How Equity Armor's Tigay Is Playing Financials

Joe Tigay from Equity Armor Investments discusses the S&P 500's resistance and support levels, focusing on the 2600 and 2628 levels. He analyzes VIX futures and market volatility, noting the importance of the 50-day moving average. The NASDAQ's performance and market rally since Christmas are highlighted, with caution advised due to past market behavior. Earnings and financials are reviewed, with a suggestion to use stock replacement strategies for risk management.

What was the significance of the 2600 level in the S&P 500 discussed in the video?

• It was a new all-time high.

• It was a support level in 2020.

• It was a psychological resistance level.

• It was the lowest point of the year.

How does the VIX relate to market movements according to the discussion?

• It measures the market's trading volume.

• It shows the average stock price.

• It indicates the level of market volatility.

• It predicts long-term market trends.

What cautionary advice was given regarding market rallies?

• Always invest in high-risk stocks.

• Ignore past market trends.

• Be cautious and consider risk protection.

• Sell all stocks during a rally.

What was noted about the NASDAQ's performance?

• It was underperforming compared to other indices.

• It was unaffected by market trends.

• It was cracking above its 50-day moving average.

• It was showing signs of a major downturn.

What strategy was suggested for managing risk during earnings season?

• Investing heavily in one stock.

• Selling all stocks before earnings.

• Ignoring earnings reports.

• Using stock replacement with options.