https://youtu.be/u_siBFPWhHE The SPX is pricing more than a $200 move for next week. Very few weeks since 2017 come close. Thursday showed you why. The Nasdaq broke 29,000 and turned into a black hole that sucked in everything, including financials sitting at an all time high. Friday snapped back to a 50/50 advance decline line. The SPX parked right on 7411, the lower edge of its expected move. The VIX dropped about 13% Friday. I wouldn’t call that an all clear. Money has been fleeing the SMH since October 5th. It piled into the XLF, XLP, and XLV, along with Coke and Walmart. If tech rallies, that money runs back to semiconductors. If tech keeps falling, the black hole pulls those names down too. I’m selling the rip on the rotation winners. Tonight’s video lays out exactly where: The SPX moved only $50 Friday against $135 priced. My unofficial read

https://youtu.be/q3f113phviw VIX futures jumped 39.27% today. Blake Young told viewers to buy volatility this morning, hours before the spike hit. Now Blake wants to sell it. He found three stocks where options already cost too much. Blake runs every trade through one filter. He checks how much the market charges for options before he picks a direction. Low implied volatility makes him a buyer. Once a stock’s IV percentile climbs above 50%, he turns into a seller of premium. He also watches for a warning sign at record highs. Confident buyers usually keep volatility quiet near the top. When implied volatility rises on a fresh breakout, Blake treats the move as suspect. He expects the stock to fall back. Three names fit that profile right now. Tonight’s video walks through each setup: Microsoft traded near record highs with a 53% IV percentile. Blake wants a pullback to fill the gap

   https://youtu.be/AnwmbrTvYHg .The S&P 500 ripped 135 points today. The VIX dropped 20% right along with it. The November volatility futures contract never got the message. It still sits a full point above spot VIX with only 14 days left to live. That gap tells me the market is very much on guard. The headline rally looks enormous. The Dow jumped 1,700 points, a gain of more than 3%. The NASDAQ only managed about 1%. The QQQ sits massively unchanged on the week. Traders are rotating into anything that isn’t innovative. Financials broke out 3%, and home builders jumped 5.5%. Consumer staples like Walmart caught a bid. Health care and gold climbed too. Apple rallied 6% today. Its market cap now stands at $5.15 trillion, ahead of Nvidia at $4.9 trillion. Amazon sat basically unchanged on the year four days ago. It’s now up 18%. Semiconductors went the other way.

https://youtu.be/SkDdg9kNJpM The Nasdaq 100 is on the verge of its third 10% correction this year. Gianni Di Poce says the next leg lower could set up the best buying opportunity since late March. He isn’t rushing in. His cash levels are the highest they’ve been since the start of the year. Today is midterm election day. The S&P 500 has rallied since midnight without making a significant higher high. Gianni still sees the index in corrective mode. He’d welcome a little more downside into next week. The history explains his caution. The last two times the Nasdaq 100 posted three 10% corrections in one year were 2022 and 2018. Both were midterm years. 2018 ended with the infamous Christmas selloff, and 2022 brought a bear market through the first 10 months. Gianni frames the market’s choice plainly. Stocks are either in the late stages of one of the largest deleveraging

https://youtu.be/yuCz7zn8ojg The Nasdaq fell 1% today. The semiconductors dropped nearly 3%. Corey Rosenbloom still counted 34 stocks in the S&P 500 printing fresh 52 week highs. He reads that split as rotation. The money stayed in stocks and moved to new seats at the table. Corey frames this entire week through one question. He wants to know whether the market is reversing or rotating. The evidence leans toward rotation. Six of the nine sectors Corey tracks closed the day bullish. He also pointed out that consumer staples, health care, and energy have all pushed to new highs. Sectors under real distribution don’t do that. A true top would look different. The advance decline line would close near negative 300 or 350. Money would rush out of stocks and into bonds. Intel, Oracle, AMD, and SanDisk took the hit today. Corey doesn’t see Wall Street running from AI. The Street wants

https://youtu.be/_tGzxa0gq54 The S&P 500 dropped 2% on what I’m calling Red Friday. The Nasdaq fell as much as 4.5% before it bounced. Neither move means the real selloff has started. That starts with correlation, and correlation hasn’t shown up yet. The S&P 500 only got about halfway to the lower edge of its expected move. The options market priced in exactly this kind of action. The QQQ ran from the upper edge of its expected move to the lower edge. It tagged that level on the button and bounced. S&P 500 futures have traded in the same box since May 4. That’s six months of going nowhere. The central point of that range sits at 7,560 in the December contract. The S&P 500 touched it today and bounced right off it. A real breakdown would leave the S&P 500 near 7,400, dangling off the edge of a cliff. We aren’t

https://youtu.be/swQQ8-i-qxU Three out of every four S&P 100 stocks closed higher today. Blake Young still calls it a warning. He tracked the money underneath. $13.7 billion flowed into declining positions against just $1.7 billion for the winners. That’s a 12 to 1 ratio. Blake says a big move up or down usually separates buying and selling by maybe $2 billion. Extreme days run 8 to 1 or 10 to 1. The S&P 500 has traded in a very narrow range for three straight days. Blake sees more than a flat, range bound tape. To him, today’s failure to bounce shows the market rotating out of risk. He expects that rotation to last a while. XLK gapped down and closed down. Blake reads that as a runaway gap and wants traders exiting their technology stocks. Utilities and consumer staples are holding up as defensive plays. Utilities have already gained more than

https://youtu.be/USa1C7TP00c Software climbed almost 6% last week. Chips dropped 2.5% over the same stretch. Gianni Di Poce is pounding the table on software as it presses against resistance that’s held for months. That rally runs straight into the AI headlines. The media keeps warning that AI will crash the economy and bury software. Traders took the other side of that story anyway. Gianni reads the move as proof that sentiment follows price. This week brought a second encouraging sign. Defensive sectors led the market for three straight weeks before it started. Utilities finished on top three weeks ago. Consumer staples led the following week. Energy took the top spot last week. Gianni calls those flows the opposite of what bulls want to see. Technology stormed out of the gate this week instead. The Nasdaq climbed about 1.25% on Tuesday, with semiconductors up almost 3.5%. Gianni puts that chip pop in

https://youtu.be/IO0Ofw94j1M Corey Rosenbloom’s game plan from last Monday called for the S&P 500 to rally to a midpoint target. The market hit it by Wednesday. The same setup is back this week. Crude oil at $100 a barrel decides whether it pays again. Corey sees a bullish reversal forming off the 7660 area in the S&P 500. His upside target sits at 7776. Crude oil is pressing right against $100 in the futures market. If crude breaks through, Corey sees a clear path lower for stocks. A stall or double top in crude flips the script. Corey sees that reversal as the catalyst for another rally. Bonds are sending their own warning. TLT rallied last week while the S&P 500 finished roughly where it started. Corey reads a big bond rally as a possible safety trade. He’s watching TLT near 82, where a push higher could signal weakness for stocks.

https://youtu.be/YgColzhTQYY Something broke in the market today. Volatility futures flipped into backwardation for the second Friday in a row. The S&P 500 slipped about 35 handles in one of the calmest sessions of the week. The volatility curve says real risk is sitting right on top of us. November volatility futures sit at 19.75. December sits at 19.55. More time normally means more risk. This curve prices more danger in the next 26 days than in the next 54. The VVIX sees it too. It cracked to 120 last Friday during heavy selling, then started flying again today on a slow drift lower. Then the advance decline line snapped. At the open, only 12 stocks in the S&P 100 traded higher against roughly 88 lower. Traders had spent the week dumping semiconductors for bonds, consumer staples, and healthcare. Today those hiding spots sold off too. The S&P 500 is up