It wasn’t too long ago that we played a rubber-band snap-back play from all time highs and we’re ready now to do it again but only for short-term aggressive traders. In tonight’s video, Corey sets up the markets, highlights potential downside targets, and what to expect going forward through this week and into the next as we carefully navigate the bullish waters at the highs…
The S&P hits new all time highs as major stocks hit the edge of their expected move for the week on day 1. Here’s the opportunities to watch for the rest of the week…
All-time Uncertainty at Market Highs!Everything is up! Except it’s not!Volatility Crushed in SP500VVIXMassive Contago /VXRussell/NASDAQ Volatility holding upBonds Bid with Financials Bid? Correlation Chaos –—metals—oil—crypto—SP500—dollar—inflationat a loss for words?Nope… we lost an asset class, thanks FED SRVIX seeing near record highs Traders aggressively ignoring risk—Whang up in Flames? Buy it!—low returns makes funds do horrible things…—FED put is in SPX Expected Move–last week EM– 59.65 (4 day week)–next week– 57.96 expected move
Fascinating internals in the markets leave the overall market essentially unchanged in the last 6 weeks. However, some inflation concerns started to reach into the market today setting off buying in these commodities. If this is the start of a bigger move where can they go from here?
As March 2021 comes to a close, we look forward to April and what the market will do in the coming month. In tonight’s video, Corey highlights the sideways shift stocks have taken and what levels we’re watching for a future breakout and pinpoints key stocks that have already broken out higher from their daily boxes…
Stocks sell off in the morning and rebound by the close after a big fund blows up. The headline news doesn’t tell the whole picture. Here’s what you should keep an eye on for the remainder of this shortened trading week…
–Last minute upside gamma squeeze–Bonds still running the show?–Expected Moves in IWM, QQQ, SPY–Correlation kicked in… –Trade Setups- XLF, XLE, Tech SPX Expected Move–last week EM– 75.81–next week– 59.65 (4 day week) expected move
It’s easy to look at the top-line or top-level markets and get a sense of the bullishness or bearishness but we can sometimes learn more by looking beneath the top-level charts to what’s moving beneath the market. In tonight’s video, Corey pulls back the broad picture to pinpoint hidden moves in money flow and sector strength/weakness that can help you get a better sense of what’s moving the market right now.
Bonds continue to rally sending interest rates lower. However, for the first time we are seeing the NASDAQ and the Russell lower despite the bond rally. Is this a one off or is something more dangerous about to happen?
Last week we discussed the chance of a “snap-back” in the market – a pullback or retracement – likely taking place and here on Tuesday, we ask “is this snap-back complete into support levels, or just getting started?” In tonight’s video, Corey updates the key price levels in play for equity futures markets as well as Gold, Bonds, and especially Crude Oil all having seen short-term ‘snap-backs’ recently…
