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…
We find ourselves trading the “in-between” market at the moment as we await earnings this week from major financial companies. In tonight’s video, we update the key index price levels we’re trading and targeting and then pinpoint the key financial stocks within the XLF (financials ETF) that could spark volatility later this week…
Bond funds and stocks head lower as financials fade it’s early strength and the market finishes near lows. These dynamics are making it rough for those using bonds to offset stock losses. Looking at the sector performance, today’s finish makes this week’s bank earnings interesting. Luckily there’s unusual option activity in VZ, VRAY and DBA to tide us over…
Market Update–-Sector Analysis and Expected moves-Volatility Check-Bearish bonds threaten to stall markets-Dismal jobs report-Energy gets a scary bid Merry-Go-Round of Risks–headwinds for dip buyers–China-interest rates-inflation (leading to earnings decay)-FED tapering-supply chain constraints (Xmas season) Trade Opportunities–-DOW performance and Goldman Sachs-Energy Pull Back SPX Expected Move––last week EM– 89.00–next week– 80.10 expected move
