Recession Risks - Two Big Ones
Recession Risks - Slowdown Increases Recession Risk During economic slowdowns there are increased Recession Risks. Because the last recession nearly collapsed the financial system, investors think there needs to be a massive catalyst to end the business cycle. The 2008 recession was a once in a generation event in my opinion. That doesn’t mean I’m predicting another…
Will this Time be Different? Your Bearish Breakdown Plan
We're still following the script from October 2018 as it plays out in similar fashion now in May 2019. Will we continue to see more bearish rapid downside action develop on a break under 2,800 or will bulls flip the script and give us a bounce instead of a breakdown? Either way, know your levels,…
Dow Down 5 Straight Weeks: Longest Losing Streak Since 2011
Dow Down - Slight Friday Recovery But Issues Remain In the longest losing streak in 8 years, we saw the Dow Down 5 straight weeks. The stock market had a relief rally on Friday as the S&P 500 increased 0.14%. However, it lost a lot of the gains it opened the trading session with. Nasdaq…
New Home Sales Report - Big Positive Revision
New Home Sales Report - Strong New Home Sales There was an interesting revision in the New Home Sales Report. Technically, the April new home sales reading missed estimates slightly. But this was still a great report. Positive revisions in the previous months far outweigh the slight consensus miss. Specifically, April new home sales were 673,000 which missed…
Markets on the Verge of Getting Ugly
Stocks end the volatile week lower as market internals turn bearish. In this crucial weekend video newsletter we look at the most important sectors to the market. Also, there's a high chance we return to the volatility box in the coming week. The volatility box gives us a huge opportunity in the market. Don't miss…
Weak Economic Reports Almost Catalyzes The First 5% Correction Of 2019
Weak Economic Reports - Another Down Day There are several Weak Economic Reports that almost seem to be leading towards a correction. Thursday was another down day. S&P 500 fell 1.19%, Nasdaq fell 1.58%, and Russell 2000 fell 1.97%. The market is now at the low end of its recent range. There still hasn’t been a…
Economic Slowdown Signaled By Disastrous Flash May PMI Reading
Economic Slowdown - Jobless Claims Stay Low Before getting into the seemingly imminent Economic Slowdown, let's discuss the jobless claims. In the week of May 18th, jobless claims fell 1,000 to 211,000. As you can see from the chart below, the past couple jobless claims reports have settled in between the spike in late April and the trough…
Which Big Retail Names Should You be Trading Now?
Which major retail stocks offer the best trading ideas right now? With Target and Lowe's both moving in different directions after earnings this week, are there opportunities here? And what other names might give us low-risk opportunities for the rest of May into June? Join Corey as he discusses retail stock ideas in tonight's video…
Tesla Stock Craters 6%
Tesla Stock Craters - Stocks Fall Again Tesla Stock Craters and S&P 500 fell 0.28% on Wednesday. This supports my thesis that the market won’t hit a new record high until economic data improves or the odds of a trade deal improve. A more specific way of saying this is I don’t expect stocks to…
Homeownership Rate 23 Points Lower For Millennials
Homeownership Rate - Relatively Poor MBA Applications Before getting into the Homeownership Rate, let's review the MBA Appplications. MBA applications index in the week of May 17th increased 2.4% weekly which was up from the 0.6% decline last week. Unfortunately, this strength was all about the refinance index. It increased 8% after falling 1% last week.…