I talked about an article on my program this morning from The Wall Street Journal that had some remarkable stats about the rotation taking place into the Russell 2000 recently: "The Russell 2000 index of smaller stocks beat the S&P 500 over the seven days through Wednesday by the largest margin during a period of that length in data going back to 1986, according to Dow Jones Market Data. The Russell 1000 Value index, meanwhile, notched its biggest lead over its growth-stock counterpart since April 2001, after the dot-com bubble burst." This week begins the tech earnings season with GOOG and...

Non-farm payrolls for June were released Friday and showed job gains of 206,000 for the month, exceeding the estimate of 190,000 the market was looking for, yet previous months had downward revisions of 111,000. The data for May was revised down to 218,000 from the previously reported 272,000. The unemployment rate went up to 4.1%. Some notable quotes from Bloomberg on Friday’s report: “Average hourly earnings climbed by 0.3% in June from the previous month, taking the annual increase to 3.9% while average weekly earnings growth of 3.9% year-on-year matches the April gain but is the lowest in three years.”...

Markets are a bit mixed this morning with the S&P higher, as NVDA drags down the Nasdaq100.  NVDA has now lost almost $500B in market cap just from where it was trading early Thursday morning when it was above $140. It is currently trading at about $120 and has nearly 25B shares outstanding after splitting 10 for 1.  I've been talking about the completed AB=CD in NVDA that brought it up to about the $125 range. It only traded above this area on very weak volume, and now volume is picking up on the downside. NVDA looks to be heading back...

We got stopped out of our S&P shorts for tiny losses last week looking for a market pull back on the Jobs number Friday. The Jobs number smashed all expectations, and while rates have risen and the dollar has strengthened, the market has risen since then.  This market is relentlessly strong on the data that is supporting a strong economy, regardless of when the Fed may be cutting and how long those cuts may be pushed back. We have a Fed meeting Wednesday, and do not expect the market to be freaked out if Powell states the obvious, which is...

We had a blow out jobs number this morning with 272K jobs added in May. Wage growth m/m came in hot at 0.4% and yearly hot as well at 4%. Rates are rising, and the market is a bit weak, but not the dramatic pull back we were looking for in our short position. Make sure you set your stops tight on our ETF trades yesterday. Set the stop in the SPDN to $12.09, and the stop in the SPXS should be $8.34. The SPXS is trading at $8.41 (Direxion Daily S&P 500 Bear 3X Shares). We bought SPXS at...