Q2 GDP Growth 1.3% - Why It Isn’t Bad News
Q2 GDP Growth - The Final Atlanta Fed GDP Nowcast Q2 GDP Growth showed as the final Q2 Atlanta Fed GDP Nowcast was released on Thursday. It was a dud as the estimate was lowered from 1.6% to 1.3%. You can see this from the chart below. This report is expected to be the exact…
Your Plan for Friday's Earnings Outcomes
Amazon (AMZN) is down big but other stocks are up after Thursday's big earnings events. How did your position fare? And what 'fade trade' opportunities are setting up Friday on these expected moves? Corey details this and more in tonight's snap-earnings update after the close.
Facebook Beats Estimates & Tesla Misses Wildly
Facebook Beats Estimates - Big Tech Gets Over Regulatory Issue Quickly Facebook Beats Estimates even after big industry news. The news of the DOJ investigating market leading platforms sent the big tech names lower after-hours on Tuesday. But they quickly got over it on Wednesday. Apple stock only fell 8 basis points, Amazon was up…
Markit Manufacturing PMI Falls To 118 Month Low
Markit Manufacturing PMI - Existing Home Sales Before getting into Markit Manufacturing PMI, let's review homes sales. June existing home sales missed estimates. But stayed near its recent range. Sales were revised higher from 5.34 million to 5.36 million in May. In June sales fell back to 5.27 million which missed estimates for 5.32 million.…
Financials Break Higher but for How Long?
Earnings are in full swing and we have hit expected move butterfly's on CAT and SNAP with many more trading opportunities to come. More importantly the Russell and the Financials broke massively higher today in the face of lower interest rate, leaving the savviest of traders guessing as to what is driving these index products…
DOJ Opens Antitrust Investigation Into ‘Market Leading Online Platforms’
DOJ Opens Antitrust Investigation - Another Rally On Trade DOJ Opens Antitrust Investigation - as the market experiences yet another rally. The perfect scenario is playing out for stocks. Earnings season has been solid. Fed is going to cut rates. And America is working towards a trade deal with China. On Tuesday, S&P 500 increased…
Richmond Fed Manufacturing Index - Big Crash
Richmond Fed Manufacturing Index - The Week Heading Into The First Rate Cut Before getting into Richmond Fed Manufacturing Index - let's review the current market conditions. Stocks are heading into a historically positive period. Although, there isn’t much data to go by. As you can see from the chart below, in the week prior…
Trade These Earnings Plays Before it's Too Late
Wednesday and Thursday will provide dozens of opportunities to trade major stocks announcing earnings. From butterflies to vertical spreads to intraday opportunities, strike now while the opportunities are hot. In tonight's video, Corey discusses daily chart price levels that may help your butterfly or option strategy selection if you're playing these stocks before or after…
Stocks Choppy Before The 2020 Election? Maybe.
Stocks Choppy - Present Day Has Nice Monday Rally Stocks Choppy might be the case before the 2020 election. For now stocks are enjoying a nice rally. There wasn’t much news on Monday as most earnings reports are later in the week. Chicago Fed index was the only macroeconomic report that came out. Stocks still…
Economic Growth Below Average - But No Recession
Economic Growth - Negative Revision To April Chicago Fed Index Economic Growth was below average, yet there is still no recession. June Chicago Fed National Activity index was released on Monday. It was -2 basis points which missed estimates for no change. Any time the index is negative, it means growth is below average in…