Blog

  Hope you had a good trading week. Sure the SPY and DIA made new all-time highs but the eye-popping gains this week were in the digital/crypto-asset space. Don’t look now but Ethereum is nearly $4000 and this past week more and more legacy/traditional financial institutions signaled their intent to dive into the digital asset space with product offerings and trading desks. For those of us who have been active and trading in the crypto space, the mainstream adoption of Crypto has been a long time coming but now we’re seeing that the best and brightest on Wall Street are […]

  The month of April ended with a whimper amid a very choppy tape and some fresh all-time highs thrown in the mix. After 7 consecutive months of higher highs, the grinding nature of the indices suggests we are now at somewhat of a stalemate or at least a point of consolidation where it makes putting fresh money to work a tricky proposition. With the new trading month, there are now some real downside risks if we see last month’s lows on the indices tested. Last week I called out your attention to the potential weekly reversal in bonds and […]

    Another week and another set of fresh highs for the SPY. Even with selling from the rumors out the Biden administration about a potential hike in capital gains tax on Thursday by Friday the markets had mostly shrugged off the apparent bad news and squeezed the shorts to end the week strong. With that said, for the most part, it was a go-nowhere week with the ranges remaining tight portending a potentially volatile week to come. This coming week is the final trading week of the month and we have a busy econ and earnings calendar so this […]

    As I mentioned in last week’s video, all eyes were on the QQQ’s this week as it seemed poised to join the SPY and DIA at all-time highs and the QQQ’s did not fail to deliver hitting ath’s mid-week and closing near ath’s. Congrats QQQ holders! :muscle: Our call on the reversal in bonds and gold continues to play out along with the strong correlation between the long bond and QQQ, as well as the long bond and gold. This coming week the IWM is the index to watch to see if it can play catch up as […]

    This past week the rally in equities continued as the SPY touched fresh all-time highs and the DIA joined the party closing at new all-time highs on Friday. This coming week the QQQ’s appear poised to set all-time highs and the IWM is now the odd index out trailing far behind. The fear of additional fallout from the Archegos saga appears to now be in the rearview mirror as the markets rallied once again on the backs of broken trades and traders. With the overwhelming strength across so many asset classes, anyone who is calling for a market […]

    Hi Traders, This past week the Archegos saga continued to unfold as the forced selling in a number of formerly high flying stocks had traders guessing if there was another shoe to drop. Is the saga of Archegos a one-off or is it the tip of the iceberg indicative of a larger systemic issue? While many of Archegos’ holdings saw selling pressure throughout the week, equity indices continued to make their way back to all-time highs with the SPY breaking and closing about 400 for the first time. The rest of the indices now appear ready to join […]