Overbought Signals - Yet S&P 500 Hits Another Record High
S&P 500 Somehow Hits Another Record High The stock market has hit stall speed in the past few days as it has barely moved. Extremely overbought levels haven’t catalyzed a correction like many expected. Not that there have been any big increases in the past few days either. In the past 5 trading days, the…
Household Debt Is Likely Not An Issue For The US Economy
Household Debt Increases $92 Billion Q3 NY Fed household debt and credit report was released this week. It’s a great look at the health of the consumer even though it’s a bit dated. We’re trying to figure out how strong holiday spending will be and this report is from the summer. That being said, usually…
Here's Your Short-Term Plan to Navigate Markets into Critical Level
Stocks are indeed at a critical level at the middle of November and Corey walks you through what to expect, how to plan, and how to manage trades into this key spot. Also, learn the "Low Probability High Outcome" Plan and be ready in the event stocks do catch fire and break out higher from…
Disney Increases 7.32% On Successful Disney+ Launch
Another Relatively Flat Day: Stocks Refuse To Correct S&P 500 has been nearly flat for the past 4 days. It increased 7 basis points on Wednesday. That was enough for a new record high. When investors discuss the stock market having a horizontal correction, they don’t envision new record highs being hit consistently. The market…
Medical Care Services Inflation Matches Cycle High (5.1%)
Housing Market Might Be Fine Housing market is pivotal because business investment is weak. Currently, the economy can’t handle another blow as GDP growth already might be below 1% in Q4. And, the housing market ended its 7 quarter decline in Q3. It should be strong in Q4 at least. Even with the increase in…
Apple Trading at Statistically Insane Levels?
In markets like these we look for opportunities where we have a statistical edge. Apple is a stock that has been bid up for various reasons and now presents us with an opportunity. Watch tonight's video newsletter to find out how you can capitalize on Apple's run up…
24 Days Without Back To Back Losses
Still Overbought The stock market fell 0.2% on Veteran’s Day and increased 0.16% on Tuesday which means it is still overbought. S&P 500 would have been up more on Tuesday if it wasn’t for President Trump’s comments on trade. That briefly put the S&P 500 in negative territory in the afternoon. Stocks recovered in the last…
Business Confidence Falls To A 3 Year Low
Redbook Same Store Sales Growth Falls In the week of November 9th, yearly same store sales growth in the Redbook report fell from 5.5% to 5%. That’s exactly in between the prior 2 weeks which had growth of 4.5% and 5.5%. It doesn’t seem like November has been a great month so far. But keep…
Your Recap and Plan for the Week Ahead
Tuesday, stocks closed flat and straight in the middle of the weekly expected move with a flat - 50/50 advance-decline line. Corey walks us through what this means for us in the market, highlights risk-on/risk-off money flow also in Gold, Crude Oil, and Bonds, and then pinpoints key stocks for possible opportunities as we chop…
Interest Rates will Define the Markets Path Forward
Stocks mostly flat today as the bond market was closed because of Veterans Day. As we move forward all eyes are going to be on interest rates. The 10 year has risen close to 50 basis points in just the last 6 weeks. These are the stocks that are most vulnerable as interest rates continue…