Volatility explodes higher as ‘risk on’ products like Bonds soar higher. Lots of damage done in financials today. However, the S&P closed right at the edge of the lower end of the expected move for the week. Here’s what you should watch for tomorrow…
–market sold into dovish FED speak–historical vol on Nasdaq–volatility has yet to come up but VVIX is bid–bond rally implications are only beginning to materialize–market internals are temporarily broken–be aware of percentage moves–spuz are testing lower SPX Expected Move –last week– 61.15 (expected move) SPX–next week– 73.69
In tonight’s video we update the pullback planned on Tuesday that remains in motion today, but how low are we looking for that pullback in price? For that answer, we look to Bonds, Yields, and Oil along with volatility to give us clues and how to remain safe going into next week…
Markets can’t decide whether the Fed comments are good or bad. Meanwhile 3 days into the trading week and almost no movement in the S&P. Here’s what to expect the rest of the week…
We’re back into a situation where the odds favor another short-term pullback or “snap-back” in price especially as the indexes push new highs into key known resistance levels. What’s our short-term plan and what levels are in play now and in the near-term future? And what do Treasury Yields have to do with Tech and Financial Stocks? Find out in tonight’s video…
In today’s video we preview the kick-off to earnings season with big banks (JPM, GS). While financials are surging, we look inside the bond market as some big auctions are on the docket over the next two days. Finally, here’s a look at setups that the market has been favoring that are experiencing unusual option activity (ATUS, MU, HIG, DIS).
Market Update– –Wild ranges throughout the holiday trading week –bifurcation broke down into correlation –AMZN, AAPL, XLF, XLE, QQQ, EEM, TSLA, RUT Bonds are back in charge baby! –lower rates to continue? –CPI/economic data –trend driving bonds SPX Expected Move –last week– 42.39 (expected move) SPX –next week– 61.15
We take the small victories when we get them and today was no exception. Put plays or bearish short-term positions struggled as the market crept higher but today was a quick victory… but is it only for today or should we hold for bigger gains on the downside? Find out in tonight’s video…
It’s the summer, but don’t go into trader hibernation just yet. Several markets have breached the weekly expected move this week. Here’s why this can turn into a traders paradise very quickly…
We had yet another “tale of two tapes” where the technology sector (XLK and QQQ) surged to new highs while the broader market especially financial stocks (XLF) pulled back normally on a snap-back from overbought price levels. In tonight’s video we highlight these two separate markets and what it means for your current trades…
