For Tuesday: No sugar coating todays trade...it was an old fashion beat down. Today's selling was broad-based including some of the strongest growth stocks. As we have said, there is a time to be aggressive and a time to go light. Now is the time to go light. Also, from the Equities Quick Sheet, the IV ranks are rising which means we can start to look to sell credit spreads. …
For Monday: Now that OPEX/Quad Witching is out of the way, let the FED step to the plate. As you can see the number of consolidating equities is large. NO doubt, this will be a VERY important decision for the FED and most likely will make the market move. For this reason, we will NOT be initiating any new positions in front of the meeting. Have a great Monday!
For Friday: Welcome to OPEX/Quadwitching day. The markets have been making swings as institutions are jockeying for a pinning area. We have never found OPEX day to be a great day to initiate new positions. We will watch, take notes, and manage our open positions. Have a great weekend!
For Thursday: Equities found a bid mid-session and didn't look back. They will need to hold the gains into Thursday and Friday to avoid more downside. From the Equities Quicksheet here are a few symbols we are watching: AMZN, NVDA, UPST, and FCX. Have a great Thursday.
For Wednesday: The market is slowly deteriorating while dip buyers are wondering..."where are the buyers". There is no doubt the market is nervous about next week's FOMC along with this week's expiration. With the options expiring it could bring on a wave of increased volatility which could be fueled by the FOMC's decision. We are starting to raise the caution flag until we get past the FOMC meeting and Uncle…
For Tuesday: The market held up better than most expected today. The S&P rallied late in the session as bulls stood their ground. Bulls could place a headlock on the bears by taking out Monday's highs ad holding it. As always, be diligent with your risk. From the Equities Quicksheet here are a few symbols we are watching: PLTR, TSLA, BIDU, ORCL, and GM. Have a great Tuesday.
For Monday: Friday's close was ugly and could continue into the Monday session. We OPEX/Quad Witching this week so make sure you have set your risk on open positions. From the Equities Quicksheet here are a few symbols we like: CLF, TSM, GSK, and FUBO. Have a great Monday.
For Friday: Equities struggled today as the market ripped higher off the open but lost the gains midway through the morning session. We've been seeing a lot of this and with OPEX and the FOMC meeting over the next couple of weeks, we are confident we'll see more of a directional move up or down. From the Equities Quicksheet here are a few symbols we like: FUBO, NVAX, PLTR, MARA. …
For Thursday: Sellers gave it the old college try, but...buyers saved the day again! With OPEX next week and the FOMC the week aftermarkets are getting nervous. From the Quick Sheet, you can see the Early Seller list is larger. It's a reminder to manage your risk. From the Quick Sheet here are a few symbols we are watching: CZR and DOG. Have a great day!
For Wednesday: Growth stocks were rocking on Tuesday. Of course, this is not a new story. As we mentioned yesterday, we continue to watch prices and manage our risk as equity prices are getting into frothy territory. From the Equities Quick Sheet here are a few symbols we are watching: AMD, MTCH, and DIS. have a great Wednesday.