Monsters of Tech Dominate Earnings – Here’s Our Trades
The overall market continues be flat with low volume. However, there are plenty of earnings announcements coming out including TSLA, FB, MSFT, INTC, AMZN, and more. Watch this video newsletter tonight to find out what trades we have on ahead of earnings being released...
Market Record High Recaptured In Only 4 Months
Market Record High - S&P 500 Hits A New Record Market Record High - On Tuesday, the S&P 500 increased 0.88% as earnings have been coming in strong. The close of 2,933.68 surpassed the previous record high set last September. As you can see from the chart below, it took 95 days for the market…
Earnings Results - Solid Initial Q1
Earnings Results - Do Earnings Matter? Earnings Results - Short answer to the question if earnings matter is “yes they do.” Earnings are the only thing that matters to stocks. Every factor that affects stocks only matters as much as it affects their future earnings. The chart below makes it look like earnings don’t matter because…
Trading Wednesday's Big Earnings Stocks
Wednesday gives us more earnings candidates to trade, including Tesla (TSLA), Microsoft (MSFT), Boeing (BA), and many others. In tonight's video, Corey details key daily and weekly chart levels as pivots and trading opportunities in these stocks before and after the earnings announcements set these stocks in motion...
Stocks Anticipate Big 2 Weeks Of Earnings
Stocks Anticipate - Slight Rally As The S&P 500 Inches Closer To A New Record On Monday, S&P 500 increased 0.1% which was enough to hit a new closing high for 2019. It is inching closer to the September high. It's about 23 points away from that threshold. It made sense that the market was…
April Markit PMI Weak - But Decent Q1 GDP Growth
April Markit PMI - 2.2% GDP Growth Q1 initial GDP reading will be released on Friday. To be clear, this reading might be far from where it ends up after revisions. However, there isn’t an obvious bubble, like tech and housing in the past 2 cycles. Also, there are very few indicators signaling a recession is…
Earnings Take Center Stage with these Trade Ideas
Stocks flat today with very light volume as the Holiday tape continues. However, you shouldn't expect the rest of the week to be quiet. There are lots of earnings announcements coming out. MSFT, TSLA, SNAP, BA, CAT, and FB just to name a few. Watch tonight's video newsletter for trading opportunities around earnings announcements that…
50 Day Moving Average - 70% Of S&P 500 Stocks Are Above
50 Day Moving Average - Just Missed Record High The S&P 500 just missed setting a new record high in the week shortened by Good Friday. On Thursday it increased 16 basis points to 2,905.03 which is about 2 points below its high for the year and 25 points below its record closing high. Nasdaq increased…
Jobless Claims Fall To A Cycle Low
Jobless Claims Plummet The labor market is likely healthy as jobless claims plummeted again as both the weekly claims and the 4 week average are at cycle lows. They are at their lowest levels since 1969 when the labor market was half the size it is now. Keep in mind, the number of people applying…
Volatility is Lurking in These Sectors
The S&P 500 ends the shortened week at the critical 2911 gravity point. In this extended weekend video newsletter update we look at the surprising places where volatility in lurking. Also, there's more earnings announcements next week which gives us lots of opportunity...