We’re in a holiday week but don’t start your vacation from the market yet! Wednesday and Thursday give us key economic events we’re watching and could spike the volatility of the market. Outside the planned economic news this week, we highlight the key price levels we’re trading and targeting in the broader equity market as we trade the remainder of 2021…
The S&P 500 rallied and the VIX fell into the close as the market found intraday support. While it isn’t exactly a ringing endorsement that the market is heading higher, it is an indication that the Grinch hasn’t entirely spoiled the fun. Looking at breadth, there was an early indication and bullish unusual option activity in financials provides another silver lining. (OPK, TWO, IYR, XLF, KRE, DLTR, BB)…
Market Update––Selling is proliferating – A/D line–Dollar break-out signals risks ahead–Holiday week could hold heavy trade–Trading firms moved to Covid protocol Volatility––I am NOT feeling the fear- dead VIX–vol futures in big contango–skew is low relative to recent moves–VVIX remains in never never land Breakdown––FED has your back NO more!–premium sellers be warned… risk could become extreme–dip buying IF viable must be defined risk–crypto is now moving with NQ SPX Expected Move —–last week — 79.63 (expected move)–next week– 87.85
We had a wild and volatile trading session where financial stocks rallied strongly along with most stocks in the market but technology, and our leading “Monsters of Tech” stocks, traded much lower, ending the day deep in the red. In tonight’s video, we highlight the aftermath of both the Fed Day Wednesday and a couple of major earnings announcements in key names…
The market rallies today as rumors of rate hikes and tapered bond buying proved to be true, at least for the time being. Join Don, in tonight’s video, as he digs into the details of the trade action that took place after the FOMC announcement and what we can expect for the remainder of this week….
We’re almost there! The final Federal Reserve meeting of 2021 is Wednesday and it could be a catalyst for big market movement to break us out of ongoing sideways trading ranges in the markets. In tonight’s video we pinpoint these key price levels and how trades are based around them and what the Fed could say tomorrow that could change the game…
It was a cadry of interest rate sensitive sectors that led today as the U.S. Treasury market rallied on Monday. Not exactly the inflationary picture that is driving the more hawkishly toned Fed to tighten a more quickly. Of course, that result will be known on Wednesday, but the positioning in the stock and bond market belies the inflationary picture most are painting. Nonetheless, the options market is posturing for the future (F, AAPL, MO, SPY, UAA, ADM)…
-mega market cap led market move -A tale of two markets -64% of 23% YTD gain in Nasdaq (3780 stocks) down to just 5 stocks Microsoft/Google/Apple/Nvidia/Tesla -Risk/Reward in jeopardy -Federal Reserve meets Untamed Inflation -Bid Back or Fed Taper Smack – watch rates! SPX Expected Move — –last week — 157.12 (expected move) –next week– 79.63
Thursday afternoon gave us a variety of earnings plays for aggressive traders, and key price target levels to set potential reversal trades for Friday’s trading day. What are the levels and what’s moving after the close today? Find out and update your price targets for Costco (COST) and others in tonight’s video…
The S&P 500 meandered today around the upper edge of SPX Expected Move for the week. Is this just a breather to new highs or will the volatility return? Don answers that crucial question in today’s video newsletter…
