Extreme Mania Speculation In QQQ Calls
Another Big Factor Day There have been a few days where tech has underperformed in this recovery from the early September correction. Tuesday was different as the speculative tech stocks had a great day. Nasdaq was up 1.2%, while the S&P 500 was up 0.5%. Russell 2000 was only up 8 basis points. Most stocks…
Disappointing Industrial Production and Manufacturing
Phase 2 Incoming With the latest RedBook retail sales report, we can now say the consumer is faltering as spending growth fell from -0.1% to -1.2% in the week of September 12th. An increasing number of states are giving out the $300 in weekly benefits which should be a positive. A max payout for the…
Support Holds for Now as we Await the Fed
The market bounced up off the "scene of the crime" or key support level on the daily chart as buyers bought yet another support dip. Will it continue? What stocks are we highlighting in tonight's "Strong Stocks Getting Stronger" list and how will the Fed shake up the game on Wednesday? Join Corey for tonight's…
Extreme Options Activity Could Cause A Tech Crash
Big Monday Rally Monday’s have almost always been positive this summer. This Monday didn’t disappoint as there was a major rally in the small caps especially. Russell 2000 was up 2.6%, while the Nasdaq and S&P 500 rose 1.87% and 1.27%. Prior to September, it was very rare for the Nasdaq to underperform small caps. …
Fed Not Even Close To Guiding For Rate Hikes
Fed Meeting Coming Fed’s September meeting is on Wednesday. We all don’t expect the Fed to raise rates for the next year at least, so it’s obviously not going to do so this week. In fact, you can't find anyone who thinks the Fed will raise rates at this meeting. The chart below shows Cornerstone…
Sell the Market Rally?
The drivers of the marketplace that led the market to new all time highs were not participating in today's rally. Should you be concerned? Watch tonight's crucial video update to find out…
Factor Rotation Hasn’t Happened Yet
Growth Investors Aren’t Scared It’s safe to say this correction hasn’t gone the way value investors envisioned it would when they expected one in late August. Large cap growth firms have underperformed the market, but small cap value has still fallen. This has been a wide reaching correction. Tech stocks are no longer the flight…
Economic Reopening Continues In Earnest
Economy Normalizes The economy normalizedquickly from lockdown to neutral from March to mid-June as shown in the chart below. Interestingly, the opening of the economy started slowing a week after the cyclical stocks peaked on June 8th. The stock market probably predicted this change by looking at the rate of change of new COVID-19 cases.…
Volatility Lower, Market Lower? We have a problem
Volatility lower with market lower--VIX, SPX--VVIX Volume dropping on stocks selling off--AAPL--FB--AMZN--TSLA Selling has not really kicked in... volatility says so! Do NOT Buy the Market Dips opportunities ?--XLU--HYG Hitting the Expected MoveSPX Expected Move--last week-- 107.71 (expected move)--next week-- 99.75
Correction Still Not Over
Correction Not Over (But Tesla Rallies) Just because the stock market rebounded, doesn’t mean the correction is over. Sure enough, there was a selloff on Thursday with the S&P 500 falling 1.76%. Nasdaq fell 1.99% and the Russell 2000 fell 1.23%. Tech stocks underperformed, but not by as much as most thought they would. Apple…