Tech Stocks are Overwhelming the Markets!
Stock indices continue to be led higher today by big tech. The biggest tech firms all report on the same day this week. Here are the kinds of trades Don is doing in silver and volatility...
Did Tesla Just Peak?
Terrible Day For The Small Caps It seems like the market picks a random group of stocks to outperform each day with no reasoning behind it. There certainly isn’t a trend. On Friday, it picked the small caps to underperform; they had been doing well recently. Tech sector also was weak because Intel cratered after…
Consumer Spending Growth Hits A 5 Week Low
Markit Flash PMI Improves Markit is being criticized because its July flash PMI reading showed no change in the economy which normally implies the economy is fine. However, now it means there wasn’t improvement. Most data actually shows the economy is getting worse on a rate of change basis. This isn’t like a normal slowdown…
It's a Bubble - Look No Further Than Retail Trade
The Rotation Game - it's like musical chairs of the markets, did you reserve a chair with a hedge? Nasdaq is hanging on by a thread, this coming week earnings could derail everything. Bonds are @ 181 and the FED is coming! 3 weeks inside the Expected Move, you should be afraid and BUYING premium!…
Investment Managers Are All In On Stocks
Big Time Selloff In The Big Internet Names Nasdaq was down 2.29% on Thursday. It might end its streak of avoiding back to back losses on Friday, tying it with the record. July has been a bad month for the tech sector. Momentum names have hit a wall and the big internet stocks have lagged.…
First Initial Jobless Claims Increase Since March
Yet Another Terrible Jobless Claims Report We've now had terrible jobless claims reports for 6 weeks, as the report on Thursday was poor yet again. Now people are starting to notice because seasonally adjusted claims rose for the first time since the peak on March 28th just as predicted. T echnically, the streak ended last week…
The Tech Rout Begins
Today saw the "Monsters of Tech" Fall around 4% with AAPL leading the pack lower, down 4.5%. In tonight's video, Corey updates you on the profile planning (bearish against the highs), along with tech stocks, market cap leadership, and bullish breakouts continuing in the Risk-Off assets of Gold and Bonds...
Nasdaq Hasn’t Fallen On Back To Back Days Since Mid-May
Near Record Long Streak Without 2 Down Days Nasdaq hasn’t had 2 down days in a row in 48 days. Last 2 day losing streak was mid May as you can see from the chart below. That’s around the time the momentum tech stocks started outperforming the cyclical stocks. It’s amazing there was never such…
Labor Market In A Tailspin?
There Will Be Job Losses In July Now that we are far enough into July and have enough data, we can predict there will be job losses in the July BLS report. To be clear, the stock market has already priced that in. It’s easier than usual to predict where the economy is headed because…
The Only thing that Matters in Earnings Trades
It's earnings season once again and big names stocks like MSFT and TSLA reported after the bell today. Here's one thing you need to know about earnings announcements…