Despite two flat or range sessions, sellers took charge of the close, pushing some positions into the profit zone. In tonight’s video, Corey updates what key stocks we’re watching, especially the Financials (XLF), and what updated levels are in play for the broader indexes and key commodities right now…
Volatility bids back higher today as tech retreats and money comes into financials. How long can financials hold the S&P 500 higher? Let’s find out in tonight’s update…
Market Update–inflation fears–a week of volatility–VVIX goes ballistic but vol NEVER flipped!–back in the vol box–is the vol spike over Sector Rotations are OVER!–correlation grips hold–a definitive shift has taken place from rotations–all asset classes are moving in unison–sector expected moves Stock Chop!WFC, C, BACHD, LOWINTC Markets Moving Forward––fed is not likely supporting equity markets–inflation fears will continue to resurface–bond range has been too quiet SPX Expected Move–last week– 61.35 (expected move)–next week– 78.76
Today was opposite day in that everything that was largely bearish yesterday was bullish today, and vice versa. Crude Oil and energy stocks were the only green/bullish spots in yesterday’s sell-off, and in today’s bounce-back rally, those are roughly the only two areas of weakness today. Nevertheless Tesla (TSLA) was weak during the session as well. In tonight’s video, Corey highlights the previous “rubber band snap-back events” and details what happened directly after them, which is a potential play for today’s market…
The S&P has now made a statically significant move this week at 2.5 standard deviations. What’s Next? Let’s look at the case for a bounce and the case for continuing to sell. Whichever side you end up on this has been a great market for selling premium…
Despite the market falling across the board today, it was a slight reversal of yesterday’s strength in the Dow Jones 30 stocks and weakness largely in tech or NASDAQ leading stocks. Usually there’s some green on the screen when stocks sell off as they did today but where was it? In tonight’s video, Corey highlights what’s happening and where key focal/pivot levels line up in all markets right now…
Tech leads selling in one of the biggest down days we’ve seen in a while. Here is the most important thing on the screen right now and what it means for the rest of the week of trading…
Market Update––All-time high, what is the driving force?–Feds message to the markets on equity valuations–Jobs number – if you are going to miss, miss BIG!–Bonds grapple with inflation or a slowing economic recovery? Fractured markets-–Tech–Bonds–Russell–SP500–Financials–Energy Bullish Gamma Squeeze ahead? —–break lower early in the week or we explode higher!— hold your allocations and close shorts if need be.. –VIX hedges? Crypto––Bitcoin moved on the jobs number, so much for autonomy–CME fees wrecked traders hopes in Micro Bitcoin SPX Expected Move–last week– 67.13 (expected move)–next week– 61.35
It’s a mixed bag of stocks moving in different directions as seen with tech weakness against financial strength, but a surprising index made a new all-time high today. In tonight’s video, Corey scans for more strong stocks breaking to new highs – more than seen in Tuesday’s video – and what to expect whether you’re directional neutral or wanting to add some directional risk to your portfolio right now…
For the 4th week in a row risk continues to accumulate around the 4180 level in the SPX. At this point there is substantial gamma risk that can explode the market higher or lower. Here’s what to look for the remainder of the week…
