Nasdaq Is Unstoppable
Strange Trade News On Fox News, Peter Navarro announced the trade deal with China was over. This sent the futures market into a tailspin. S&P 500 fell from 3,120 to 3,066. This was shocking. It came completely out of left field. We didn’t expect trade news on a Fox News talk show at 9PM. Almost…
Job Postings Are Down 29% Yearly - Why That’s A Good Thing
Job Postings Improve Further Even though last week’s jobless claims report was terrible, the Indeed data shows continued improvement. We will need to wait until next Thursday to see which is correct. The labor report is on Thursday because the 4th of July is causing a market holiday on the 3rd of July as the holiday is…
Ratio Backspread Trade Setups!
The market is giving us plenty of opportunities for ratio backspreads. If you're new to this strategy it offers us the potential for mass returns with minimal risks. Here are a few backspreads I'm looking at…
Tech Bubble 2.0 Featuring Shopify
Very Unusual Day The stock market had a relatively boring Friday until right before the close. Before getting into that, let’s explain why. Usually, we can only guess why stocks move strangely, but this time we know. It was quadruple witching day and the index funds rebalanced. This rebalancing was different than usual because the…
COVID-19 To Start Hurting The Stock Market
COVID-19 Is Still A Problem COVID-19 never really went away, but it’s about to be a problem again for the market. We saw the first negative market reaction in a couple months to anything COVID-19 related when Apple announced it was temporarily closing stores in Arizona, Florida, North Carolina, and South Carolina. We're not expecting…
Massive Ranges, Minimal Movement
Overnight ranges are massive, keep focused people! Monsters of Tech will not die? Position Breakdown --VIX --Long Vol in the XLF --Understanding my Shorts --I'm a backspreading maniac Outlier moves continue but you need to see this! --QQQ- msft, amzn, roku, aapl --XLF, EEM, XLE, XHB, IWM SPX Expected Move --last week-- 125.77 (expected move)…
Nasdaq 100 At An Extreme Level
High NAAIM Index & High Bears Thursday’s sentiment indexes were very confusing. NAAIM exposure index spiked again as fund managers bought the 7% correction. It’s no surprise people bought the dip because the market recovered. This index spiked from 77.48 which is a modestly high reading to 88.25 which is almost extreme. It’s slightly below…
Stocks Ignore Terrible Jobless Claims Report
Terrible Jobless Claims Report After seeing the jobless claims reading, it was shocking that the stock market didn’t decline significantly on Thursday. It barely moved as it didn’t react to the big miss. An analyst claimed stocks didn’t fall because the prior day’s retails report was great. That’s not how it’s supposed to work. Only…
Garbage Rules The Market
Slight Wednesday Decline Compared to all the recent wild swings, Wednesday’s trading session was boring. S&P 500 fell 0.36% which was a 0.88% reversal from the high. To me, it seems like the market is uncertain about its next move. It has had such momentum, but since everyone is positioned bullishly, it’s tough to make…
Market Living on the Edge Before Expiration Friday
Get ready for a breakout! The market spent most of this week in a tight range but that's likely to change Friday. In tonight's video, Corey talks expected move for tomorrow, strong stocks making new highs, and as always the critical 'edge of the cliff' price level in play tomorrow ahead of a likely high…