[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] Will CPI Consumer Price Index – a key measure of where inflation is trending – surprise us tomorrow? In tonight’s video, we pinpoint the “higher than expected” along with the “lower than expected” plan and how that could affect the market trading Wednesday and beyond, along with the odds of the next Federal Reserve interest rate decision. We pinpoint where sectors are midway through 2023 and how we’re viewing these sectors.

[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] Everyone knows that there is an outsized impact from the likes of Apple Inc (Nasdaq: AAPL), Microsoft Corp (Nasdaq: MSFT), and others. This short list of 7 companies carries about a 55% weighting on the Nasdaq 100 Index. Well, no more. The special rebalance is scheduled for July 24, 2023. Let’s visit the impact of the rebalance today’s unusual option activity trades (AAPL, MSFT, NVDA, SBUX, CDE, LYFT).

[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] -SP500 took a mild hit, NASDAQ did not -Markets are stagnating until Tech says otherwise -Jobs, ADP & the FED -Where does the 10 year rate break markets? -Volatility, skew, and negative gamma -Position update SPX Expected Move– -last week – 53.67 (expected move 3 1/2 day week) -next week – 59.00 (expected move 5 day week)

[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 had a hint of potential surprise with the monthly Non-Farm Payrolls report released each first Friday of the month. Although usually a non-event, the ADP jobs report surprise – twice the number of jobs added as expected – was a major event and sent the bond market falling to downside price targets as yields rallied to the key 4.0% level in the 10-Year Treasury Note. Stocks slid lower as well as we’re adjusting to stronger than expected jobs numbers and any additional surprises ahead with the big monthly Jobs Report tomorrow. In tonight’s video, we also update all the nine major market sectors and how they’re holding up – or not – halfway through 2023.

[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 looked at the upcoming Fed Minutes as a catalyst for the market, focusing on the discord in the Fed rather than the rate decision. We also discussed a non unanimous decision in the rate pause as a signal of uncertainty and running out of ideas on how to manage inflation.

[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 appears that traders are making a move on high short interest names in EV and crypto as we head into the Independence Day holiday. The setup is similar to last Monday but more focused as big cap tech and cyclicals led last week. (RIOT, MARA, BITO, COIN, FSR, NKLA, TSLA, RIVN, BYND, WMT)

[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] -Window dressing or real rally? -Order-flow in tech has changed -Expected Moves XLF & XLE vs QQQ -Bonds & yield curve -Position update SPX Expected Move– Last week- 54.73 (expected move 5 day week) Next week- 53.54 (expected move 3 1/2 day week)

[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 Final GDP as a confirmation of a resilient economy and the justification if not requirement of future Federal Reserve rate hikes. We discuss the movement of copper as an indication of falling global demand and also look at the bearish breakout in bond prices and bullish breakout in yields as confirmation of future rate hikes.

[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] Ultima Trades strike again as we close several profitable positions this week in a highly uncertain market.

[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] Today saw the stock market rally over 1%, snapping last week’s series of down days with a bounce play intraday. However, some of the strongest stocks in today’s session surprised traders with resilient relative strength in surprising sectors. In tonight’s video, we’ll pinpoint these unusually strong stocks that continue to get stronger amid a mixed market in motion.