A Rally Back on Veterans Day
Join Don, on this rally back Veterans Day, as he makes a few detailed points that will help us through the remainder of the week. The S&Ps finished higher as rotations continue to be very much in play. Don takes a deeper look into the financial sector and fully anticipates a pull back and discusses…
Reopening Trade Continues
Trend Continues Tuesday was a continuation of Monday for the stock market as the stocks that benefit from a reopening of the economy rallied and the secular growth stocks fell. It is being called the ‘great rotation’. Some traders think it is overhyped. However, they are missing the situation at hand. The market will look…
Market Is Focused On 2021 Recovery
Redbook Same Store Sales Growth Falls The economy is faced with higher COVID-19 cases and no stimulus. Good news is the labor market is improving. Question is how much it can improve in the face of rising cases, hospitalizations, potential shutdowns, and changes to behavior. This economy dealt with the spike in cases in the…
Tech Lags while Other Stocks Strengthen
You may have noticed strange movement in key stocks this week with some stocks surging higher while big market cap leaders in the tech sector lagged and declined. In tonight's video, Corey updates you on these key developments and highlights what levels we're watching for opportunities this week and beyond…
Vaccine Causes Massive Sector Rotation
Vaccine Causes A Frenzy Monday was the craziest factor day of the year. It was one of the craziest factor days ever on multiple fronts. Even though the action was shocking, it’s what you’d expect given the news. Prior to Monday, the COVID-19 situation looked grim. Currently, there are 59,275 people in the hospital because…
No Double Dip Recession?
Job Cuts Fall There were many media reports about new job cuts in October. Thesis was that we are entering into another wave of weakness like the spring. In hindsight, it’s not surprising the economy didn’t enter into a sharp slowdown because it didn’t in July when COVID-19 was worse. To be clear, COVID-19 is…
If Bearish is Wrong then I Don't want to be Right!
Major rotation that we've been looking for took hold today. Russell 2000 saw a rare limit up and the NASDAQ was substantial down near 1 standard deviation. Where are the opportunities? Select stocks are seeing a "buy volatility" opportunity. Find out more in this video update…
Best Election Week For Stocks Since 1932 FDR
Unchanged Large Caps (Great Week) Large caps barely moved on Friday as we ended a very strong week. S&P 500 and Nasdaq were up 7.3% and 9% this week as they had their best week since April. This was the biggest election week gain since FDR was elected in 1932. That only occurred because of…
Solid October Labor Report - Private Sector Job Creation Accelerated
ADP Wrong Yet Again ADP report was too negative again. October jobs report was very solid. Job creation in September was revised up from 661,000 to 672,000. Even better, private sector job creation was revised up by 15,000 to 892,000. Furthermore, in October there were 638,000 jobs added which beat estimates for 575,000. Private sector…
We Ripped! But will we Roll Over?
Upside Volatility--160 pt SPX move got smoked--I am all rallied out--back to 3500, yet again Will volatility stay down?--2 recent breeches of EM--Vol futures speak!--bonds are scary--stay on your game --FED--Jobs numbers How Wild was the week?--QQQ--XLF--IWM--EEM SPX Expected Move--last week-- 158.40 (expected move)--actual move-- 239.48--next week-- 91.54