[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 additional data that inflation is cooling – that’s generally good – but the market still refuses to move meaningfully away from this 4200 level in the SP500. In tonight’s video, we highlight the increasing split between key financial stocks and certain tech stocks and note why they’re moving in different directions and what that means for the market as we stay rangebound for the moment, but that could change very quickly. Be 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] In my 25 year career I can not recall a time when we have to watch so few stocks that are going to move the market. The monsters of tech are the only stocks holding the market up and it looks like the mother of the monsters of tech, AAPL, is poised to continue to go higher. The S&P continues to stay range bound. Now is the time to keep powder dry and wait for the big move to happen. The S&P will explode either higher or lower and you best be ready when it does.

[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 market reactions to rising CPI We compared inflation data between the U.S. and the Eurozone and the impact to the U.S. dollar index. We also estimated the equity pullback we might expect if the U.S. dollar rises.

[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 CPI data being released on Wednesday and the Biden administration starting talks with Congress on Tuesday, it looks like this could be a big week for volatility. Looking at volatility gauges, it appears that traders are pricing in that potential as well. (DE, SMG, RIO, GEO, NFLX, AMD, FUBO, USB).

[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 that defines everything -if not for Tech we’d be.. -vix crushed but SKEW it -when the range breaks we get nasty Get your trade on – This week’s Profits and Losses -opened Catapults in META vs /ES short puts -big tech shorts! META, NVDA, MSFT -short puts and feeling the fear! SPX Expected Move– -last week – 72.20 (expected move 5 day week) -next week – 68.84 (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] Despite Chairman Powell attesting to the strength of the banking system, regional banks were back in the spotlight as the sell-off resumed following yesterday’s close. The bearish tenor from yesterday extended in today’s trading session as bearish options activity continued to escalate. Is the move over and is the market beginning to price in a rate cut? (KRE, USB, KEY, BAC, CMA, KEY, DEN, MRO, GDX)

[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 has spoken and the marketplace is hanging on by a thread as we approach the 4106 handle. Join Don in tonight’s video as he discusses the volatility that may be lingering just 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] 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.