Sellers had a strong chance to drop the market lower through key support levels, but alas the outcome was yet another one of the many bullish bounces from pullback lows in the market. In tonight’s video, we update all critical price and target levels in the ongoing trend and highlight where the strength is coming from – and how to react this week into next…
Stocks found their way higher without the usual leadership as tech generally lagged. While staples and utilities led, it was bonds that were taken to the woodshed. As Treasuries largely gave back their gains from Friday, it was the options market that was pointing at more downside before the FOMC meeting next week…
-Mega market caps taking a hit -TSLA, NVDA, GOOGL. MSFT -Jobs number a huge miss -FED nixes “transitory”, accelerates taper -Bonds go on the defensive Volatility Update— -/VX vol futures cross backwardation and back -VIX over 30 -VVIX in never never land -SKEW still rockin’ -expected moves and IV ranks explode Strategy Talk— -Buying calls for rallies is brutal -spreads offset vol risk -rallies will bait retail into devastating losses -spreads for directional bias -premium sellers start your engines! SPX Expected Move — –last week — 154.25 (expected move) –next week– 157.12
If you looked at the majority of stocks and sectors in the green today, you may have thought all was well and bullish in the market today – but Apple (AAPL) told another story. In tonight’s video update, we prepare for Friday’s Jobs Report and update our key market levels as we begin the new month of December…
The The bell could not ring fast enough this afternoon as we witnessed a crazy reversal in the marketplace denying dip buyer opportunities that seemed apparent. Don remains forward looking on what we can anticipate for the remainder of the week and into the next, and sums it up in one word, volatility!
Though the markets didn’t need a reason to sell-off from such an overbought and overextended level, this morning provided the stock market two big bearish catalysts from headline news events. In tonight’s video we pinpoint key price levels and future potential targets along with a scan for weak stocks getting weaker, highlighting key stocks in the SP500 making new 52-week lows which are in play for trades in the event the weakness continue…
The Omicron variant that caused heartburn for the bulls Friday failed to follow-through today. That doesn’t mean you shouldn’t take it seriously as a trader. Here’s how to hedge the next week and other unusual option activity opportunities…
Traders Rush for the exits––NU variant used as a catalyst to sell–Oil Crash and liquidation–Capital moves to Bonds, duck and cover stance–Crypto crush – risk asset?–dollar off with gold flat Volatility Update––VVIX explodes–vol futures Early Next Week––Monday will be scary–NQ is downright intimidating–expected moves exploded–rates tanked SPX Expected Move —–last week — 54.75 (expected move)–next week– 154.25
Stocks sell off this morning and then rallies solely on retail traders. Call options on key stocks explode sending markets higher. The rotation game continues and here’s what to look for next…
Gold has had a history in recent years of rallying in December and January. In this video, you see how gold has performed, what’s driving it’s movement, and what to expect. If history is any guide, gold may have a 10% + move in the coming weeks.
