Consumer Will Prevent A Q4 Recession
No Recession In Q4: Strong Consumer If this is a recession, no one told consumers. A key takeaway from the November consumer sentiment report is the economy isn’t in a recession now. Consumer spending growth should be solid in November and December. Many think the best chance of negative GDP growth is in Q4 2019…
An Innovative Trade for a Market Breakout
With the S&P 500 approaching all-time highs the Russell 2000 has lagged significantly. Don has identified a breakout backspread trade for the Russell and uses the credit from the Russell trade to buy a bullish spread in Disney... all with minimal downside if both trades go south! Find out if this trade is right for…
Santa Clause Rally & Tesla’s Cybertruck Flub
Stocks Recover On Friday After Solid PMI Sometimes we’ve seen the stock market ignore big economic data. It wouldn't be surprising if the stock market ignored the Markit report because it usually follows the ISM report closer. However, on Friday stocks increased slightly as they should of after the encouraging Markit PMI. Flash reading, which…
Markit PMI Increases: No Q4 Recession?
Solid October Existing Home Sales Many predicted strong results from the existing and new home sales reports this week. October existing home sales reading missed estimates, but increased from September. This was a good report. Sales increased from 5.36 million to 5.46 million which is a 1.9% increase which missed estimates by 20,000. Last month’s…
Risks Amplify as Markets Fail to Gain New Ground
Don explains how risk is amplified after a flat week in the market. This creates a lot of opportunity for you if you're prepared. Find out the types of positions you may want to carry to capitalize on the markets next move...
Janet Yellen Fears A Recession?
S&P 500 In A 3 Day Losing Streak S&P 500 fell again on Thursday as the market finally makes sense again. After being very overbought, a sense of normalcy has returned. S&P 500 was down 0.16% on Thursday which means it is still within 1% of its record high. It’s still nice to see the…
Yearly Leading Indicators Growth Barely Positive
Jobless Claims Stay Modestly Elevated Last week jobless claims rose. Claims were revised higher by 2,000 to 227,000. Estimates didn’t change anything. Furthermore, the number of claims in the latest report showed the increase stayed (no states were estimates in this report). There were 227,000 claims again which was 10,000 above the consensus. So there…
Navigating Through the Choppy Market Waters
We had another range day in the market and a trend breakout in Crude Oil. In tonight's video, Corey updates you on the weekly expected move, profile levels, and plan to kick-start your trades Friday and into next week. What levels are important and when might we see range expansion? Find out in tonight's video...
Stocks Fall On Worries About Phase 1 Of the Trade Deal
Finally, A Small Decline The stock market finally had a significant down day. It wasn’t a huge down day, but the streak of days without back to back losses ended. S&P 500 was down 0.38%. Somehow VIX was down 8 basis points as it fell to 12.38. So its streak of being below 15 continued. …
Fed Minutes Suggest No Change In Rates Soon
Another Good MBA Applications Report MBA Applications report from the week of November 15th was strong again. Composite index was down 2.2% weekly after it rose 9.6%. This weakness was because of the refinance index which was down 8% after rising 13%. It’s not surprising refinancing is down because rates are off their lows. Even really…