Does Tech Dominance Create Systematic Market Risk?
Market are owned by TSLA and NVDA-- -Financials down 1% -Energy off 3.9% -DOW off 230 points -Spuz massively unchanged! -Even AMZN and GOOGL down did not negatively impact NASDAQ -internals and overnight /ES trade do not matter! -massive rotations may take place if big tech sells off Profound Market Moves-- -QQQ -IWM -TSLA Markets…
Tech Surprise Leads to All-Time Highs...While Most Stocks outside Tech Fall
Today is another "tale of two markets" where surprise bullishness on earnings from Nvidia (NVDA) coupled with news driving Apple (AAPL) and Amazon (AMZN) higher pushed the NASDAQ and QQQ to new all time highs along with some other tech stocks. However, on the other side of the market, weakness continued as sectors and stocks…
Bitcoin Taproot is Live & Here’s What You Should Know
The activation of Bitcoin's Taproot upgrade went live this week. The update comes just as it appeared that Ethereum was about to overtake Bitcoin. Taproot represents the largest update in four years and sets the stage for Bitcoin smart contracts. The upgrade is a big deal for Bitcoin and may maintain its preeminence in the…
Change at the FED and a Cooling Market?
Markets continue sideways action with notable exceptions like AAPL. Changes at the FED is an unknown and the markets don't like unknowns. Could bulls be waiting to get confirmation on the FED before they feel comfortable buying again?
Earnings, Strong Stocks at Highs, and Rivian (RIVN): What's in Play this Week?
The SP500 fell a few points shy of a new all-time high as key leading stocks did break to new all time highs. Which stocks outperformed the market to break new highs, which key major stocks (including one key one) report earnings this week, and what's up with Rivian (RIVN)? Plan ahead this week in…
Massively Unchanged Finish Hides Strength in Utilities and Energy
Not exactly the most exciting day as the major market gauges finished massively unch'd or rather unchanged. While the market is treading water, the Utilities and Energy sectors finished strong along with other significant option activity. (PINS, MNST, PAGS, CLOV, APP, XLE, XOP)…
Is Big Tech All that Matters in Markets?
Tech's domination--How dominant is tech in the SP500-TSLA-NVDA-Rotation within the sector-loss of market internals Inflation, CPI, consumer sentiment--Bonds/rates-Gold-Dollar Volatility Update--/VX contago is stellar-VVIX-SKEW Market at Fever Pitch--Options Volume-RIVN - 110 billion market cap SPX Expected Move--last week-- 62.51 (expected move)--next week-- 60.41
The Pullback Play - Your Price Levels Paying Right Now
We continue seeing the market pullback or retrace - in a much less volatile sense than Tesla (TSLA) earlier in the week as discussed in Tuesday night's video, and we simply update our current targets with each day. What are those target levels and how can you set targets on your own charts? Find out…
Will Big Tech Take Down the Markets?
Tech leads the market lower as bonds reverse and dollar rallies. The major indices hit the lower edge of the expected move for the week. Tomorrow the bond market is closed. Here's the one stock to watch the rest of the week…
TSLA Tumble Reminds us the Risk of "Buying the Highs" and Reward of Patience
The big news of today's session was the drop in Tesla (TSLA) shares which fell 12% in today's session. Is this a sign of what's ahead for the market from a similar perspective? And what other lessons about patience and puts and pullbacks does TSLA share with us? And where might pullbacks target? Find out…
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