Leading Index Yearly Growth Rate Turns Positive
Leading Index - Strong Chinese Exports, But Imports Fall Leading Index - China is starting to turn around as the government stimulus is working. Dollar denominated exports increased 14.2% in March on a year over year basis. That almost doubled estimates for a 7.3% increase. The weak part of this trade report was that imports…
A Docile Market But for How Long?
After a docile week in the markets find out what to expect next week. Lots of opportunity as earnings season has just started. In this crucial weekend video newsletter we hone in on the financials and big tech. These two are the biggest sectors in the stock market and hold the key for the markets…
Financial Earnings in Play Tomorrow
What opportunities are we spotting in the XLF Financial Sector with big names JP Morgan (JPM) and Wells Fargo (WFC) reporting earnings Friday morning? Corey highlights these stocks and key levels to trade as we begin the Q2 earnings spree...
2% Core CPI Matches Fed’s Target
2% Core CPI - Stocks Rebound On Wednesday So much for the potential correction because stocks were overbought. On Wednesday, S&P 500 rallied 0.35%, Nasdaq increased 0.69%, and Russell 2000 increased 1.4%. The market is once again within striking distance of its all-time high. It might even reach that level next week. S&P 500 needs…
Housing Purchase Applications - 13% Yearly Growth
Housing Purchase Applications - Fed Minutes Consistent With Previous Statements Before getting into Housing Purchase Applications, let's discuss the recent Fed minutes. Fed did its job early this year by becoming move dovish in the face of weak economic reports. Current policy is in the sweet spot where inflation won’t spike and the economy probably will…
How Overbought are these Stocks?
The markets had no reaction after the Fed minutes and ECB rate decision came out. The ECB kept rates at 0% whereas the Fed said they will wait and see. As we move into earning’s season we need to look at just how overbought stocks are after a historic run in Q1. Here are the…
Stocks End Streak of Winning
Stocks End Streak - Finally Stocks Fall It has been an amazing year for stocks, but even in a great year stocks don’t increase every day. Recent winning streak ended at 8 as S&P 500 fell 0.61% on Tuesday. Nasdaq fell 0.56%, Russell 2000 fell 1.22%, and VIX increased 8.35%. Traders were intensely short the VIX…
Job Openings Plummet In February
Job Openings - Redbook Same Store Sales Growth Improves Before getting into job openings, let's review the Redbook. In the week of April 6th, Redbook yearly same store sales growth improved from 4.4% to 4.8%. That’s obviously good news. But keep in mind, last week the Redbook same store sales growth rate fell from 5.3%. …
Five Compressed Stocks Primed for a Breakout
Using our "tightly compressed stock scan," Corey highlights the five most range-compressed stocks in the SP100 right now and explains key targets to trade within the range and future price targets on a breakout event. Note the updates and opportunities available in these names as stocks trade near 2019 highs...
Winning Streak - S&P 500 On An 8 Day 2017 Throwback
Winning Streak - Throwback To 2017 The stock market is riding a rally as if it is back in 2017 when stocks almost never fell. As you can see from the chart below, the S&P 500 is on an 8 day winning streak which is the longest streak since October 2017. The market hasn’t been…