| | What Bonds, Bitcoin, and Tesla Can Tell Us About This Market
By Brandon Chapman
Bonds were battered today as economic data, SCOTUS, and other news pushed prices lower and yields higher. While the bond market was anything but quiet, the reaction from interest rate-sensitive securities like REITs and financial and utility stocks was fairly muted. | Sounds strange to say it, but I just did… | If this all sounds like something is breaking, you might well be right, but don't tell that to Tesla investors - they drove the stock more than 6% higher for the session, a huge move for a $657 billion stock. The bulls' fingerprints were everywhere in the options market, too - TSLA, ROKU, and ARKK saw strong unusual option activity. There is some risk-taking out there and this makes a potential setup for a spread trade. | The uncertainty peppering news feeds seemed to help gold - a little. The yellow stuff was up 0.26% for the day. Bitcoin and its ecosystem were boosted, too. BTC was up 1.02% at the end of the day, and there was bullish option activity in cryptosphere and digital asset names like MARA and WULF. | Let's talk about what this all means… | | And now to Don Kaufman…
TheoTrade Daily Chatroom Schedule for Tuesday, July 2, 2024
9:20 AM to 10:30 AM: I'll be getting us ready for the opening bell
10:30 AM to 11:30 AM: Professor Jeff Bierman shows you… The Way
11:30 AM to 12:30 PM: Blake targets more earnings trades
12:30 PM to 1:15 PM: Gianni Di Poce is watching currencies and a lot more
1:15 PM to 2:00 PM: Brandon checks top-performing stocks and sectors
2:00 PM to 3:00 PM: Tony Rago finds targets in NQ charts
3:00 PM to 4:00 PM: Corey Rosenbloom will make range and trend plays | We Had Some Great Chatroom Trades Today
Gianni had even more stock picks - CAVA at $95.39 and EHC above $87.09. Blake Young's recommendation was: "sell one calendar PG 100 16 Aug 2024/19 Jul 2024 $170 call at a $1.10 limit." Brandon Young's spread trade of the day was to "buy one vertical ARKK 100 16 Aug 2024 $45/$47 cal at a $0.75 limit." | We're In a Bubble - But Don't Bet Against It
My friend and colleague, Professor Bierman, hit Marketwatch today to tell anyone who was listening about the expanding tech/AI bubble. We've been talking about it for weeks, and we've spent the last few days talking about the signs it'll eventually burst. But you can't just fly against the trend. Here's what the professor had to say… |
Learn How to Tap This Eerie Power for Yourself
| | Wall Street has used this secret weapon to pad accounts to the tune of hundreds of billions of dollars - on TSLA and dozens of other stocks. Now the secret is out, and a maverick analyst is showing everyone how it works… | We'll talk again soon, | | Don Kaufman
Co-Founder, TheoTrade |
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