Markets continue to grind higher on the back of fewer stocks. Tonight Don will show you which sectors to keep an eye on this week. Volume today was very low as TD Ameritrade was down for most of the trading day in the biggest and longest outage in the firms history. 

Bonds on the move— Rates move higher, XLF stalled— Buying bond volatility— Utilities- get ready to move people SlopFEST!— A/D line rising with markets falling Backspreads and Gamma Irons –— Long Gamma and Vol— IV buyer – Long Gamma— IWM, LULU, SPY, GLD— NFLX SPX Expected Move–last week– 63.05 (expected move)–next week– 64.02

As we approach the halfway point of August 2020, let’s take a moment to spot which sectors are the strongest and providing the best opportunities at the moment.  In tonight’s video, Corey walks you through the nine sector ETFs and highlights which is showing the best relative strength and weakness at the moment and how that affects your decisions about the broader market.

Tech stocks drive the markets higher today while giving the financials rally a rest. Here’s a trade I put on today in one of the tech behemoths…

While stock indices were down today the markets saw a 50/50 advance/decline line. The rotation game continues this time out of tech into financials. Bonds, gold, and silver all had their biggest declines in some time. Here’s what to expect the rest of the week…

It was a good day for NASDAQ traders expecting a pullback as key stocks Netflix (NFLX), Facebook (FB), Microsoft (MSFT), and others sold-off from the highs, as logically expected.  But not everything was bearish – in fact, many more stocks gained today including our ‘boring safety’ stocks highlighted last week.  Join Corey for tonight’s video updating you on the new levels and plays in motion.

SPX – spot on the Weekly Expected Move Russell is a rockin’ in the rotation game Bond Volatility is DEAD – it’s gamma time! Could bonds sell off? Reflation trade back in style? FB – Skew inverts as retail comes pouring in VIX & VVIX — buy volatility on volatility, if only volatility is low SPX Expected Move –last week– 71.48 (expected move) –next week– 62.99 Edge of weekly EM touched!

Stocks surged as the summer slop-fest resulted in many stocks declining today but the main stocks that matter – the monsters of tech – strongly picking up the slack and extending the uptrend in equities higher. In tonight’s video, Corey highlights these developments, charts FB, AAPL, /NQ, and /ES for you, and then refocuses your attention beyond the hype and to the safety of stocks you may be missing that are also making new highs with the market.

The S&P is just a stone throw away from the upper expected move for the week so that is an area we expect to be hit tomorrow. With bonds rallying are investors throwing caution to the wind too soon? Find out in tonight’s video newsletter…

While most traders are focused on flashy and popular stocks – understandably so – some safe stocks continue to trade stealthily higher in ongoing uptrends now and through most of 2020. What are these stocks and what stocks are we seeing make new 52 week highs, and in some cases new all time highs? And what level are we directly watching right now on the SP500? Join Corey in tonight’s video for ideas.