[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 discuss the Institute of Supply Management manufacturing and pricing data. We discuss the continued compression in manufacturing for nearly 16 months while prices move higher again. We looked at bearish positions in Industrials, specifically Boeing (BA).

[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] -Range Bound? /ES levels to watch -Realized volatility expanding -FRC is down and out, who’s next? -SKEW is a rockin’ -FED, Jobs, ECB Get your trade on – This week’s Profits and Losses -covered /ES calls -opened in/out BABA spread -opened Catapults in TSLA & QQQ vs /ES short calls SPX Expected Move- -last week – 61.77 (expected move 5 day week) -next week – 72.20 (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 discussed Advanced Gross Domestic Product. The decline in GDP as a sign of economic slowdown and forecasting a potential recession. We also reviewed the CME Fed Watch Tool pricing in rate cuts as early as July.

[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] Big tech continues to save the market from the abyss. Big tech is the only major sector up YTD and it’s being driven by MSFT, AAPL, TSLA, NVDA, GOOGL, AMZN, and META which account for 90% of the S&P YTD to gains. For the week the SPX is already at the lower edge of the expected move. How much longer can a handful stocks hold up the entire stock market? Once these stocks get picked off one by one there’s no sector that can keep the market up.

[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 saw a sell-off in stocks in our “Reward Pathway” Play today with many stocks taking a larger hit, but we ended the trading day with surprise earnings beats from tech-titans Microsoft (MSFT) and Alphabet (GOOGL). In tonight’s Theo Video Update, we put all the pieces together and continue planning the week ahead which has already provided some nice surprises for traders.

[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] Financials helped kickstart a better-than-expected earnings season, but volatility gauges are pointing to the downside risks. Energy and gold shined as they looked to rally off of oversold levels. The Communications sector is about to have a big earnings week and option activity trends cast doubt on a repeat of the performance of the big banks. (XOP, GDX, GLD, EFA, XLC, SQQQ, HYG, ZM)

[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 discussed the falling margins and lower costs of Tesla we looked at Tesla’s financials and estimated potential correlations in Toyota, GM, and Ford. We also discussed consumer discretionary and copper as an indication of demand.

[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] Markets continue to drift sideways as this is the 3rd week in a row where the SPX has not come anywhere close to the upper or lower edge of the expected move. This is highly unusual. Year-to-date, Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla are responsible for nearly 90% of the S&P 500’s gains. All are reporting earnings in the coming weeks starting with disappointing earnings from Tesla after the close today. Will earnings be the driver for the next market 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] We saw other large financial companies report their earnings along with stocks across other sectors miss or exceed expectations though the broader market was completely unchanged by the close. We’ll be focusing on IBM and Tesla (TSLA) tomorrow along with other key companies yet to report – here’s your guide to what’s happening now….

[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 about to wrap up the bank portion of earnings season as the debt ceiling discussions move to the fore. Is there any avoidance of “bumbling” into a solution? While earnings season hasn’t derailed the S&P, it’s the pre-earnings run that brings earnings guidance under the microscope. (SYF, TGT, CVX, CVE, HPQ, TME)…