Headline Risk: The Gift that Keeps on Giving
Stimulus, Brexit, Economic events, randomness! All keep us on our toes! With the end of the year in play and holidays approaching quickly, it's ongoing headline risk that's keeping the market active and our positions hedged for whatever comes next. Are you prepared? We don't have to know what's about to happen, nor can we,…
Option Traders Find Bullish Stocking Stuffers to End 2020
Christmas Unusual Option Activity Report As Christmas fast approaches and 2021 is almost a reality, option traders are doing last minute shopping. These “stocking stuffers’ are plays that are looking for a positive move by New Year’s Eve. While it’s impossible to know which publicly traded companies are on Santa’s list, these large option trades…
The Stock Mania Goes Vertical
Still A Bubble The past few days have been mixed for stocks, but there is still a ton of speculation in the market. The biggest example of this speculation is in Apple stock. Apple was up 2.9% which put it just 1.7% below its record high. It rose on the story that it will have…
Consumers Don’t Like What They See?
Redbook Sales Growth Bumps Up Redbook spending growth in the week of December 19th rose from 2.5% to 6.5%. That’s actually a good reading. It had been in the low single digits for a while. If it can stay in the mid-single digits, it will be a positive sign. As for now, it’s just 1 week…
Holiday Week Trending Stock and Tech Stock Update
We continue the bullish holiday drift in the broader market as 2020 rushes to a close. In tonight's video, Corey highlights the strongly trending stocks making new highs and then discusses the picture and price levels setting up for trades in leading tech stocks in play…
UAL Fades as Fiscal Stimulus Trumped by COVID Concern
UAL Unusual Option Activity What will 2021 bring for the travel industry and especially the airline industry and especially United Airlines Holdings Inc (NASDAQ: UAL)? There are the transitory factors like COVID-19, but there is also the potential for more permanent changes in how people travel. For example, will business travel return to pre-COVID levels?…
Best Breadth Ever? Mania Lives On
Slight Decline Monday Following the stimulus agreement and the worries about a new COVID-19 strain, the stock market opened down largely on Monday. Throughout the day, the market recovered. It only ended up down modestly, with small caps ending up. Small cap value was the biggest loser. You can say investors were scared about the…
We Finally Got A Stimulus!
The Stimulus Is Finally Here Congress finally passed a stimulus. We have been waiting for one since October. Most didn’t think anything would pass initially, but also it seemed improbable that people on unemployment would be left out to dry. What really pushed Congress in the direction towards getting a deal done was the weak…
Sellers Rejected or just Warming Up?
Tesla added to the S&P 500 today as the 6th largest company in the index. For every $10.60 move in TSLA is worth $1 in the SPY that means TSLA is directly responsible for today's down day. However, all eyes should be on the financials which held the market together today. If financials break it…
Oil Stocks Find Option Bulls as Crude Finds Backwardation
Oil Stock Unusual Option Activity Report If you follow the oil market, there is so much to digest right now. Between stimulus, draconian COVID measures and the possibility that a more virulent version of COVID is muddying the waters. If you’ve read the blog, I’ve been pretty bullish on oil and energy stocks since early…
Recent Comments