When Guy Cohen say volatility is coming, to be fair, it’s already arrived as we saw at the end of the previous week when tech stocks took a hit from which they haven’t yet recovered.
Guy isn’t really in the “prediction” business, but he’s more often than not been able to sense the mood of the markets by observing the OVI for individual stocks and the broader market.
For some time he’s been observing that the OVI Sentiment over the entire S&P 500 constituent stocks is very tight with the red and green lines being virtually inseparable. This suggests significant hedging activity and/or sector rotation activity.
This means that the big investors are enjoying the new highs but are preparing themselves for yet unseen dangers. This bodes for an interesting earnings season in about one month’s time.
In today’s video Guy illustrates all that, plus how the charts that show how the amateurs were sucked into buying tech stocks on Friday 9th June before the rug was pulled from underneath them during lunch – Guy showed you that last week, but it’ll really hit home as you watch this quick video.
Also, some other stocks in today’s review, including new flags, in-play railroad tracks from last week, and how easy it is now to manage your watch list … and there’s still so much more to follow!
Read The Capitalist’s Take Here
SUPREME COURT TO HEAR CHALLENGES TO PARTISAN GERRYMANDERING
The Supreme Court announced on Monday that it would consider whether partisan gerrymandering violates the Constitution. The case could reshape American politics.
In the past, the court has struck down election maps as racial gerrymanders that disadvantaged minority voters. But it has never disallowed a map on the ground that it was drawn to give an unfair advantage to a political party.
Some justices have said the court should stay out of such political disputes entirely. Others have said partisan gerrymanders may violate the Constitution. Justice Anthony M. Kennedy has taken a middle position, and the case could turn on his vote.
Read More at NY Times Here
Read More at CNN Here
Read More at Washington Post Here
RUSSIA WARNS US ITS FIGHTER JETS ARE NOW POTENTIAL TARGETS IN SYRIA AFTER AMERICA SHOOTS DOWN SYRIAN JET
The threat of direct Russian-American confrontation in Syria escalated on Monday after Moscow said it would treat any plane from the US-led coalition flying west of the Euphrates river as a potential target. Russia said it was responding to US planes shooting down a Syrian air force jet on Sunday. The US said its planes had acted to defend US-backed forces seeking to capture the Islamic State capital of Raqqa in northeast Syria.
It was the first such US attack on a Syrian warplane since the start of the country’s civil war six years ago.
Read More at The Guardian Here
Read More at ABC News Here
Read More at NY Times Here
– Monday, June 19th
Markets Soar UP After Investors Buy Tech Dip
Big Insider Trades
– Wayfair, Inc. (W) Co-Founder Steven Conine Sells $3.7m
– Gaming and Leisure Properties, Inc. (GLPI) Director Barry Schwartz Buys $364k