SPY, DIA, QQQ…all are trading at or near their 52 week high. The action under the surface is not so bullish, though, and many recent top performers are struggling mightily.
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April earnings season is here. Big Banks kick off the quarter with a busy week of reports.
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Last week, Sami predicted money rotation going into the big tech stocks, highlighting GOOG, FB and MSFT in particular. How does that affect the market this week? In this video, Sami explains: – How BSIG is like Litecoin – Which gold stock he’s chosen to play this week – Why you can still take IRM long – The rule he’s breaking for HGEN – How IZEA and PFMT are similar
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Picking the bottom on a stock’s drop is always something traders are trying to do. The problem with options, though, is that picking the bottom doesn’t always translate to a good trade.
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Another main topic we spent time talking about during Monday’s option session was the difference between a volatile tape and a trending tape. While Tech is improving, it’s still not into a trend yet.
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We spent a lot of time talking about moving averages and their impact on our trades during yesterday’s option session. DDD is a nice example that highlights that idea.
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Some people have asked why I am more bearish on SLV recently. I’m letting the chart do the talking.
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The market has turned all-out bullish, although QQQ looked like it would fail on the buy setup. How does that affect Sami’s trading plan for this week? In this video, Sami explains: – The issues that he has with CLF – When CLVS will confirm a buy setup – Which media company he thinks looks best – Where he expects FREQ to go – How ODT is similar to FREQ
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QQQ may not be anywhere near its 52 week high but there are plenty of big names that are. Improving action across many different Tech stocks may be a positive signal.
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It’s not unusual to see a sector wake up in this market and many of the individual names within it move together. Health Care is showing signs of life, and there are a bunch of big names starting to breakout.
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