Do Not get Caught Off Guard in this Slow Trade!
There’s still plenty of room in the weekly expected move for the S&P to not keep your guard up for the rest of the week…
There’s still plenty of room in the weekly expected move for the S&P to not keep your guard up for the rest of the week…
Markets particularly the Russell 2000 (/RTY and IWM) remain in a longer-term range rectangle or box and the other markets aren’t far behind. In tonight’s video, Corey updates the price levels and pinpoints fade or sell-short trade opportunities in key financial stocks including the broader XLF ETF…
As stocks continue to go higher we see investors continue to add to their hedges against tail risk. This is a very unusual phenomenon to see. Typically as markets go higher tail risk becomes cheaper. This tells us the market is cautiously bullish as it moves higher. Here are some of the reasons why the tail risk is still priced in…
Market Update––High Volatility and a Tight Range–VVIX rockin–SKEW prints near all-time high–Sector Expected Moves Markets Moving Forward––Financials are still hangin’ tough!–Correlation should drive us outside the range–Bond Volatility is UP! Crypto Smackdown!–ether–crypto crash is only somewhat contained–COIN, TSLA, ARKK–Regulators are coming! SPX Expected Move–last week– 78.76 (expected move)–next week– 76.25
The /RTY small cap (IWM) index especially has spend the last three months in a well-defined sideways range and the NASDAQ (/NQ and QQQ) are developing one too. In tonight’s video, Corey highlights the key levels we’re watching and trading against both on the futures and ETF level but also in key stocks you can reference…
All signs point to volatility being here to stay. Let’s look at a few of the reasons why and the types of trades to take and avoid the rest of the week…
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…
Don Kaufman
TheoTrade co-founder, former CBOE market maker and thinkorswim Chief Derivatives Instructor.
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