IQ ‘Entertains’ 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 “Hikaru no Go” made news yesterday. The first episode gained significant acclaim internationally and is shows the quality of…
The Rotation Game, Market Musical Chairs!
Markets continue to grind higher on light volume. While the monsters of tech are doing nothing capital is rotating into other big NASDAQ stocks like Tesla. Here are the trading ideas Don likes right now…
Stocks Rally On Unexpected Bipartisan Stimulus Proposal
Another Massive Rally It didn’t 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. We’ve 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 Adobe’s 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 doesn’t speak to the potential unsustainability of movement without other considerations. While price is “king,”…
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.…
The Bullish Drift Continues into December
Last week's 'bullish holiday drift' carried into the start of December. In tonight's video, Corey highlights the new all-time highs in the NASDAQ and SP500 and which key stocks - including GOOGL - are joining the market and all time highs and importantly which key market cap leaders are not (that might surprise you). What…
November 2020 Was A Historic Month
November Ends As it turns out, November ended on a sour note. However, we can’t let that make us miss out on one of the most amazing months in market history. Combined factors that were the market entering the month oversold, the election hedges unwinding, and 3 successful vaccines coming out all helped stocks do…
Holiday Shopping Results Are In
BAC Data Was Good We are starting to get holiday sales data which tells us the true health of the consumer. Initial results are great for online shopping and terrible for in person shopping which is what we expected. The chart below shows the only data that was positive heading into the holiday shopping season…
Proof of Work vs Proof of Stake: Cryptocurrency 101
Proof of Work vs Proof of Stake If you’ve never heard of the terms of proof of stake (PoS) and proof of work (PoW) you’re probably in the super majority of investors. That’s because you’ve probably never entered the realm of cryptocurrency. Entering this world opens you up to a whole new set of investing…
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