Healthcare Rallies to Steal the Show
Stocks reverse and hit new highs led by healthcare. In today’s update we look at unusual options activity in key stocks and sectors…
Stocks reverse and hit new highs led by healthcare. In today’s update we look at unusual options activity in key stocks and sectors…
Realized Volatility is DEAD –SPY vs QQQ–implied vol 50% higher in the QQQ–bizarre when Bonds move more than indices Volume is DEAD–SPUZ think is x-mas break!–gamma risk continues to mount–bonds volumes still rockin’ means this…–retail trade is down and out SPX Expected Move–last week EM– 48.34–next week– 49.97 expected move
If you only see the headlines, you’ll likely celebrate the positive news of another new high in the stock market. However, take a quick look beneath the headline and you’ll be shocked to learn that new high was made on extremely weak volume and internals which should give you pause. In tonight’s video, Corey highlights this development and what it means for the immediate future of the market…
The ball of risk at these levels continue to get tighter and tighter. Here are the key stocks and sectors to watch to find out when this market indecision will end…
As has been the case, it wasn’t all bullish today, despite the SPX (SP500, SPY) creeping to another new all-time high on the strength of financial stocks. The weakness came from the technology sector (NASDAQ and QQQ with XLK) as bonds and yields are coming back into focus…
Gold and oil see red as biotech and EVs were bid strongly (QS, PLUG, FCEL). The option activity points to a potentially volatile week in Biotech (MRNA, CLOV, NVAX) and EV names as the RSI indicator for the S&P 500 is sitting at an extreme level…
—the range that defines the SP500—back to all-time highs?—allocation issues—Employment Situation—Bonds tank—Financials explode on higher rates—CPI is coming –Back to Bond Dynamics Financials Running Amok!—Goldman Sacks—Discover Card Financial—Morgan Stanley SPX Expected Move–last week EM– 65.00–next week– 48.34 expected move
In another “blink and you miss it” moment, the broader SP500 and NASDAQ along with SPY and QQQ crept once again to a new all time high but it really did feel far more like a sneak than an outright strong attack. Nevertheless, behind those headlines you’ll hear about, the Russell 2000 (IWM) remains weak and Crude Oil is falling while stocks sneak to new highs – something to watch carefully…
The S&P has been a tight range for a long period of time. The ball of risk at the same level continues to grow and will explode either higher or lower. The rotation between Bonds, financials, and tech continue to be the main driver…
Stocks recovered today to trade just shy of fresh new all time highs and we take a moment to update the current trend, key price levels in each index, and view the “big tech” leaders such as Apple (AAPL), Amazon (AMZN), and others including a quick glance at stocks making new highs with – or ahead of – the market…
| Today | |
|---|---|
| 08.00 | |
| 09.00 | |
| 10.00 | |
| 11.00 | |
| 12.00 | |
| 13.00 | |
| 14.00 | |
| 15.00 |