Apple and Tesla Are Bubble Stocks
No Rate Hikes For A Long Time In an analysis of the Fed’s decision to delay setting targets and not control the yield curve, it's notable that the Fed doesn’t need to convince people rates will be lower for longer. Fed has now convinced everyone that rates won’t be raised for the next few years. …
Bifurcation and the Death of Diversification
QQQ and the hedge that saved my bacon--yes I am still short but hedges have helped Long is dangerous and hedging is tough--even a tail has RISK! Expected moves and the great bifurcation--QQQ, SPY, IWM, XLE, XLF Diversification is DEAD!--NASDAQ 100--SP500--EEM--Low Beta does not constitute low risk--Where are you gonna go? SPX Expected Move--last week--…
Stock Market’s Breadth Stinks - Nasdaq Bubble Almost Over
Most Stocks Selloff In a normal market, you would say Thursday was an extremely unusual day. However, this is the most bizarre market most have ever seen, so it’s consistent with the new normal. Logically, it makes sense stocks fell when the housing market was imploding and the banking system was shaky back in 2008. …
Jobless Claims - Bankruptcies Increase
Very Weak Jobless Claims The economy is in a race against time. Good news is the number of COVID-19 cases is falling rapidly and the labor market is improving. Bad news is federal unemployment benefits have gone away in most states. 11 states have started paying people $300 per week and 3 states are paying…
Tech Strengthens as Cracks Become Clear Beneath the Surface
It was another "tale of two markets" with the tech-heavy NASDAQ, QQQ, and XLK surging to new all time highs on the strength of the monsters of tech... but that was the only sector positively on the session. In tonight's video, Corey highlights the Volume Profile levels and what's working behind the scenes of the…
FAANG Stocks Look Vulnerable
Stocks Fall On Fed Minutes We’ve all watched stocks react to Fed announcements for years. In the last few months especially, we’ve seen the market fall initially after an announcement and then rally to a new high on the day. Most didn’t bet on it, but some were very confident the market would hit a…
Fed Disappoints Investors
Fed Minutes Spook The Market The Fed Minutes caused stocks to fall on Wednesday which is unusual because normally the market ignores the Minutes. Minutes are usually elongated policy discussions that get wonkish. They are a month old, so they don’t often bring anything new to the table. However, in this case they did because…
A Mild Sell-0ff or a Warning Shot?
Stocks selloff mildly today as many traders are looking at the S&P potentially being at a double top. Here's a trade Don did today that for very little money gives you a huge reward if there was a big sell off by the end of the year…
Stocks Limp To A New Record High
Horses Carry The Market To A Record High On Tuesday the stock market reached a record high in very unconvincing fashion. Large cap tech stocks drove it up, while most stocks actually fell. S&P 500 had 161 net decliners which means 161 more stocks fell than rose. The stock market has had 12 days this…
Is The Economy Weakening In Mid August?
Retail Sales Growth Improves Again The number one story in macro is the impact of the decline in unemployment benefits now that we know the benefits will go out slowly, many people won’t get them, and even the people who do get them are getting less money than they got in July. We already know…
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