Second Wave of Selling?
Ranges are a rockin' Volatility Speaks SPX options have daily expirations this week Sector Rotations and Expected Moves--XLF, IWM, QQQ, XLE, XLV Big Tech still outperforming FB damaged goods NKE bombed how bout LULU SPX Expected Move--last week-- 112.76 (expected move)--next week-- 101.00 Forward look--know the calendar--watch the wild ranges--gravity points coming back in play
Warren Buffett’s Portfolio On The Cheap
Strong Last Hour Rally Thursday was a throwback to the last bull market in which the stock market always seemed to rally at the end of the day. There is a famous Twitter account that is named after the 3:30 PM rallies. In the past few months, we’ve been noticing spikes in the AM futures…
Another Bad Jobless Claims Report
Another Bad Jobless Claims Report Jobless claims report in the week of June 20th was terrible which means there have been 2 bad reports in a row. Specifically, the prior report was revised up from 1.508 million to 1.54 million. As you can see from the chart below, this week’s report showed claims fell to 1.48…
Bulls Grab Control into the Close - What Now?
After a sell-swing to support, buyers seized control into the close on the all-day strength of leading financial stocks such as Morgan Stanley, JP Morgan, Citigroup, and others. In tonight's video, Corey highlights the financial sector, the profile support plan (playing out now), and a quick update for Oil, Gold, and Bonds in this environment.
June 8th Peak Was Significant
Big Wednesday Selloff The stock market sold off hard on Wednesday as there were the 2nd most new cases of COVID-19 ever; a few cities in the south and the west are near their breaking point in terms of hospital capacity. It’s looking more and more like the June 8th top will be very significant. Significant defined…
Will COVID-19 Stall The Recovery?
COVID-19 Situation Looks Grim COVID-19 seems to be getting worse in a few states in the west and the south. This isn’t a 2nd wave. It’s a continuation of the first wave. Deaths are unlikely to increase to the peak in early April because younger people are getting it and doctors have a better idea of…
A Little Volatility Goes a Long Way
Is your risk reward viable? In this video Don shares his portfolio of trades and show you why risk reward is so important when trading. There's still a lot of movement that can happen in these final 2 days of the week. Make sure you take advantage..
Tech Bubble 2.0 Continues
Nasdaq 8 Day Winning Streak This is the Nasdaq’s world and we’re just living in it. The stock market overall isn’t extremely overbought. Some think it’s modestly too high. On the other hand, the Nasdaq is in a legitimate bubble. In other words, we can see the S&P 500 and the other major indexes falling…
Texas In Trouble Due To Covid-19?
COVID-19 Still Bad In Select States Many continue to believe COVID-19 is a risk factor for markets. Bulls like to say that the deaths are down and this isn’t a 2nd wave. They are correct, but they leave off the increase in hospitalizations and the increase in the percentage of tests that are positive. This latest…
Tech Leads Us Higher but Will it Last?
We saw yet another day of tech stock leadership driving the NASDAQ and XLK to new highs along with major uptrending stock AAPL and AMZN with NVDA and others at new highs. What's the short-term 'fade' play for this week balanced against the longer term uptrends? Corey discusses this in tonight's video.