We trade 3x ETFs such as TQQQ TNA SOXL LABU UVXY using proprietary analysis of volatility.   See actual trades here.

Updates 12:30 AM EST - Monday 10/25/21

Key dates
This is a big week.  Here's the economic calendar for the full week.   There are lots of key reports that can potentially move the market.

Tuesday:  Consumer Confidence; New Home Sales
Wednesday:  Durable Goods Orders
Thursday:   GDP; Jobless Claims
Friday:  Personal Income & Spending; PCE Prices & Deflator; Employment Cost Index; Consumer Sentiments

There are earnings from major tech companies including AAPL, MSFT, GOOG, FB and AMZN.   These will certainly move $NDX.

Additionally, keep in mind the following upcoming key dates:
11/3:   FOMC announcement
11/19:  Options expiration (OPEX)
12/3:   Debt ceiling deadline

Bullish Catalysts 

• Positive earnings surprises
• End of month fund shuffling
• Traditionally, November is a bullish month.

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Bearish Catalysts

• Negative earnings surprises (e.g. SNAP and INTC)
• Rising yields 
• Fed tapering and raising interest rates soon >> taper tantrum.
• Fed not tapering and and raising interest rates soon enough, fueling inflation.
• Inflation is on everyone's mind (from Powell to Dorsey).
• Congress potentially fails to deliver on infrastructure deal and debt ceiling deal.

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We trade 3x ETFs such as TQQQ TNA SOXL LABU UVXY using proprietary analysis of volatility.   See actual trades here.

​Updates 12:45 AM EST - Monday 10/4/21

This coming week
Here's the economic calendar for the full week.   The key reports that can potentially move the market are:

Thursday:   Jobless Claims
Friday:  Job reports

Earnings season is starting up.   Here are companies announcing in October.  October options expiration is 10/15. 

Wall of worry
Market is now getting more nervous about the possibility of stagflation:  inflation combined with stagnant growth.   The current rise in bond yields is actually a key indication of this.   Read more here.

The market is also nervous about the Fed's plan to taper.   As we mentioned before, in early October 20218, stocks started a major sell-off due to the Fed raising rates. This lasted until end of 2018.  During this time $SPX dropped 20%.   

There is a chance the market may continue to be in this nervous mode for a while during this October. 
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Market Internals
Volatility charts, equity put/call ratio, A/D net issues are all communicating the same message:  bearish.

Volatility
$VXN and $RVX charts are showing similar patterns to $VIX chart below:  bearish.
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