Uh-Oh: Big Tech-S&P 500 Correlation Is Increasing

March 18, 2024 | [Read Online]( Uh-Oh: Big Tech-S&P 500 Correlation Is Increasing Dear TheoTrader Pre-market trading showed we were headed for an upside explosion, courtesy of the Magnificent Seven. In fact, we saw the expected move blown away before the open. But there were still a couple of worrying rumbles going on in terms of volatility (or lack thereof) and that increasing correlation between tech and the S&P 500 I mentioned over the weekend. [Here’s what we saw…]( [Something nasty is around the corner…]( [TheoTrade Daily Chatroom Schedule for Tuesday, March 19, 2024]( 9:20 AM to 10:30 AM: I’ll be calling the open and looking at increasing correlation 10:30 AM to 11:30 AM: Professor Jeff Bierman will be minting better traders left and right 11:30 AM to to 12:30 PM: Blake Young will find the best options trades 12:30 PM to 1:15 PM: Gianni DiPoce will “back up the truck” for monster profit potential 1:15 PM to 2 PM: Brandon Chapman will hunt for vertical spreads in the charts 2 PM to 3 PM: Tony Rago will trade NASDAQ futures with NQ 3 PM to 4 PM: Corey Rosenbloom will share some must-see charts What You Need to Know About Tech Right Now Up above, I warned that the correlation between Big Tech and the S&P 500 is increasing. In this video, I’ll show you exactly why that’s an ominous sign. [Let me bring you up to speed…]( Gianni Is Sizing Up Currencies It’s rare, but the U.S. Dollar Index can climb higher even as the greenback cedes ground to the Japanese yen. When that happens, it opens up opportunities in a few different currency pairs. That’s what Gianni DiPoce is targeting in his live trading sessions right now. We’ll talk again soon, Don Kaufman Co-founder, TheoTrade Update your email preferences or unsubscribe [here]( © 2024 TheoTrade PO Box 24790 Christiansted, Virgin Islands 00824, United States of America [[beehiiv logo]Powered by beehiiv](