What's Next for this Pancake Market?
What's a Pancake Market you ask? It's what it feels like this week where the market stayed flat all week despite economic and headlines hitting the tape all week. Nevertheless, the market is gearing up for major companies - especially financials - reporting earnings Friday and into next week so let's take a look at…
Complete Correlation Breakdown!
In tonight’s video, Don describes today’s trading session as a complete correlation breakdown. Tune in and find out what exactly Don means by that statement. In addition, Don says to look for volatility to come back in the remainder of the week and to be prepared for some fairly substantial moves…
Financial Stocks Charge the Market to New Highs (as Bonds fall)
The bullish holiday creep extends through the first week of 2021 as financial stocks surged to new highs, and in some cases new all-time highs. While the SP500 and NASDAQ did not quite cross the bullish finish line, the Russell 2000 index and IWM ETF did. In tonight's video, Corey discusses these developments along with…
MOMO finds its MOJO as Option Volume Surges
MOMO Unusual Option Activity Report Several weeks ago, I did a session for Theotrade on companies looking to break out and Momo Inc (NASDAQ: MOMO) was one of them. It’s fitting that it’s breaking out today on substantial volume and a commensurate surge in bullish option activity. The original thesis was the company’s valuation and…
XLE Big Bullish Option Interest After Goldman Oil Outlook
XLE Unusual Option Activity Report The Energy Select Sector SPDR Fund (NYSEARCA: XLE) gapped lower on the open yesterday as the price seemed ready to retrace following last week’s bounce. That quickly changed as Goldman Sachs raised its summer price target for oil. Their updated price target for the commodity heading into summer is now…
A Beginner’s Guide to Value Investing in 2021
As we kick off 2021, it’s inevitable that the financial media will discuss whether this will be the year for value investors. It’s been a lean decade or more for style investors that plant their flag on the value investing camp. However, it’s a new year and with it comes new opportunity. Let’s explore the…
Tesla Inflicts Damage Across Markets
Tesla is responsible for all the damage in the market today. In other notable areas of risk bonds continue to sell off sending interest rates higher. VIX jumps higher and we clearly in Vomma Zone with a 120 reading. Here's what to watch the remainder of the week…
BFT Find’s Bullish Option Interest Before Trading as Paysafe
BFT Unusual Option Activity Report Foley Trasimene Acquisition II Corp (NYSE: BFT) saw a flurry of call option buying Monday as the SPAC moves closer to trading as Paysafe. According to reports, the deal that was announced on December 7, 2020 will see BFT trade under the name Paysafe on the New York Stock Exchange…
Tesla Poses Imminent Danger to the S&P500
Bonds/Rates—Inflation, jobs -140k—Free money forever?—US Dollar—Financials—Home Builders The Dangers of Tesla—market cap 800 billion—weighting in the sp500—AAPL vs TSLA who carries more weight?—all it will take, one bad day... Parabolic Moves Coming to an End?--Financials SPX Expected Move--last week-- 89.79 (expected move)--next week-- 77.03
Option Traders Turn on FCX Following Gold and Silver Rout
FCX Unusual Option Activity Unusually large bearish option activity popped up on Freeport-McMoRan Inc (NYSE: FCX) following gold and silver losing 3.53% and 6.92%, respectively. The share price of FCX only finished 0.61% lower but calls into question that near-term potential of the mining stock after its large run. At least for option traders, the…
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