Stocks Fall On Weak ISM Manufacturing PMI, Despite Strong Black Friday
Stocks Start December With A Bust? The stock market fell on Monday which isn’t a surprise because it was very overbought heading into the week. S&P 500’s 0.86% decline was its worst decline to start a December since 2008. That’s “nice to know”, but not a stat you can make trades based on. Stocks rallied…
Consumer Confidence Falls Right Before Holiday Shopping Season
House Price Growth Might Be Bottoming In the MBA report from the week of November 22nd, the seasonally adjusted purchase applications index was down 1% on a weekly basis after it increased 7%. On a yearly basis, it was up 55% because last year, this week included Thanksgiving and this time it didn’t. It’s not…
Did Markets Just Get Serious?
In today’s video, Don discusses how the marketplace has passed through 17 straight weeks that were inside of the expected move. Is this going to be a turning point? Don provides those details that you need to be aware of moving forward and expects that questions inside the marketplace will be resolved in the next…
The Market Grind is Coming to an End?
After an incredible 17 straight weeks of market efficiency is it time for volatility to return? Don shares why he thinks the market grind higher is close to an end. Here are the types of trades you'll want to enter to potentially capitalize on a market turn... To get daily TheoTrade insights get the BLACK…
73% Chance Stocks Drop In The Next Week
Extreme Euphoria Is Back With the rally in stocks on Wednesday, investors have once again become extremely bearish in the short term. Stocks are even more overbought than they were before that 3 day decline in late November. As of Tuesday, the 14 day RSI was at 74.4. With the rally on Wednesday, I’m guessing…
Atlanta Fed Sees 1.7% Q4 GDP Growth (New Home Sales Were Strong)
GDP Nowcast Revised Much Higher Q4 GDP growth has changed dramatically partially because of the recent advanced indicators reports. We have good news on trade, housing, and inventories which means GDP growth is on pace to be closer to 2% rather than below 1%. This was reflected in the Wednesday update of the Atlanta Fed…
Overbought Market Cranks out Another Record High
Another Record High: Santa Clause Euphoria The stock market rose again on Tuesday as the S&P 500 is now up 25.28% year to date, making this the best year since 2013. CNN fear and greed index fell 1 point to 69 which is greed. But don’t let that make you think stocks aren’t overbought. VIX…
Q4 GDP Growth Expectations Will Rise
Kansas City Fed Index Stays Slightly Negative November Kansas City Fed manufacturing index which came out last Friday was at -3 which is the same as the previous month. The chart below includes all the regional Fed indexes. As you can see, with 5 indexes included, the regional Fed data implies the ISM PMI will…
The Bullish Drift Continues: Your Update for the Holiday Week
With most traders not celebrating the relentless rally, stocks climbed higher today, boosted in part due to the low-volume holiday drift. In tonight's video, Corey updates you for what's left in November and highlights sectors and a handful of stocks on the move for your consideration...
New Record High As Stocks End Mini Correction
Mini Correction Over A correction is a smaller version of a bear market. The mini correction was even smaller than that. It was a 3 day decline that totaled less than 1%. It’s now over as the S&P 500 rallied 0.75% on Monday. It was a great day for stocks. Even though the Dallas Fed’s…