[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…

[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] Stocks get a mild rally as indecision grips the market. NVDA came out with earnings that beat expectations, but lacked guidance sending the stock even lower. When you stop and think about it NVDA, one of the titans of tech, has lost an astonishing $500 billion in market cap in the last 6 months. Is the pain near an end or just beginning?

[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] It may not be a stock on your daily radar but Snapchat (SNAP) issued forward guidance today that sent shockwaves through other social media companies and the tech sector in general, sending some key stocks tumbling to new lows. In tonight’s video, we highlight which stocks led the market lower in our scan along with the one standout bullish stock that printed a new high amid all the sell-side activity today…

[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] Yields rose with the broader market today and bearish option interest builds in the bond space. What’s next for financials and REITs if yields continue to move? The option market is giving a heads up how to position yourself in the short-term. (TBT, TLT, SYF, LQD, IYR, DFS, BX, DB, TTWO, PM)…

[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] -oversold has become cliche’ -YTD recap of major sectors -liquidity is nonexistent in many products -indices are seeing a concentration of liquidity -Bid back under bonds -dollar hedge is still underway -volatility looks all wrong -contango in a bear? -forget about a bottom; sell premium and survive SPX Expected Move– –last week–    133.43     (expected move) –next week–   126.25    (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] In tonight’s video update, we highlight the current “edge of the cliff” price to monitor as we go into Friday and into next week. We highlight the weakest stocks leading the market to the downside, then update how bonds and yields are performing as we continue to see “risk off” behavior in markets…