Stock Sell Off

Stock Sell Off As predicted the selling the broader market resumed today with the Bond markets exploding to the upside. Fear is in the air but the volatility index is still not reacting to what has amounted to heavy selling across all sectors and the financials seeing a nearly 3% decline.

GOOGL Earnings

GOOGL Earnings GOOGL earnings makes Google or Alphabet, Inc is the new 800lb gorilla. The largest company by market cap! Can GOOGL lead the markets higher? We will soon see. The risks in this market is vast. Let's go through them one by one tonight.

Selling Premium Weekly Options

Selling Premium Weekly Options Selling Premium in Weekly Options has been what's out there. The SPX last week stayed within the expected move. Ideal for premium sellers. So what to expect next week? I've been watching the SKEW which has dropped off significantly. I'm interpreting this as traders are reloading for the next down move.…

Treasury Notes

Treasury Notes Treasury notes is where a lot of the flight to safety money goes. We will continue to keep an eye on where institutional investors are going to put their money to work. So far bonds are holding strong. Also, tonight we will take a look at a lot of stocks with earnings.

FOMC Announcement Sparks Selloff

FOMC Sparks Selloff The FOMC announcement sparks a sell off in stocks today. The FOMC announcement shows a 180 in policy from only 6 weeks ago when they raised rates for the first time in 9 years. The sell off in stocks led to another spike in volatility. The Fed indicates a slow down in…

Will the Lows Hold

Will the Lows Hold? What are the odds the SPX lows hold? We can use the chain to determine what the probability a strike price will be in the money by expiration. That will tell us the probability of the lows being tested or broken. There's a lot of news coming out in the next…

XLF Stock Watch

XLF Stock Watch The market gave up most of the gains from Friday as each rally is met with a new wave of sellers. In a volatile market predictability goes out the window. All I'm doing is selling out of the money premium and that's all I'm recommending right now. The most ominous aspect of…

Bear Market Rally

Bear Market Rally Is this a bear market rally? I believe it is. Let's take a look at the market divergences which are tell tale signs of a bear market. Volatility futures are still telling me risk is imminent. The most precarious area is the financials that didn't perform as well as the rest of…

Stocks to buy

Stocks to Buy Any stocks to buy? It does seem like stocks are on sale as the S&P has already hit a 52 week low. If you're looking at stocks to buy here are some guidelines. You wanna find stocks that have shown relevant strength compared to the overall market. Here are a few example…

Trading Volatility

Trading Volatility Just when it looks like it's all over the markets rally higher. This is the type of day I've been looking for. The S&P Futures low of 1804 may be a short term bottom, but keep in mind the S&P was still off 20 handles today. Volatility is the name of the game…