Stocks Snapback After 4.8% Correction
Slight Rebound On Monday With More Coming Tuesday From the peak last week to the trough on Monday, the market fell about 4.8%. That was the 5% pullback we called for. Like clockwork, the stock market rebounded from the morning decline to close higher. S&P 500 increased 1.5% from the morning low to close up…
New Record Low In Monthly Auto Sales
Better Q2 GDP Predictions When COVID-19 first started spreading in America, Q2 GDP estimates imploded. Investment banks and economists were all rushing to lower their guesses as quickly as possible. In some respect, every estimate is partially a guess, but this situation implied much more guessing was done because of the record dispersion in predictions.…
A Tight and Dangerous Range Persists in Markets
Markets continue in range bound trading. In tonight's video newsletter Don provides an explanation on how you can take long duration short trades while getting paid to hedge in case the markets continue to go higher.
We Are In A Stable Stock Market
Mini Correction Is Here Some investors predicted the correction we are experiencing just a couple days too early. It was clear a correction was coming because the number of new COVID-19 cases is plateauing instead of falling like in other countries. Plus, it was a buy the hope of states reopening and sell the news…
Buybacks & Dividends Cut - Stocks Aren’t A Great Bet
Earnings Estimates Are Now Realistic 2020 EPS estimates have fallen so much that they are now realistic. Bad news is based on 2020 estimates, the stock market is expensive. Specifically, the 2020 EPS estimate fell from $178.96 at the start of the year to $132.75. That means the current S&P 500 PE ratio is 21.94.…
Are the Sellers Back?
Sellers are very much coming back into this marketplace. However, there is a much larger take on the whole situation. It's important to slow down and take careful steps in this chaos, instead of rushing right into a burning fire. The short answer is, yes, there are plenty of underlyings and opportunities for retail traders,…
Active Investors Chased The Market Higher
Investors Got Too Positive On Wednesday It’s pretty obvious investors were euphoric on Wednesday to any observers of the market. Even if you are bullish like me, you know the market got ahead of itself. Nasdaq was almost positive year to date. Now it’s time for a pullback. We started the decline on Thursday with…
Unemployment Rate Might Be 23.8%
Jobless Claims Fall Again Some traders decided that the stock market always rallies on Thursday because it seems like the stock market likes high jobless claims in the near term. They believed that because stocks would have been on a long Thursday winning streak if it wasn’t for the Gilead news last Thursday. As you…
Apple, Amazon, Earnings and What they Mean for the Market
As of this video, Apple and Amazon's earnings reactions went in opposite directions but we're continuing to watch the ongoing reaction and how it plays into Friday's trades. In tonight's video, Corey updates the key SP500 level in play right now along with how major stocks - including AMZN and AAPL - are likely to…
Stocks Explode to New Bear Market Heights
Huge Rally To New Bear Market Highs It’s tough to quantify what we are seeing in markets. It’s a mixture of extreme euphoria and extreme pessimism. That makes no sense, but we are in unprecedented times. To further explain, almost everyone thinks the stock market is expensive, yet the action has been remarkably bullish. Many…