Temporary Decline In Reopening Stocks
Finally, A Breather The market came into Wednesday’s trading session very hot. Finally, we saw a pullback as the S&P 500 fell 1.16%. Finally, small caps underperformed and tech outperformed. Russell 2000 fell 1.26% and the Nasdaq fell 0.82%. Reopening trade isn’t over though. This is just a pause. Negative news on the day were…
How Is The Economy Dealing With COVID-19?
Counterpoint To Consumer Spending We’ve gotten mostly weak Redbook same store sales growth. October retail sales report showed a little weakness. And Chase’s card data showed a modest decline in yearly growth in the past few weeks. That all makes sense when you see the spike in COVID-19 cases, hospitalizations, and deaths. It’s the consensus…
This Selling Feels Different
Most of the tech stocks got whacked back today, but TSLA was masking a lot of the selling. We got bearish financials with the XLF today that immediately worked for us and our members. Watch this video newsletter update to find out why this selling feels different and what to expect next…
Reopening Trade Doesn’t Care About COVID-19 Spread - Focuses On Vaccines
Rally Continues For Small Caps Large caps fell in a rare pullback for November. However, small caps were up again as they are overbought in the near term. S&P 500 fell 48 basis points and the Nasdaq fell 21 basis points. Small cap index was up 37 basis points. Reopening trade won again which is…
Christmas Looking Grimmer By The Day?
Getting Coal For Christmas While people won’t actually be getting coal for Christmas, almost half will be getting less expensive gifts than last year. As you can see from the chart below, as of the start of November, 45% of Americans said they would be spending less on presents. 41% said they would be spending…
We're Watching These Key Easy-Reference Resistance Up Levels Right Now
Stocks climbed back toward the highs in all equity futures today and a key pivot point is upon us. In tonight's video, Corey highlights all these simple reference levels in the equity futures of /ES, /NQ, /YM, and /RTY and then highlights the strong bullish stocks getting stronger for your trades and review…
Stocks Rise On Moderna Monday
Yet Another Rally In Small Caps It’s surprising how easy it was to see the rally coming on Monday. It was so easy, some investors over thought it and didn’t buy beforehand. We knew Moderna’s vaccine data would be great and that it would come out this week. A 94.5% effectiveness of the vaccine helped…
Operation Ignore The Economic Data Is Working
Economic Data Is Irrelevant It seems like the only people who care about the economic data are macro nerds. The stock market is rising despite bad data. Many don’t disagree with the rise in cyclical stocks. One theory is that the economy will recover after the vaccines are widely given out this spring. Obviously, slowdowns…
Manic Market Monday
Monsters of tech stocks like MSFT, AMZN, GOOGL, AAPL, and FB were the stocks that got us to highs. Now they are not participating. In their place other momentum stocks having be carrying the market up. Stocks like UBER and MU. Here's a way to go on board these momentum stocks in a risk defined…
First Small Cap Record Since August 2018 - COVID-19 Ignored
Rally Brings Record Highs The stock market is on fire as the euphoria knows no bounds. This time, stocks are mostly being led by cyclical small value stocks, but growth names have done ok too. Some investors are growing increasingly bearish on the market as there is no reason the big tech stocks should be…