The market completed yet another infamous pullback or ‘rubber band snap-back’ to support target and we’re faced with a similar decision, and thus trade strategy, as the other similar pullbacks in price. Here’s your plan and ideas for what to do this week…
Energy as a sector led the way as the outlook for winter weather looks colder than normal. As a result, oil and gas stocks found buyers on Monday (EOG, MRO, OVV). Uranium stocks have been going parabolic of late as inflows into funds like URNM have picked up. That’s led to significant option activity in companies like CCJ…
Market Upadate––SPX Lower EM breach!–Bonds selling off and financials down–Big Banks get Bearish–why we need to watch vol futures Big Tech Deeply Concerning––Monsters of Tech Market Cap–NVDA–GOOGL–FB–MSFT SPX Expected Move––last week EM– 50.13–next week– 115.27 expected move
We’re indeed seeing the market pull back from our overbought levels on another “rubber band snap-back” just after last week’s bullish holiday drift to new highs. What price levels are today’s targets and what key level was spot on in today’s session? Find out in tonight’s video where we also see a surprise from LULU…
Big tech stocks that have led the market higher have stalled. Implied volatility remains higher than historical volatility in the tech heavy NASDAQ. Here’s why you should keep an eye on the weekly expected move in the SPX tomorrow…
Crypto carnage was the order of the day as the Nasdaq eked out a new all-time high. As breadth and crypto crashed, NBA player Steph Curry is looking to his community for answers. Could this be the final nail in the bulls coffin, some UOA activity seems to think so..
–Holiday trade drives SP500 into a low vol slopfest–NFP takes a nose dive, weak Chinese data–Financials tank, tech rips–Bonds are back in play September Volatility Spike?–VIX, VVIX–9 day VIX vs 3 month VIX–contango is massive–volatility depth chart–SKEW has been relentless–exogenous shock needed to kick off Sep vol fest SPX Expected Move––last week EM– 57.49–next week– 50.13 expected move
We did indeed see continued “bullish holiday drift” this week as the market prepares and positions ahead of the Monthly Jobs Report released pre-market Friday morning. In tonight’s video, we pinpoint the probabilities, price levels, and scan what’s happening in leading stocks along with Bonds, Oil, and Gold before the big weekly event…
The market can’t seem to keep a rally going. Is it time to fade or wait for another move higher?
This week has the potential to be a low volume, possibly low volatility drift where stocks can float higher, especially if we don’t see any major headline news or events that would stop the drift. In tonight’s report, we highlight this plan and what levels are in play along with which key financial and tech stocks are in play and most likely to affect the broader market – and one surprise stock you may have missed today…
