Very Good September Job Creation - Government Makes Headline Look Worse
Very Strong September Jobs Report September jobs report was very strong. It actually beat expectations for private sector growth. Some economists are missing that the big decline in job creation came from the government which is temporary. They just show the headline change in jobs and then add in how bad the recession is. Of…
An October Surprise Damages Tech
Presidential Covid---covid may have been the catalyst but the outcome was sell tech.--correlation breakdown--no diversification--where was the rush to bonds? Unexpected divergence---IWM ripped EM... in all directions!--XLF--XLE--QQQ whacked and where is the vol? Bounce and Fade is working---LULU--NVDA--IWM? SPX Expected Move--last week-- 87.75 (expected move)--next week-- 89.70
Biggest Face Ripping Rallies Since 2000
Small Caps Cheer On The Stimulus Russell 2000 was up 1.56% on the premise that a stimulus is coming. Small caps will sell off hard if nothing passes. In the past, when the market rises in anticipation of a catalyst, when that catalyst happens, stocks won’t rally further. That’s rational, but it’s not always how…
COVID-19 Destroyed Low Wage Jobs
Jobless Claims Fall It was a mistake to assume that in the 2 weeks California is pausing its initial claims transactions that their numbers would completely drop out of the total. That wasn’t what happened. They just kept California’s numbers the same, and included whatever initial claims CA had in the prior report in this…
Analyst Revisions to Identify Explosive Opportunities
Analyst Revisions can be used to identify incredible opportunities. Analyst Revisions - How many times have you seen the price gap overnight and rise sharply during the session? Price gaps are a frequent occurrence as price catches up with the sentiment. However, what caused such a sudden change in the opinion of the company? Frequently,…
Getting to Know SPACs
SPACs - What is It? SPACs - or Special Purpose Acquisition Company’s has been a major investment theme of 2020. Companies like Nikola Corporation (NASDAQ: NKLA) and Playboy Enterprises are names that have headlined some of the recent SPAC talk. Despite their current popularity, many investors are still discovering them. Here’s your primer on Special…
Still Looking to Tech Leaders for Clues
Tech stocks and the NASDAQ got another bullish boost today as Netflix (NFLX) surged 5% higher in today's session alone. In tonight's video, Corey takes a moment to walk through each of the tech stock leaders including Amazon (AMZN), Apple (AAPL), and Google (GOOGL) for updated support and trade levels as we begin October...
Market Lives and Dies On Stimulus Talks
Market Hinges On Stimulus Hopes & Fears You never truly know why the market moves in certain directions each day, but Wednesday probably had the most certainty as to what the market was trading off of. The stock market crashed briefly in the afternoon as there were some negative reports on the possibility of a…
Better Than Expected ADP Jobs Report
Stimulus Controls The Market Speculation over the stimulus is controlling the market. For a brief moment, the futures market reacted to the presidential debate on Tuesday night, but then the algorithms switched over to following the stimulus negotiations. It’s fairly uncertain if anything will get done. But some lean towards thinking something will happen because…
Wild Trade Engulfs the Markets
Markets go on a wild ride today. After reversing and giving up a big gain on the day where do we go from here and what trades should you be looking for? Watch this video newsletter now...