[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] The final hour of Thursday’s trading session was a volatile sell-side swing that continued the downtrend in motion – all of it ahead of Friday’s potentially market-moving CPI (Consumer Price Index) data and what it means about the state of the economy, the consumer, and the Fed Meeting next Wednesday. What target levels and sector plays are gaining traction on the sell-side pathway? Find out in tonight’s video.

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] The S&P 500 ends today where it started the week. There’s still a 100 point potential move higher or lower for the S&P. Where do we go from here?

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] Today’s session continued the whipsaw price action we’ve seen over the last few trading days as we remain within a compressed price range especially on the daily and hourly chart. In tonight’s video, we continue planning the risks and rewards of a future breakout of this range along with which stocks could be the leading catalysts on the nearing breakout.

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] Amazon Inc (NASDAQ: AMZN) 20:1 stock split generated a lot of option activity today, but finished well off of its high. The lack of momentum carried over to the broad market as well as they finished just off it the lows. The lack of ability for an innocuous event like a split to create much lift reflects the state we’re in. The “Goldilocks economy” of 2008 may be ready for a reappearance (AMZN, K, KWEB, FXI, ASHR, ZTO)

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] Complacency in the midst of selling– –Low SKEW implications –VVIX back to 2020 lows –VIX cannot catch a bid? –lack of hedging, what does the market know? Examining Asset Classes– –Sector ETFs –metals –oil / energy –crypto hanging on by a thread –bonds, notes and rates SPX Expected Move– –last week–    100.19     (expected move) –next week–   101.86     (expected move)

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] While not necessarily reporting earnings, companies Costco (COST) and Microsoft (MSFT) issued guidance today that surprised the market – and not necessarily in the direction you’d think. In tonight’s video, we highlight what drove the equity rally, which stocks (and a key sector) underperformed the bullishness, and what catalyst the Friday morning Jobs Report (Nonfarm Payrolls) could have on igniting a stronger ‘bear market rally’.

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] Here’s how to trade the potential yield curve inversion.

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] The Federal Reserve is about to start its quantitative tightening (QT) plan. Looking at their balance sheet, it made a tick lower last week as their plans to wind things down is about to begin. While reducing the monetary stock may have a negative impact for risk assets, it’s inflation that they will have trouble fighting. (RES, NOG, OXY, XOM, FXI, ASHR, KWEB, BITO, COIN, TLT, HYG, XHB).

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] Markets filled with conflict and chaos– -Short covering sparks rally -Markets got its groove back? -Real buyers? -Two times SPX Expected Move -Bear market rallies are violent -Gravity /ES 4211 and 3931 -NVDA, COST caught up in the rally Lack of Hedging? — -Skew extremely low -VIX -VVIX Positioning– -Energy- oil 115 in a slowing economic backdrop -Yield curve trade -Fade the rally? XLF -Short Dollar SPX Expected Move– –last week–    126.25     (expected move) –next week–  100.19     (expected move)

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] Today began with a recovery in Nvidia (NVDA) shares after yesterday’s earnings announcement and we end today with a post-market reaction in retail stock Costco (COST) as they report earnings – will it share the same fate Friday as NVDA? Beyond the earnings, retail stocks bounced back strongly today with Tesla (TSLA) and Amazon (AMZN) leading the pack while Nike (NKE) and Target (TGT) staged intraday gains. What are we watching Friday going into the holiday weekend? Find out in tonight’s video update…