Steve, other than making me move stuff, im here at the Td Ameritrade trader offices. What are you working on . Let me show you. Okay. Our thinkorswim Trading Platform aggregates all the options data you need in one place and lets you visualize that information for any options series. Okay, cool. Hang on a second. You can even see the anticipated range of a stock expecting earnings. Impressive. Whats up, tim. See options data like never before. With thinkorswim only at Td Ameritrade. The future isnt silver suits anits right now. S, think about it. We can push buttons and make cars appear out of thin air. Find love anywhere. Hes cute. And buy things from, well, everywhere. How . Because our phones have evolved. So isnt it time our networks did too . Introducing americas largest, most reliable 4g lte combined with the most wifi hotspots. Its a new kind of network. Xfinity mobile. Oh hey john, im connecting our brains so we can share our amazing trading knowledge. Thats a great idea, but w
We start tonight with a move in the financials because while tech stocks took it on the chin today, the banks actually surged the xlf rallying 2 , posting its best week since early december, this as bank of america, wells fargo, jpmorgan and citigroup were all up 2 or more the rally on the heels of a dodd frank rollback ahead of the key fed meeting next week. So, is the bank trade on track or should you fade this move dan . Listen, you mentioned the two events, theyre pretty well known. Its important to mention this week we know that the fed is going to raise 25 basis points next week. What happens to the 2. 10 spread . It really didnt move this week. Also last week, what did we get from a lot of these banks . We got commentary from management that q2 is not shaping up particularly great. You know, yeah, they need a little volatility. They dont need the sort of volatility that we saw in todays action in the nasdaq personally i dont think they do so when i look out to the 3. 5 that the
Make the action begins right now. Everything that is old is suddenly new again two of the four horsemen of the 90s are surging this year oracle and microsoft up double digits trading near alltime highs. Cisco not far behind well below the tech bubble levels, 10 lower than intel is down on the year, but could any of these names actually play catchup to the rest . Lets get in the money right now. Dan, what do you think you mentioned microsoft and oracle outperforming microsoft had a good year last year oracle is playing quick catchup. You made a great call last week. It got to alltime highs after results yesterday. Its up 33 on the year. Cisco, theyre going to have a meeting next week. That could be a potential catalyst followed by the q4 earnings falling on august 16th. Out a ways one of the things thats really important here is that cisco had a really bad day when they reported their fiscal q3 it was down 7 there was a revenue miss for the guidance of the current quarter. When you thin
And the Options Market is expecting one of these names to break out when it reports earnings next week well tell you which one the options action begins right now. Lets get to it because it has been a wild week for technology stocks. The nasdaq 100 alternating each day between 1 selloffs and 1 rallies only to end the week higher by just a hair. Could this be painting the picture for more volatility to come is that a good thing to come lets get in the money mike, what do you think . The first thing i would say, generally speaking when volatility is very low, thats a good sign fourth market. When you see the vix sub 11, sub 10, generally the next 30 days are rosie when you he start to see volatility tick up, you have more cause for concern we have the situation where a lot of stocks didnt seem to want to move now we have evidence that some of them have moved quite sharply to the down side if youre long, you should be weary because of that. Yeah, i think so. We saw what the move in Intere
Something different and hes ready to make an even bolder call the action begins right now. Lets get right to it because the tech sector just posted its best week since december we saw some pretty explosive moves out of these megacap media surging another 12 just this week. Facebook up nearly 6 , and hitting an alltime high today microsoft hit a new high today, up 5 this week. Alphabet has been on a tear. Lets get in the money right now. Dan, what do you say i think it makes sense to be careful at this point. Like you said, microsofts up 5 on the week, up 7 over the last couple of weeks here its right at a new alltime high today, so as we think about what are they anticipating, theyre anticipating a grood quarter and good guide dansz its time to think about the banks option each one had a piece of news and the stocks were down 2 on the opening. They closed pretty decently. Part of this is at this point i think it makes sense to play for continued consolidation. Move to the up side might