The NASDAQ 100 (QQQ) continues to make all time highs while continually breaking away from its weekly expected move. Is a correction imminent for the high flyer? Plus other trade set ups to look for this week…
Strategy Session–Backspreads – outlier strats–In/Out Spreads–Duration Positions–Buying Irons–Calendar Spreads–Long/Short The Disconnect, asset pricing and main street–Blame the FED?–Blame the Qaunts! Next major move will be about MAGNITUDE!–high correlations SPX Expected Move–last week– 101 (expected move)–actual move– 121.05–next week– 80.50
Stocks – at least the SP500 – held support of Don’s Gravity and the lower Profile Extreme to rally back toward 3100. Along that short-term bullish journey, some key stocks including Amazon (AMZN), Microsoft (MSFT), and Netflix (NFLX) made new all-time highs while Apple (AAPL) fell a few dollars shy. Which ‘strong stocks getting stronger’ broke out to new highs and what are we watching for this holiday week? Join Corey for tonight’s update video.
S&P tags the upper edge of the expected move. Despite the large intraday movement the overall market has been in the same range for the last 3 weeks. Here are the strategies Don is using right now in case the markets explode to the upside…
Despite a near-miss of Don’s 2983, the market reversed powerfully higher after holding the ‘edge of the cliff’ mentioned last week. Which stocks lead the rally higher and what’s the trade logic from here during this holiday week? Corey highlights those in tonight’s video.
Ranges are a rockin’ Volatility Speaks SPX options have daily expirations this week Sector Rotations and Expected Moves–XLF, IWM, QQQ, XLE, XLV Big Tech still outperforming FB damaged goods NKE bombed how bout LULU SPX Expected Move–last week– 112.76 (expected move)–next week– 101.00 Forward look–know the calendar–watch the wild ranges–gravity points coming back in play
After a sell-swing to support, buyers seized control into the close on the all-day strength of leading financial stocks such as Morgan Stanley, JP Morgan, Citigroup, and others. In tonight’s video, Corey highlights the financial sector, the profile support plan (playing out now), and a quick update for Oil, Gold, and Bonds in this environment.
Is your risk reward viable? In this video Don shares his portfolio of trades and show you why risk reward is so important when trading. There’s still a lot of movement that can happen in these final 2 days of the week. Make sure you take advantage..
We saw yet another day of tech stock leadership driving the NASDAQ and XLK to new highs along with major uptrending stock AAPL and AMZN with NVDA and others at new highs. What’s the short-term ‘fade’ play for this week balanced against the longer term uptrends? Corey discusses this in tonight’s video.
The market is giving us plenty of opportunities for ratio backspreads. If you’re new to this strategy it offers us the potential for mass returns with minimal risks. Here are a few backspreads I’m looking at…
