Optimism Oddly High In Philly Fed Manufacturing Report
Philly Fed Index Falls, But Expectations Improve Latest trend in the October regional Fed manufacturing reports appears to be positive, near zero readings. But an improvement in the expectations category which was hammered in the previous month. This trend worked for the Philly Fed report. As you can see from the chart below, the general…
Planning Another Sell Swing from Resistance
The broader market is setting up the fourth sell-swing event into resistance as volume dries up across the board. What is the pattern and more importantly how might you position ahead of a likely sell-swing in the near-future? Corey walks you through strategies and how it's setting up again in tonight's video...
S&P 500 Has Gotten Near Its Record High 17 Times Since July 26th
Stocks Increase Decently On Monday S&P 500 seems to be attached to the 3,000 level. Another way of saying this is stocks can’t get to new a record high. On Monday, the S&P 500 was up 0.69%, putting it at 3,007. The index has gotten to within 1% of its record high on July 26th in…
No Recession, But Industrial Production Weakness Continues
Leading Indicators September leading indicators index fell and missed estimates, but it still doesn’t signal a recession is coming. August monthly growth rate was revised down from 0% to -0.2%. The September reading showed a 0.1% decline which missed estimates for a 0.2% gain. It’s surprising to see this report miss estimates by this much…
The Fade Trade is in Play
The S&P move back up above 3,000 ahead of earnings announcements this week. The market will be looking at revenue numbers and guidance as a big driver for the overall market and major sectors. Here is an opportunity in several sectors that you may want to trade…
Global Growth Slows, but Markets Fail to React
Stocks end the week stuck in a range despite a global growth slow down for the 2nd quarter in a row. In this crucial weekend video newsletter update we focus on lots of opportunities in upcoming earnings announcements. Watch this video newsletter update right now to so you're not blind sided in next week's trading...
Tech Stocks Hit Targets into Earnings
Netflix (NFLX) gapped higher after earnings today, but it wasn't alone. Three other main stocks in the SP100 joined Netflix with a gap-up into our previously-stated upside targets. What are these names and what stocks are reporting earnings on Friday? Join Corey for the answer in tonight's video.
Beige Book States US Economy Grew At “Slight To Modest Pace”
Stocks Fall Slightly Despite Bad News It's surprising how well stocks held up on Wednesday. Especially considering the fact that the retail sales report missed estimates. And the Chicago Fed President called for no more rate cuts this year and next year, just like the FOMC. It’s interesting because whenever any bad news comes out…
September Retail Sales Growth Misses Estimates
Potential Winners & Losers Of Dem Debate The Democratic debate on Tuesday was 3 hours long and included 12 candidates. It was probably a bit too many candidates to have on one stage. Given the slightly higher standards to make the next debate, I’m expecting there to be 2-4 fewer on November 20th. So far,…
Expected Moves Drive Stocks Around Earnings
Earnings take center stage with Netflix, the first of the major tech stocks releasing numbers after the bell. What we learn via watching thousands of occurrence of earnings announcements is stock price movement following earnings is being driven almost exclusively by options markets. Don will explain how expected move grips hold of stock price movement…