Jobless Claims Decrease As Stocks Rally Again
Jobless Claims Decrease - Another Rally On Thursday Jobless Claims Decrease - This has been a solid 3 day run for stocks as the S&P 500 is up 2.65% since the low on Monday afternoon. Because the correction wasn’t large to begin with, the market is close to recovering its losses. I don’t think the stock market…
Housing Market Index Strong & Industrial Production Weak
Housing Market Index - MBA Mortgage Applications Housing Market Index - In the week of May 10th, the MBA applications index fell 0.6% from last week after increasing 2.7%. The purchase applications index fell 1% after increasing 4%. Yearly growth was 7.7%. In April, purchase applications for newly built homes were up 15.6% annually. Recent…
Opportunities from Stocks Extending 52 Week Highs
Which leading stocks are extending gains and pushing to newer and newer 52-week highs? Corey walks you through today's updated scan for strongly trending stocks getting stronger and explains how you can quickly set up this scan for your own charts and trades....
Weak Economic Reports Don’t Stop The Market From Rallying
Weak Economic Reports - Another Rally On Wednesday Weak Economic Reports - S&P 500 increased 0.58% on Wednesday which was surprising to me because retail sales and industrial production missed estimates. Economic growth could end up being below 2% in Q2. That doesn’t correlate with a rising stock market. Headlines state the stock market rallied…
Cass Freight Index Craters: Economic Slowdown Worsens
Cass Freight Index - Q1 Household Debt Report: Debt Totals Before getting into the Cass Freight Index, let's review the NY Fed’s household debt and credit report. It gives us details on delinquency rates, nominal debt, and the credit scores of debt holders. Also, it gives us color on strength of the consumer. In the…
Divergence Displays More Risk is Imminent
Stocks rebound today after the Trump administration delayed tariffs on European imports. Investors were optimistic that the administration will only fight one trade war at a time. However, risks in the market remain elevated. In this video newsletter we look at volatility, bonds, and interest rates to gauge the markets next move. There is still…
Chinese Economic Growth Slows Sharply In April
Chinese Economic Growth - And The Recovery Rally On Tuesday Chinese Economic Growth - There wasn’t any major trade news on Tuesday, which some might see as a positive. President Trump tweeted about trade, but he just reiterated previous points. I think the market rallied because it was oversold, not because of his tweets. As…
Capitulation - Stock Market Reached On Monday
Capitulation Moment? Capitulation - Whenever the market corrects or falls into a bear market, investors are always trying to spot the bottom to make a quick profit. The American stock market has had the best real returns out of any country’s stock market in the past 100 years. It’s not a given that stocks will…
Watch These Crucial Price Levels for Trading Opportunities
A rapid sell-off in May took indexes and key stocks rapidly lower to key price targets. In tonight's video, Corey updates you on the broader indexes, the VIX pattern, and leading tech stocks such as Apple (AAPL), Amazon (AMZN) and others. Are there new opportunities off these newly achieved support targets? Or is further selling…
Market Correction Catalyzed By Trade Worries
Market Correction - Stocks Crater On Trade Fears Market Correction - In a previous article, I predicted that when China retaliated against America’s new 25% tariff rate on $200 billion worth of goods, the stock market would fall. On Monday, China stated it would tariff $60 billion worth of American goods. This sent the S&P…