better. But that doesn’t help small businesses that have been hanging on for…
Energy Sector Finds a Flurry of Bullish Option Activity
Unusual Option Activity Report Bullish unusual option activity in the energy sector was flourishing on Thursday. Bullish option activity appeared in the Energy Select Sector SPDR® Fund (NYSEARCA: XLE) many other stocks in the sector. This space is very oversold and might be signaling a strong bounce off support in the coming weeks. What’s Up…
Expected Move to Play Heavily into Market's Next Move
Markets closed right at their weekly expected move prices Thursday, setting up a clear inflection point for Friday and into next week. In tonight's video, Corey pinpoints all current Expected Moves in the markets and highlights which stocks are strengthening along with the market…
Windshield Wiper Stock Market Could End Soon
Rally Redo Wednesday was a redo of Tuesday’s rally except without the crash at the end of the day. A big difference was that this time tech stocks outperformed. They made up for their underperformance on the day before. This entire crash was based on President Trump tweets. It’s starting to not matter if a…
Fed Pleas For A Fiscal Stimulus
September Fed Minutes Fed’s Minutes from the September meeting were released on Wednesday. These Minutes stated, “Many participants noted that their economic outlook assumed additional fiscal support and that if future fiscal support was significantly smaller or arrived significantly later than they expected, the pace of the recovery could be slower than anticipated.” Fed strongly…
Option Activity Finds 3-D Printing
Unusual Option Activity Report It has been a nice week so far for companies involved in 3-D printing. SmileDirectClub Inc (NASDAQ: SDC) and 3D Systems Corporation (NYSE: DDD) both saw unusual option activity on Wednesday as their share price surged 7.28% and 18.44%, respectively. 3-D Printing Option Activity SmileDirectClub Inc (NASDAQ: SDC) SmileDirectClub isn’t exactly…