Wild Trading Action - S&P 500 Trading Like A Biotech Stock
Up & Down Action The stock market is back to trading like a micro-cap biotech stock as it exploded on positive early news on Moderna’s vaccine and then sold off the next day. It seems to be a trend. Whenever good news about a drug such as remdesivir comes out, the stock market explodes and…
Profile Says Sell - What are your Trades?
We're back into a familiar situation into an overbought level that suggests a short-term sell-off in price this week - and we may be seeing it begin in today's session. In tonight's video, Corey highlights how the Volume Profile is again flashing an advantageous "sell signal" and what targets for success - or stops -…
Economy Is Coming Back
Break Up Big Tech? Everyone is all in on the big tech stocks. Companies that make up FAANMG which are Facebook, Apple, Amazon, Netflix, Microsoft, and Alphabet, were 23.4% of the S&P 500 as of May 14th. It’s very difficult to not like these businesses unless you are worried about regulatory issues. By far, the…
Small Caps Leading the Way?
Markets explode higher led by the Russell 2000. However, we still remain inside the volatility box in myriad of products. Here's the level you want to watch for a breakout…
Record High Optimism From Small Traders
Smart Versus Dumb Money If you’ve been trading for a significant period, you may have noticed that short theses sound smarter than long ones. Long investors tend to believe management teams, while short sellers do investigative work. Shorts come up with reasons why management is wrong, which makes their argument look smarter. However, that doesn’t…
Consumer Sentiment Inches Higher
Investors Are Negative Investors are a lot more negative than the S&P 500 makes it look. Dynamics under the hood of the market are all towards one direction. That is buying the stocks of the companies that do well in this new environment and selling the one that underperform. I t’s a negative viewpoint because…
Biggest Risks Facing This Rally
Stocks End On A Positive Note Stocks had a rough couple days this week, but ended on a positive note. S&P 500 was up 0.39% on Friday closing the week down 2.26%. It’s down 11.36% year to date and up 0.45% in the past year. It’s up 0.62% since April 14th. While it looks like…
Small Businesses Are In Big Trouble
Retail Trading Explosion Let's discuss the spike in retail trading activity. It is one of the hottest topics on Wall Street/financial Twitter and because I have a variant opinion. As you can see from the chart below, the combined E-Trade and TD Ameritrade DARTs, which is daily average revenue traders, has gone vertical. A great…
Big Tech on the Ropes?
Da Bears are everywhere!--Initial jobless claims - 36 million and counting--Retail Sales-16.4%, total spending down 89.3% YoY--BBY, JWN, BBBY, COST, WMT, KR--GDP could decline by 42% in the second quarter, according to the Atlanta Fed Monsters of Tech5.8*FB+6.4*AAPL+12.7*MSFT+GOOGL+AMZN--tech weak and threating to break apart--sector rotations are reversing--RUT, XLE, XLF, and Tech--if tech goes, we all…
Key Levels Still in Play with NFLX at All-Time Highs
We're still carefully watching and planning open and future trades off the 2900 level in the SP500 with a bearish outcome likely, but we're offering bullish hedges in strongly trending stocks making new highs as a way to protect your portfolio - or take advantage - of a surprise bullish outcome in the near future.