[video_player type=”youtube” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”]aHR0cHM6Ly95b3V0dS5iZS94MDNSd2dONTdIYz9zaT1wbEpIQzZSVGZic1k5Szli[/video_player] Despite the rebound in the U.S. Dollar, stocks have held their recent gains well, and we continue to see leadership from key sectors like technology. The bond market seems to be pricing in more disinflation, especially as crude oil falls to new multi-month lows.

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] The market has been ripping higher as the gamma and short squeeze plays out. Here’s a look at today’s “double dip” strategy of unusual option activity and short interest. However, with Tech lagging, how much juice is left to squeeze? ($HOOD, $FXI, $CVNA, $COIN, $SOFI, $ARKK, $IYR, $XRT, $AX, $BBWI, $RDFN, $CGC).

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] – Mag 7 leadership role diminished this week – Financials continue to hold SP500 together – FED Fund Futures are ludicrous – positioning in a one-sided market (JPM, BA, IBM) – heavy skew, huge volatility contango – markets don’t trust the future? SPX Expected Move – -last week – 46.29 (5-day expected move) -next week – 57.36 (5-day expected move)

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] In today’s video we look at pending home sales. We discuss the -1.5% pushing the pending home sales not just to an annual low but the lowest reading since the creation of the pending home sales report. We highlight the lag in existing sales report compared to pending home sales. We also discuss home builders and bond yields.

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] The Magnificent 7 make up all of the S&P 500 gains in 2023. That is really incredible when you think about it. Can those 7 stocks sustain the entire market in an economic slowdown? Because right now an economic slowdown is being predicated. When you look at the Fed Futures Watch Tool rate cuts are predicated to be started as soon as March. When you look out further there’s high probability of 4 to 5 rate cuts next year. If that’s true we are looking at a severe economic slowdown next year. Will the market start to price that in this week? Let’s take a look…

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] We’re quickly coming to the end of 2023 and getting ready to start a fresh new year that’s a month away! In tonight’s video, we pinpoint the sector performance with the 2 strongest sectors, 3 weakest sectors, and the remainder that traded sideways this year. We also scan for the stocks showing the continual relative strength – and weakness – so far in 2023 with one more month of trading to go until a fresh new year begins.

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] It’s been a great run over the past few weeks. However, the indications from the volatility markets are signaling a 5-10% correction in the coming weeks. This places a historically bullish period in the sights of market bears as we head into the end of year. (GOLD, NEM, CLF, STLD, AAL, SAVE, DAL, MARA, COIN, T)

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] -vol has been crushed, possibly too far… -one last hurrah in bonds? -does anything but the Magnificent 7 matter? -will markets hold it together till year-end? SPX Expected Move — -last week – 48.53 (3 1/2-day expected move) -next week – 46.29 (5-day expected move)

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] In today’s video we look at Durable Goods Orders as a predictor of bond prices and business cycle. We discuss other recession indicators and we discuss the expectations of another push higher in equities going in to the end of the year.

[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player]   We’re seeing little movement in key tech stock NVIDIA (NVDA) after hours, at least on the initial earnings announcement. In tonight’s video, we pinpoint the price targets and then continue scanning for relative strength in a flat sideways market outside of key tech stocks. We have your update covered for you in a holiday trading week.