We’re still at the upper Value Area Extreme of the Profile along with the weekly SPX Expected move – both of which point to higher odds of selling ahead.  But in tonight’s video, Corey highlights the higher probability but advocates hedges and preparation in the event bulls break through 3000 in the SPX to carry stocks higher and what might happen then.  Be prepared for the bearish outcome but plan carefully for the bullish breakout should we see it occur next week instead.

For the third time in three weeks the S&P is at the top of the range of the volatility box. This is a crucial point in the market. The SPX all week has been skirting the top edge of the expected move for the week. Our last gravity point is a stone throw away. Don’t be surprised if this happens next…

We’re back into a familiar situation into an overbought level that suggests a short-term sell-off in price this week – and we may be seeing it begin in today’s session.  In tonight’s video, Corey highlights how the Volume Profile is again flashing an advantageous “sell signal” and what targets for success – or stops – are for the current scenario.

Markets explode higher led by the Russell 2000. However, we still remain inside the volatility box in myriad of products. Here’s the level you want to watch for a breakout…

Da Bears are everywhere!–Initial jobless claims – 36 million and counting–Retail Sales-16.4%, total spending down 89.3% YoY–BBY, JWN, BBBY, COST, WMT, KR–GDP could decline by 42% in the second quarter, according to the Atlanta Fed Monsters of Tech5.8*FB+6.4*AAPL+12.7*MSFT+GOOGL+AMZN–tech weak and threating to break apart–sector rotations are reversing–RUT, XLE, XLF, and Tech–if tech goes, we all go… The range is still with us…–the volatility box–the longer we are in the range the more violent break–Bonds–Gold–Index/Equities–Dollar Bonds showing signs of life SPX Expected Move–last week– 79.60 (expected)–next week––11 out of the last 18 weeks have seen moves OUTSIDE the EM

We’re still carefully watching and planning open and future trades off the 2900 level in the SP500 with a bearish outcome likely, but we’re offering bullish hedges in strongly trending stocks making new highs as a way to protect your portfolio – or take advantage – of a surprise bullish outcome in the near future. 

The S&P 500 broke below and closed beneath this week’s expected move.  This leaves us with a critical day in the markets tomorrow and Friday.  If the markets close the week outside the expected move to the downside it would be a strong bearish signal.  Let’s look at a few other factors to take into consideration…

The markets fell sharply this afternoon, snapping a rally back into key levels especially in the SP500. In tonight’s video, Corey rapidly updates you on today’s development and what it means for the market and your positions.

As the S&P stays stuck in a tight range volatility futures are showing signs of returning to normal. But, here’s the one thing that will determine the market’s next move…

20.5 million with 14.7% unemployment Even the most bullish of the bulls are skeptics–Pros are in large part net neutral–Retail driving the bias The range is everywhere…–All asset classes are in lockdown mode!–Bonds–Gold–Index/Equities–Dollar Potential is explosive…–the volatility box–aka: the hurt locker Bonds might be coming back to life, defining factor–NIRP scare–Fed balance sheet My Primary Positions–Net Short delta – tech, xlp, cost, csx, hd–Long delta in energy sector – xle, xop–Long call backspreads (hedges) – xlf, eem, tlt–Long Iron Condors – spy SPX Expected Move–last week– 106.93 (expected)–actual move–99.09–next week– 79.60 (expected)–11 out of the last 17 weeks have seen moves OUTSIDE the EM