We Got the Sell-off We Wanted! But Will it Last More than a Day?
We take the small victories when we get them and today was no exception. Put plays or bearish short-term positions struggled as the market crept higher but today was a quick victory… but is it only for today or should we hold for bigger gains on the downside? Find out in tonight's video…
Amazon (AMZN) Surges but Can't Lift Entire Market Alone
We had yet another "tale of two tapes" where the technology sector (XLK and QQQ) surged to new highs while the broader market especially financial stocks (XLF) pulled back normally on a snap-back from overbought price levels. In tonight's video we highlight these two separate markets and what it means for your current trades…
The Creeping Uptrend Strikes Again
We've seen this before where low volume, low volatility holiday sessions result in continued upward drift in the market and today was no exception. In tonight's video, Corey explains the current strategy, advocates patience, and pinpoints which stocks are leading the market at the highs - along with the need to note the Jobs Report…
NASDAQ Floats to New Highs While Other Stocks Remain Grounded
It was a similar story where the tech sector - or key stocks such as Microsoft (MSFT) and Apple (AAPL) specifically - led the market higher as the hot air balloon of price drifted higher on lower volume and volatility. However, beneath the surface, bearishness and weakness underscored what ended as a flat, lackluster session.…
Updating the Highs in Expected Move and NASDAQ Achieved Today
Today had some strange price quirks in what achieved the upper bound of the expected move... and what did not. In tonight's video, Corey walks you through today's developments on the price charts, notes key updated levels, and pinpoints those strong stocks joining the market at the highs... for now.
Making Quick Sense of Today's Very Split Market
Today's market was a challenging arena of strong bullishness in technology and the NASDAQ battling very weak financials and energy stocks that fell sharply. We're continuing to see rotation within the market at the same time Gold (GLD) fell almost 5% lower today - a gigantic intraday movement. Tonight's video helps you make sense of…
Your Transitory Market Update ahead of the Fed
It's the moment we've all been waiting for! The Federal Reserve meeting concludes tomorrow with a typical "Fed Day" announcement that could - and perhaps should - spark volatility across the markets. Know your levels and trades along with any adjustment or management strategy you might need to take before and certainly after Wednesday's announcement…
Inflation Comes in Hot but Unexpected Moves Leave Some Traders Cold
It was a volatile trading session driven initially by inflation data coming it a big higher than expected. While we initially saw logical price movement in bonds and financials, by the end of the day, it was almost all flipped on its head in reverse and when the dust settled, Crude Oil /CL and the…
Snapback in Play but It's not all Bearish - Looking Deeper into Today's Market
We are days overdue for a pullback and we finally saw decent sell-side activity this morning, giving profits to patient bears. But beneath the percent loss in the index, more rotation and chop continued as roughly 50% of stocks were bearish (down today) and 50% were bullish (up today). In tonight's video, Corey digs deeper…
Oil and Small Caps Surge on Flat Broader Market
The standout sector today was Energy (XLE) boosted by leading companies XOM and CVX rallying on the strength of Crude Oil /CL breaking to a new 52-week high. In tonight's video, Corey pinpoints these developments along with other leading stocks - particularly financials in XLF - making similar new 52-week highs while the rest of…
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