Strong Old Data for Retail Sales - Weak New Data for Jobless Claims
Very Strong Retail Sales The consumer appears to have weakened in the back half of June and the first half of July, but that didn’t impact the June retail sales report. That’s because consumers were optimistic in the first half of June and still had extra income to spare. There was pent up demand. Monthly…
Netflix Misses Earnings! What it means for the NASDAQ and Broader Market
The big news after hours today was the drop in shares of Netflix (NFLX) after a "swing and a miss!" sent shares lower on an anticipated earnings report. In tonight's video, Corey walks you through the "Earnings Expected Move," what levels to watch overnight, and how NFLX will likely affect the NASDAQ and broader market…
43 Days Without Back To Back Declines In The Nasdaq
Very Strong Day For Small Cap Value Wednesday was a solid day for all stocks, especially the value small caps. Russell 2000 value index was up 4.18% which outperformed the Russell 2000 which was up 3.5%. It’s nice to own the tech stocks because even when there is sector rotation into the other areas of…
Weak Labor Market & Election Are Big Risks
Housing Market Stays Strong Some investors didn't have any concerns about the potential for the housing market to slip backwards following this slowdown that started in mid-June. If you did have worries, the latest MBA applications data should calm your nerves. There really wasn’t a reason to be nervous because the housing market bounced back…
NASDAQ Shifts into Ludicrous Mode
Investors rush into small caps while large cap stocks flat line. Don analyzes the shocking decoupling of the major indices and uncovers the opportunities to come…
Vaccine Excitement To Power A Sector Rotation Out Of Tech
Moderna Set To Power Wednesday Rally There are a few vaccines being worked on. 4 are set to start being produced later this summer with the goal of having them be given out to people early next year. Vaccines are being produced before they undergo all human trials so we don’t need to wait for…
Consumer Still Lags In Mid-July
Economic Surprise Indexes Are Still High Citi Economic Surprise index for America is at a record high as the chart on the top left shows. Some have been calling for it to drop for a couple weeks now. At first, we thought it would drop because expectations would match the improvement. We need 2-4 weeks…
Stock Market Levels and Plays in Oil, Gold, and Treasuries
With today's rally, Corey updates our key price levels especially in the NASDAQ (/NQ) and /ES for what to watch and how to adjust positions in the future. Beyond focusing on stocks, we also identify ongoing trades and Risk-On/Risk-Off strategies currently playing out for Gold (/GC and GLD), Crude Oil (/CL), and Bonds (/ZB and…
Did Nasdaq Just Peak?
3 Explanations For Monday’s Drop Monday looked to be a positive day for stocks before the market reversed in the afternoon. It was like a mini flash crash except it was easy to foresee because the tech sector and Tesla stock had been so overbought. In fact, heading into the day, Tesla’s 14 day RSI…
Early Signs Of Improvement On COVID-19? - California Closure Spooks Stocks
Optimistic About COVID-19 Investors are becoming more optimistic about the COVID-19 situation. Data on COVID-19 growth in some of the worst hit states has begun to get worse at a slower rate. Furthermore, we have experience on how to stop the spread and treat people better. If we already know how to stop the spread,…