Earnings Help Get The S&P 500 Near 3,000 Again
Stocks Rally On Earnings Bank stocks helped lift the overall market higher because of the steepening yield curve and their good earnings reports. I’ll review the earnings reports later in this article. S&P 500 was up 1% to 2,996. It is back near its favorite spot which is 3,000. It hugged 3,000 for much of…
Redbook Same Store Sales Growth The Worst Since July 2018
Slight Improvement In Empire Fed Index October Empire Fed manufacturing index was just like the University of Michigan consumer confidence index in that it was expected to fall, but it rose. Empire Fed index was different because on an absolute basis it was weaker. Specifically, expectations were for it to fall from 2 to 0.8…
Targets Achieved in Key Financial Stocks
After a round of surprise earnings today, many key financial stocks achieved higher price targets mentioned earlier from support bounce plays. In tonight's video, Corey updates you on the broader Financial Sector (XLF) along with earnings-specific updates in key stocks including Goldman Sachs (GS).
What to Expect as Earnings Season Approaches
Don't let today's Holiday tape fool you. The market still expects a big move this week thanks to major earnings announcements. Here are the trading opportunities to advantage of this week...
Phase 1 Trade Deal Isn’t A Deal: Buy The Rumor Sell The News
Stocks Rise On Phase 1 Deal The stock market has had many rallies and dips in the past few weeks on trade news and rumors. It was apropos that there were 2 more twists on the day of the meeting with the Vice Premier. As you can see from the chart below, positive trade rumors…
Consumers Most Optimistic On Real Income Growth In 2 Decades
University Of Michigan Consumer Confidence Improves The University of Michigan consumer confidence index improved again in October. That’s 2 months of improvements assuming the preliminary reading is near the final reading. These increases came after the sharp decline in August because of the trade war. That weak reading was correlated with real personal consumption growth,…
Trade War, FED, or Earnings Pick Your Volatility Poison
Although trade war talk will subside there are still lots of volatility events on the horizon and the market is pricing that in. In this crucial weekend video newsletter Don discusses those risks and what opportunities you can expect next week...
Lowest Percentage Of Bears Since Mid-2016
Stocks Rise After President Trump’s Positive Tweet Many think stocks will rise on almost anything even if it’s mildly positive because sentiment is so bad. That situation occurred on Thursday. S&P 500 increased 0.64% after President Trump’s positive tweet on trade. There’s no proof of any agreement. We’ll need to wait until Friday for that.…
Strong Jobless Claims & Slight Decline In Inflation
Jobless Claims DO NOT Signal A Recession Jobless claims are the thorn in the side of the bears. We keep hearing from the bears about how jobless claims will spike, but it never happens (on a sustainable basis). Let's discuss 2 important misnomers heard from the bears. First is the bears say initial claims are…
Your Trading Plan for Friday
In light of surprise headlines and volatility, the SP500 stayed mostly within the weekly expected move levels. In tonight's video, Corey updates your Expected Move charts for Friday and notes key trendlines and specific levels in all equity indexes for your trades into the weekend.