While I can’t say that I predicted this week’s wild market action, I certainly prepared for it. And now I feel like I’m in a position to leverage fresh opportunities. Again last Tuesday, we got a whiff that rising inflations were sending...
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RoboStreet – February 25, 2021 Sector Rotation Spurs Market Volatility There are a number of fluid dynamics simultaneously occurring that are raising the level of volatility within the market. The Atlanta Fed has raised their GDP forecast for...
Read MoreI hate it when I have to exit a losing trade. Still, sometimes proper portfolio management requires that we bite the bullet and take a small loss. That’s what happened in Options360 earlier this week. We closed a trade in WMT for a $126...
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Dow Jones nearing 32,000 record territory On the second day of Fed Chair Jerome Powell’s testimony, major U.S. indices impressively booked gains with the Dow Jones nearing 32,000 record territory. Powell’s dovish sentiment eased market concern,...
Read MoreCurrent implied volatility offer nice premiums and good risk/reward set-ups Yesterday, I discussed how I’m employing credit spreads to ease into new bullish positions. The reasoning behind this approach is two-fold: Current implied volatility...
Read MoreMomentum of tech names fall for five consecutive days Since posting that rising rates might derail last Tuesday, the momentum of tech names such as the Invesco Nasdaq100 Powershares (QQQ) have fallen for five consecutive days with declines now near...
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Latest stimulus package works its way through Congress Following a mixed performance last week, U.S. benchmarks started the week similarly with the Dow nearing record territory and closing in the green while the S&P and Nasdaq finished in the...
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