Tech To Have A Bad 2021
Solid Day For Stocks Other Than S&P 500 Thursday was a mostly good day for stocks. There was some modest volatility near the close on the news that Pfizer cut its estimated vaccine distribution for 2020 in half. Thatās not important to stocks. The year is practically over. Vaccines arenāt going out until the last…
Many Donāt See A Stimulus Passing In 2020
Update On Stimulus The latest headlines on the stimulus sound good, but many are actually quite skeptical. On Thursday, McConnell stated he has seen āhopeful signsā for a deal, but he released a $500 billion proposal. He hasnāt moved his stance in the past few months. Pelosi and Schumer backed the $908 billion bipartisan proposal.…
Skew and Verticals: Youāre Either with Me or Against Me
After the many years Iāve taught option trading, skew is probably one of the least understood concepts. In theory, applying skew is really easy. You want to sell thigs that are more expensive and buy things that are less expensive. Most people get that, but the issue with skew is that itās not the price,…
Snowflake, Carvana, and FuelCell Energy All Crater
Extreme Greed Continues The stock market inched up on Wednesday to a new record high. It continues to defy gravity. The CNN fear and greed index rose 2 points to 87 which is extreme greed. NAAIM index this week will be above 100 again since stocks havenāt fallen from last week. The AAII investor sentiment…
2020: Small Business Disaster
Small Businesses In Trouble NFIB survey is way too optimistic of a depiction of how small businesses are actually doing. The strength of small businesses is strongly dependent on the industry and state/city the business is in. Letās look at more Paychex data from November. In Texas and Florida, the indexes are at 96.73 and…
IQ āEntertainsā Option Traders as Call Volume Surges
IQ Unusual Option Activity Report IQIYI Inc ADR (NASDAQ: IQ) is a Chinese online entertainment company that offers video games, online games, live broadcasting, social media platform, etc. The success of iQIYI's live action adaptation of āHikaru no Goā made news yesterday. The first episode gained significant acclaim internationally and is shows the quality of…
Stocks Rally On Unexpected Bipartisan Stimulus Proposal
Another Massive Rally It didnāt seem like the market had the capability to have another massive rally since the NAAIM index is at a 2020 high as stocks were very overbought prior to Tuesday. Weāve already gotten the vaccines. There will be news in the next few weeks on their distribution. The first Moderna shipments…
How Was Cyber Monday?
Cyber Monday Disappoints Adobe Heading into Cyber Monday, we knew it was going to be a bonanza for online shopping because of the pandemic. According to Adobe Analytics, holiday shoppers spent $10.8 billion online which was up 15.1% from last year. That was way below Adobeās estimate for $12.7 billion. Remember, NRF expects 20% to…
Stocks Gone Wild: Float Analysis of Parabolic Movement
One the hallmarks of a frothy stock market are when a litany of stocks are going parabolic. A parabolic move is when the angle of stock price movement is north of 60 degrees. While that is a general definition, it doesnāt speak to the potential unsustainability of movement without other considerations. While price is āking,ā…
AGNC Attracts Bearish Option Interest as Yields Rise
AGNC Unusual Option Activity Report The benchmark 10-year U.S. Treasury note saw its biggest intraday sell-off in a while and option traders for AGNC Investment Corp (NASDAQ: AGNC) appeared to take notice. AGNC is a company who invests in mortgage REITs and finds itself in a precarious position since selling off during the Corona Crash.…
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