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…
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
