Options Traders Bullish, But Fewer Stocks Hit New Highs. Is the Rally Sustainable?
The speed with which options traders have turned bullish is a little too quick for comfort. Will we reach overbought before backing off?
Tuesday’s After-Hours Advancers and Decliners
After-Hours % Advancers
After-Hours % Decliners
Position: None
Tuesday’s Closing Market Data
Closing Volume
– NYSE volume13% above its one-month average
– NASDAQ volume 12% above its one-month average
– VIX index: up 4.04% to 16.50
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
Closing S&P 500 Heat Map
Position: None
Surge of FOMO Takes Hold as AI Trade Comes Back to Life
Poor positioning and FOMO are driving this more than lower oil and rates.
Mecum Auctions CEO: What a $450 Million Car Auction Says About the Economy
In this interview with Mecum Auctions’ CEO, we’ll dive into the market for collector cars to gain new insights that will help us as investors.
Sector Movement
At 3:10 PM:
Position: None
Large-Cap % Gainers and Decliners
Position: None
Locking in Big Gains on 3 High-Flying Holdings
We’re taking prudent action but keeping sizable positions as our theses continue to play out.
Chart of the Day: Time to Add to Applied Materials?
The massive equipment company has been hit hard by semiconductor selling but now the tide could be turning.
This Legacy Tech Name Is Suddenly of the Cheapest AI Plays Around
Earnings growth better than 50%, a forward multiple around 12 and an analyst target roughly a third higher.