The 20 Day EMA Smackdown in Play
Despite deeply oversold levels in some stocks - like cruise ships and airlines - opportunities exist for very aggressive traders. In today's video, Corey updates you on prior opportunities and the specific "20 Day EMA Smackdown" event happening right now in the SP500 along with some major stocks following the market on the current oversold…
Stocks Stabilize On Hopes Of Fiscal Stimulus
Markets Are Normalizing Markets are finally normalizing. That sounds weird because the 1 month and 3 month treasury bills fell to slightly negative yields. However, it's because Wall Street is starting to get its arms around COVID-19 and markets are moving less wildly. VIX was actually up on Wednesday as it rose 2.28 to 63.95.…
Fed Saves The Day
Beginning of Earnings Season The start of Q1 earnings season has been good because the firms reporting earnings ended their quarter at the end of February. They barely had any impacts from COVID-19 in their reports. This would have been a great quarter for firms if COVID-19 didn’t spread widely. With the first 14 firms…
Quintessential Bear Market Rally?
Stocks are making violent moves in both directions as the news drives trading. Don explains the kinds of things we see in a bear market rally, what to expect next, and which stocks he sees the most opportunity in…
Biggest Dow Gain Since 1933 (5th Biggest Ever)
Insane Tuesday Rally This market never ceases to be interesting as COVID-19 has caused a huge spike in volatility unlike anything most have in our lifetime. This is similar to 1929 except this won’t lead to an elongated depression. It’s possible that Q2 GDP growth is worse than the Great Depression, but there will be…
Everyone Is Buying Groceries & Holding Chinese Stocks
Absolute Madness At Grocery Stores Sales at grocery stores and companies that sell products and services that help people work from home are experiencing hyperbolic demand. Their products and services are like an inverse chart of the Dow in the past month. This is like if the entire country was about to experience a snowstorm…
Planning Your Trades from the Current Profile Levels
We saw a deeply oversold market beneath key Volume Profile Levels snap back to life with a huge bullish up-day today. In tonight's video, Corey highlights what happened, where we were, where we are now, and how to use the Profile Levels - now and future - for better planning of your intraday and swing…
Fastest 30% Decline Ever
Another Selloff Even though this has been a painful selloff, Monday’s decline was the first back to back selloff in a while. The market had alternated between red and green days for 7 days. It’s now down 33.9% from peak to trough, making this the 5th worst bear market since 1946. As you can see from…
Unemployment Rate Could Spike To 12.8%
Extreme Negative Events Being Priced In Good news is everyone knows the Thursday jobless claims report will have well over 1 million claims which is the most ever by far. Bad news is it will likely happen. This negative event is probably priced in, but it’s still potentially the worst hit to the labor market…
How Much Damage has been Inflicted Upon this Market?
Stocks continue to be highly volatile even after the Fed took unprecedented action this morning. Major sectors of the market have been decimated while others are out performing. Here are the risks and the opportunities you need to be aware at this crucial point in the Corona Crash… Join me on this free webinar “The…