This week has the potential to be a volatile week with earnings reporting in major market cap names such as Amazon (AMZN), Alphabet (GOOGL), Apple (AAPL) later in the week and Microsoft (MSFT) today at the closing bell. Know your expected moves and how they can translate into opportunities before and after (on an intraday tactic) the earnings announcement and stay safe this week in other positions…
TSLA is the first Junk rated $1T company. FB falls behind TSLA as they are set to announce earnings. DIS shows that it may be part of the cast as it tests support. DDD, MQ, CLF and ATVI audition for supporting roles based on UOA.
-rough start to tech earnings -snap ad revenue drags down big tech -financials and energy hold markets together -inflationary signs are everywhere -are market accepting higher rates? -volatility contango is massive -VIX Vol Spreads SPX Expected Move –last week– 61.46 (expected move) –next week– 54.08
Tesla (TSLA) reported earnings yesterday and shares surged higher this morning, snapping an evening sell-off to close near all-time highs. But it’s not all bullish for two technology stocks after the close today. Which stocks are falling sharply and what major tech names are set to report next week? Find out in tonight’s evening update!
Stock rally back to near all time highs and hit the upper edge of the weekly expected move with 2 days to spare. This seems like an inflection point for the market. Stocks could rip higher or back off in the next 2 days. Here’s what to look for…
In tonight’s evening video, we focus on Netflix (NFLX) earnings – its report and the market reaction – along with upcoming earnings in other key stocks including Tesla (TSLA) tomorrow. We also plot key levels in our main equity indexes along with the new lows trading in Bonds. Update your levels in tonight’s video.
As we passed through a significant option expiration on Friday, it was going to be interesting to see how the market responded. After a shaky start, cyclicals, technology and communication led (FB, PLUG, WMT, AMD). With a rising 10-year, Utilities lagged all sectors along with healthcare and Staples.
Market Risk Factors– -bank earnings excellent, will tech and retail fair as well? (supply chain) -oil and energy pricing at extremes -bonds/rates continue to be threatening factor -FED tapering is coming -dollar backs off nominally -massive volatility crush but only in the near term! -SKEW coming back Trading — -buy volatility when you can! -long is not wrong but use spreads -volatility crush will not kill options premium selling as skew comes back into play SPX Expected Move –last week– 80.10 (expected move) –next week– 61.46
Today brought a large number of leading stocks, mostly financial names, reporting earnings and it was a mixed bag. Nevertheless, stocks bounced strongly higher to end the day up almost 2% which continues the “middle of the middle” which is where the day closed on the daily charts. In tonight’s video, we pinpoint which sectors are leading the market higher and more specifically which major stocks are outperforming the indexes themselves…
Tech rallies on bonds rallying and interest lowering. Fed notes came out showing several Fed governors wanting to tighten more aggressively. Meantime lots of warnings have come out about disruption in the supply chain impacting the Holiday season…
