CrissCut
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$Apple (AAPL.US)$ investors are rushing to call options that give the holders the right to buy the stock near its current level as the iPhone maker displays its financial strength amid a wider stock market sell-off that was fueled by fears of a recession.
Shares gained more than 2% at a time when the $S&P 500 Index (.SPX.US)$ slipped 2%, while the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ fell 2.3%. Late Thur...
Shares gained more than 2% at a time when the $S&P 500 Index (.SPX.US)$ slipped 2%, while the tech-heavy $Nasdaq Composite Index (.IXIC.US)$ fell 2.3%. Late Thur...
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$SPDR Dow Jones Industrial Average Trust (DIA.US)$ In case you are the last person on Earth that did not see it, here is the declining volume in the Dow Jones. Same deal in the $Invesco QQQ Trust (QQQ.US)$, but to a lesser degree in the $SPDR S&P 500 ETF (SPY.US)$. I think we still get a bit of a short term rally despite volume. $Apple (AAPL.US)$ and $Microsoft (MSFT.US)$are the two to watch to see if this has legs or is a house of cards.
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Looking ahead
Tomorrow will kick off with an update to GDP for Q3 before the market opens.
After the market opens, CB Consumer Confidence for December will be available. We’ll also get a look at Existing Home Sales for November and the weekly Crude Oil Inventories.
Trends, Support, and Resistance
The Nasdaq dipped after a gap-up at open, getting support at 15,000 before climbing the rest of the day to close near the intraday high.
If the one-day trend line continues into Wednesday, expect a +2.32% gain.
If the index returns to the high from the 11/22 high or the five-day trend line , that would mean a -1.76% decline.
Wrap-up
Fears over Omicron seem to be as volatile as the market. Theupside reversal today is a positive sign, but don’t get too comfortable too quick. We can still see a lot of up and downs, especially with the lower volume that will only get lower as we head into the final week of December.
Based on the chart, the expectation for tomorrow is Sideways or Higher.
Stay healthy and trade safe!
$Nasdaq Composite Index (.IXIC.US)$ $Invesco QQQ Trust (QQQ.US)$ $S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $SPDR S&P 500 ETF (SPY.US)$
Tomorrow will kick off with an update to GDP for Q3 before the market opens.
After the market opens, CB Consumer Confidence for December will be available. We’ll also get a look at Existing Home Sales for November and the weekly Crude Oil Inventories.
Trends, Support, and Resistance
The Nasdaq dipped after a gap-up at open, getting support at 15,000 before climbing the rest of the day to close near the intraday high.
If the one-day trend line continues into Wednesday, expect a +2.32% gain.
If the index returns to the high from the 11/22 high or the five-day trend line , that would mean a -1.76% decline.
Wrap-up
Fears over Omicron seem to be as volatile as the market. Theupside reversal today is a positive sign, but don’t get too comfortable too quick. We can still see a lot of up and downs, especially with the lower volume that will only get lower as we head into the final week of December.
Based on the chart, the expectation for tomorrow is Sideways or Higher.
Stay healthy and trade safe!
$Nasdaq Composite Index (.IXIC.US)$ $Invesco QQQ Trust (QQQ.US)$ $S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $SPDR S&P 500 ETF (SPY.US)$
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$Palantir (PLTR.US)$ Any option trader here? does moomoo have any option stategies.thank
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The last quadruple witching for the year 2021 before interest rate hikes, so please buy those you are comfortable and sell those that you feel they are going down deep.
Top 18 Actives (17 Dec 2021 Morning)
$Apple (AAPL.US)$
$Pfizer (PFE.US)$
$Bank of America (BAC.US)$
$Ford Motor (F.US)$
$AT&T (T.US)$
$NIO Inc (NIO.US)$
$Lucid Group (LCID.US)$
$NVIDIA (NVDA.US)$
$Microsoft (MSFT.US)$
$Rivian Automotive (RIVN.US)$
$American Airlines (AAL.US)$
$Advanced Micro Devices (AMD.US)$
$SoFi Technologies (SOFI.US)$
$Carnival (CCL.US)$
$Exxon Mobil (XOM.US)$
$Citigroup (C.US)$
$Wells Fargo & Co (WFC.US)$
$Annaly Capital Management Inc (NLY.US)$
Top 18 Actives (17 Dec 2021 Morning)
$Apple (AAPL.US)$
$Pfizer (PFE.US)$
$Bank of America (BAC.US)$
$Ford Motor (F.US)$
$AT&T (T.US)$
$NIO Inc (NIO.US)$
$Lucid Group (LCID.US)$
$NVIDIA (NVDA.US)$
$Microsoft (MSFT.US)$
$Rivian Automotive (RIVN.US)$
$American Airlines (AAL.US)$
$Advanced Micro Devices (AMD.US)$
$SoFi Technologies (SOFI.US)$
$Carnival (CCL.US)$
$Exxon Mobil (XOM.US)$
$Citigroup (C.US)$
$Wells Fargo & Co (WFC.US)$
$Annaly Capital Management Inc (NLY.US)$
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$Meta Platforms (FB.US)$ Very strong
Translated
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