If it seems like this week is “opposite week,” you’re not alone for feeling that way. Last week saw broad-based weakness in everything but the large-cap technology stocks and this week brings us general broad-based strength in most sectors and stocks outside technology leaders. Bonds fell; yields rallied and we’re definitely not seeing the typical low volume, low volume holiday week – that’s “opposite week” too. Here’s how to trade and remain safe this holiday week in the markets…

Biden announced that he will nominate current Fed chairman Jerome Powell for another term. The S&P 500 turned bidless into the close as gaming stocks fizzled (EA, ATVI) and DIS pulled their annual membership for Walt Disney World…

Market are owned by TSLA and NVDA– -Financials down 1% -Energy off 3.9% -DOW off 230 points -Spuz massively unchanged! -Even AMZN and GOOGL down did not negatively impact NASDAQ -internals and overnight /ES trade do not matter! -massive rotations may take place if big tech sells off Profound Market Moves– -QQQ -IWM -TSLA Markets Bid Risk Assets– -Da FED -Big boy skew – good for premium selling! -Bonds -Dollar -tightened my delta SPX Expected Move –last week– 60.41  (expected move) –next week– 54.75

Today is another “tale of two markets” where surprise bullishness on earnings from Nvidia (NVDA) coupled with news driving Apple (AAPL) and Amazon (AMZN) higher pushed the NASDAQ and QQQ to new all time highs along with some other tech stocks. However, on the other side of the market, weakness continued as sectors and stocks not in tech continued their decline for the week. What’s the update and what should we add to our routine in this new environment? Check it out in tonight’s video update…

Markets continue sideways action with notable exceptions like AAPL. Changes at the FED is an unknown and the markets don’t like unknowns. Could bulls be waiting to get confirmation on the FED before they feel comfortable buying again?

The SP500 fell a few points shy of a new all-time high as key leading stocks did break to new all time highs. Which stocks outperformed the market to break new highs, which key major stocks (including one key one) report earnings this week, and what’s up with Rivian (RIVN)? Plan ahead this week in tonight’s video update…

Not exactly the most exciting day as the major market gauges finished massively unch’d or rather unchanged. While the market is treading water, the Utilities and Energy sectors finished strong along with other significant option activity. (PINS, MNST, PAGS, CLOV, APP, XLE, XOP)…

Tech’s domination–How dominant is tech in the SP500-TSLA-NVDA-Rotation within the sector-loss of market internals Inflation, CPI, consumer sentiment–Bonds/rates-Gold-Dollar Volatility Update–/VX contago is stellar-VVIX-SKEW Market at Fever Pitch–Options Volume-RIVN – 110 billion market cap SPX Expected Move–last week– 62.51  (expected move)–next week– 60.41

We continue seeing the market pullback or retrace – in a much less volatile sense than Tesla (TSLA) earlier in the week as discussed in Tuesday night’s video, and we simply update our current targets with each day. What are those target levels and how can you set targets on your own charts? Find out in tonight’s video update…

Tech leads the market lower as bonds reverse and dollar rallies. The major indices hit the lower edge of the expected move for the week. Tomorrow the bond market is closed. Here’s the one stock to watch the rest of the week…