While the broad markets continue to crash and make lower lows, one interesting pocket of the market may be done selling. The S&P is off about 30% from its highs, but tech growth names have all been clobbered… Think down 70%. The poster child of this tech bubble has been ARK and Cathie Wood. Her […]
No matter the asset or where it trades, humans will always be behind the wheel. Messy, panicky humans with brains that can’t tell the difference between losing a couple thousand bucks and a saber-tooth tiger. That means we can have a cutting-edge asset like a Decentralized Autonomous Organization (DAO) that still follows the same dynamics […]
SPY Equities are attempting to carve out a higher low. I’ve been watching the swing Anchored Volume Weighted Average Price (AVWAP) from the recent lows. While we cleared under it on Thursday, enough buying happened to get it back above that level. I’m noticing some improved stock dispersion, meaning we aren’t all running on the […]
The Fed fully telegraphing its policy into year-end, combined with easing commodity prices, has set the stage for possible shifts in sentiment and price action. I’m not usually one to say “all-in” and call for a bottom for the year… But we’ve seen some conditions that have lined up with prior major market bottoms. So […]
As I talked about in Monday’s Market Primer, we needed to pick up more price action before making a case for a continuation move. Now, we could be close to another push higher. Let me show you the easiest way to see if a market bottom has legs. We’ll take a look at the S&P […]
Last week, we talked about how in a market crash, the best option is sometimes to be a buyer instead of a seller. The risk-reward is much better. But after publishing that piece, a few readers reached out to ask me, “What’s the best option to buy?” As with anything related to options, the answer […]
The S&P is down 30% off the highs, but it’s truly been a bloodbath in tech stocks. Trying to time the bottom and hold for a longer move can be tempting, but you have to have a plan… And think about “why” a stock will trade higher. Let’s take a look at Zoom Video Communications […]
SPY Friday felt like a proper gamma squeeze. This is when too many players get caught short calls and are forced to buy into strength… Causing a huge momentum shift in the market. Gamma squeezes can lead to nice moves higher, but they tend to die off quickly and be a function of which options […]
