Tech Stocks Split with Financials as SP500 Extends New Highs
As has been the case, it wasn't all bullish today, despite the SPX (SP500, SPY) creeping to another new all-time high on the strength of financial stocks. The weakness came from the technology sector (NASDAQ and QQQ with XLK) as bonds and yields are coming back into focusā¦
Commodities SKID as Biotech and EVs Bid
Gold and oil see red as biotech and EVs were bid strongly (QS, PLUG, FCEL). The option activity points to a potentially volatile week in Biotech (MRNA, CLOV, NVAX) and EV names as the RSI indicator for the S&P 500 is sitting at an extreme levelā¦
A Sneak Attack to All Time Highs
In another "blink and you miss it" moment, the broader SP500 and NASDAQ along with SPY and QQQ crept once again to a new all time high but it really did feel far more like a sneak than an outright strong attack. Nevertheless, behind those headlines you'll hear about, the Russell 2000 (IWM) remains weak…
Quick Market "UPdate" as we begin August
Stocks recovered today to trade just shy of fresh new all time highs and we take a moment to update the current trend, key price levels in each index, and view the "big tech" leaders such as Apple (AAPL), Amazon (AMZN), and others including a quick glance at stocks making new highs with - or…
Amazon AMZN Earnings Could Take the Market Down with it
While we've seen sell-offs occur on recent positive earnings surprises, few have been dramatic and none has been as consequential as AMZN could be tomorrow. In tonight's video, we highlight AMZN's earnings and after-hours sell-off and note how it could be a big factor in creating another "rubber band snap-back" for the broader marketā¦
Now the Big Ones are Reporting. Your Earnings and Fed Guide for the Week
We're in full earnings mode as large cap stocks Apple (AAPL), Google (GOOGL), and Microsoft (MSFT) report earnings after the close and Corey shows snap reaction to these announcements. We also have a Fed Day Wednesday along with over 150 stocks reporting including Facebook (FB). Be careful and stay earnings-aware this weekā¦
Earning Surprises and New Highs
We're still in earnings season and had key names report before and after the bell. In tonight's video, we pinpoint some of these stocks and highlight the price levels to watch for trades Friday and beyond. Also, we pull the perspective back to the bigger picture and ongoing uptrend in the marketsā¦
We're Getting a Snap-Back Rally but What's Next?
Price played the higher odds for a bounce and closed strongly today with the Financial sector helping lead the charge higher. In tonight's video, Corey updates us after last week's "rubber band snap-back" call and pinpoints the key levels in play as the bounce continues - for nowā¦
Looking for Directional Clues Outside Equities
In tonight's video we update the pullback planned on Tuesday that remains in motion today, but how low are we looking for that pullback in price? For that answer, we look to Bonds, Yields, and Oil along with volatility to give us clues and how to remain safe going into next weekā¦
Planning that Perfect Pullback against Key Price Levels
We're back into a situation where the odds favor another short-term pullback or "snap-back" in price especially as the indexes push new highs into key known resistance levels. What's our short-term plan and what levels are in play now and in the near-term future? And what do Treasury Yields have to do with Tech and…
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