[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] With Apple Inc (NASDAQ: AAPL) and Amazon.com Inc (NASDAQ: AMZN) set to announce earnings this week, is there any indication the market is overheating? Looking at Microsoft Corp (NASDAQ: MSFT) earnings revisions, it appears to be so. Following their earnings report last week, MSFT has seen 10% negative EPS revisions for current and next year’s earnings. That’s a pretty big adjustment and MSFT is down nearly 10% from highs. Maybe they didn’t say AI enough? (AFRM, FSLR, UBER, TPX, ETD, ARKK, X, FUBO)

[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] -Fed hikes and markets rally -This is NOT a retail rally -Two-sided trade ? -Low volume / limited liquidity – XLE & XLF -NASDAQ rebalance had no material impact -Correlation makes a brief appearance -Earnings on deck AAPL, AMZN -Will bonds/rates threaten the rally? SPX Expected Move– – last week – 61.59 (expected move 5 day week) – next week – 54.13 (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] In today’s video we break down Advance GDP and and what is driving growth. We compare the speculative growth in AI and NVDA versus Durable Goods and Durable Goods stocks.

[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 Fed raises 25bp as expected and Jerome Powell says absolutely nothing at the press conference. In fact one of the reporters illustrated how strong the economy is by the Barbie movie sales and Taylor Swift concerts. You can’t make this stuff up. As for trading the rest of the week recognize we have not hit the lower or upper edge of the weekly Expected Move. Something that has been happening recently on Friday of each week. It may feel like summer drift, but be careful out there because volatility may be right around the corner…

[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 not even halfway through one of the most active earnings and economic news weeks in 2023. Today’s session saw more upward drift in equities especially key tech names as we have Microsoft (MSFT), Google (GOOGL) and others reporting today, Meta (META) and others Wednesday, and Amazon (AMZN) with Intel (INTC) Thursday. Beyond key earnings, we have Wednesday as a Fed Day and more inflation data Friday – be careful and trade prepared.

[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] Technology has been tailing the past few weeks as its performance has found itself near the bottom of the list of 11 sectors. After such an explosive start to the year, it’s getting quiet and unexpected sectors like Financials and Energy are taking off ahead of a data-heavy week. Is this the beginning of the end of the bullish run or just more of the same neverending rotation? (CVX, OXY, MPC, JPM, BAC, KWEB, IQ, NIO, XPEV, VALE, FCX)

[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] –volatility suppression on a down day –a wild A/D line illuminates serious risks –bail before big earnings ? –FED 25bps, Powell quiet, yield inverted most since 81 –eventually we fade the AI/GPT trade SPX Expected Move– –last week– 56.05 (expected move 5 day week) –next week– 61.36 (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] In today’s video we look at the recent housing reports. We discuss the slowdown in building permits, new housing starts and existing home sales. Additionally, we look at the S&P Case Shiller Home Price Index as a signal of consumer wealth and spending habits. We compare the negative moves in home prices to the negative moves in U.S. equities.

[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 bulls hit the bid and send markets over the edge of the weekly expected move. The risk is clearly to the upside as over the next 2 days market can explode higher. So far earnings season has been lackluster. Tesla stock is flat and Netflix is down slightly. Basically unchanged. Here’s what you need to know over the next 2 days so you can monitor your positions.

[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] AI stocks continue lighting up the market with surprise news from Microsoft (MSFT) almost single-handedly saving the tech sector (XLK) and the NASDAQ. Otherwise, it may not be as bullish in other areas of the market beyond the key tech stocks that drive the tech sector higher. In tonight’s video, we cover the financial stocks and then big names Netflix (NFLX) and Tesla (TSLA) which report earnings – and could easily move markets – tomorrow after the close.