Long or Short? This Market is Dangerous
Stocks end the week at the upper end of the expected move. In this crucial weekend video newsletter Don strategies with you on how to profit and protect yourself while this market is at an important point. Don't be left out of the next big opportunity and don't be the one who gets burned by…
Stocks Are Very Due For A Pullback
Extreme Greed Again This has been one of the best runs for stocks in recent memory as they continued to power higher on Thursday despite being very overbought. 14 day relative strength index was at 71.98 on Wednesday. With the 0.45% rally in the S&P 500 on Thursday, we expect it to be at least…
Leading Index Nearly Gives Off Recessionary Warning
Jobless Claims Fall As Expected Last week jobless claims skyrocketed 49,000 probably because of seasonal reasons. That week has the most variance of the year which means it’s the least important report. Personally, I never overreact to one week of data, but that added another reason to ignore the spike. As expected, claims fell in…
Trade Opportunities Keep Coming in Tesla
Stocks continue to march higher and we've been able to take advantage of it in Tesla stock. After several highly profitable trades in TSLA Don shows you some new opportunities in the stock...
Yield Curve Steepens, But Don’t Worry About A Recession
S&P 500 Ends Its Winning Streak S&P 500 ended its winning streak by nearly the slimmest of margins as it fell just 4 basis points on Wednesday. Only thing this does is end the winning streak. That’s one less argument the bears have that stocks are overbought. They still are overbought though. CNN fear and…
Hiring Growth Falls & Stocks Are Expensive
Openings Increased & Hiring Fell October JOLTS report wasn’t great because hiring fell. Openings being up doesn’t counter the decline in hiring as openings have been above hiring for a few years. If an opening doesn’t lead to a hire, it doesn’t matter much. If openings being above hiring made you think the labor market…
Trades and Trends in TSLA, SHOP, and More
Popular stocks Tesla (TSLA) and Shopify (SHOP) both made new all-time highs today as did some key financial stocks. What's the trade and will there be a safe pullback to get long soon? Corey highlights these high-flying stocks and more in tonight's video along with a discussion on how to read volume to enhance your…
5 Day Winning Streak Makes Stock Overbought
Another Record High For Stocks Stocks barely increased on Tuesday, but it was still another record high. S&P 500 is on a 5 day winning streak. That’s its longest winning streak in a month. S&P 500 is now up 27.35% year to date. CNN fear and greed index increased 3 points to 85 which is…
Housing Data Shows No 2020 Recession
Fund Managers Have Gotten More Optimistic A few months ago, investors in the Bank of America survey were calling for a recession. That has changed as we have seen in the recent surveys. As you can see from the chart below, the yearly change in the global manufacturing PMI has improved, but it’s still negative.…
Is the DOW JONES being Manipulated?
In tonight's video newsletter Don shows you how 2 stocks can move an entire marketplace. This is crucial for you to understand how the markets really work so you can always stay on the right side...