Add Industrials to this list of sectors (like financials) that are badly underperforming in the current market environment. This chart says it all:

We already got short financials last week. Time to step in here on the industrials. [Read more…]

In a recent blog post, JC highlighted some bullish stocks that he can simply no longer ignore. Regardless of whether or not we feel the upside may be close to exhausting itself in the broader markets, there are some setups that are screaming for attention.

I’m game. Let’s play along. [Read more…]

For the past week or so, it’s been a feeling to me that markets are setting up for some sideways chop with any directional bias being to the downside from here.

Meanwhile, options volatilities still remain elevated across the board (though well off the March highs) reflecting a lingering fear among market participants of another shoe to drop as the Coronavirus scare continues to effect human health and the global economy.

Against this backdrop, I’m looking for some delta-neutral credit spread strategies to employ. When doing so, I like to scan the most liquid ETFs and look for the ones exhibiting the highest premiums. [Read more…]

So now that all the “FANG” stocks have reported earnings and their price performance has essentially dragged equities indexes higher over the past month, now what?

JC came out with a piece this weekend that highlighted the ominous signal Amazon $AMZN may be sending for the rest of the market.

Here’s JC’s take: [Read more…]