Dovish Fed & Key Earnings Reports - Stocks Are Loving Them
Dovish Fed - Big Rally Wednesday As Stocks End 7 Day FOMC Losing Streak The stock market rallied sharply on Wednesday. S&P 500 increased 1.55%, the Nasdaq rallied 2.2%, and the Russell 2000 increased 1.05%. Equities loved the great earnings report from Boeing, the weak earnings report from Apple, and the dovish Fed guidance. Apple…
Home Price Growth Was The Lowest Since January 2015
Home Price Growth - Housing To Hurt Q4 GDP Growth It’s pretty obvious at this point that the housing market was terrible in November and December. Prices were unaffordable especially in some cities in the West. The stock market was volatile, and the decline in interest rates didn’t start helping the housing market by then.…
A Dovish Fed Boosts Markets But for How Long?
The FOMC unanimously voted to keep rates unchanged and provided dovish comments. Most notable that they are going to exercise patience in raising rates. As we anticipated the initial news was going to be positive sending the market right to TheoTrade's gravity point of 2682. Watch this video newsletter to find out what to expect…
Apple Gives Weak Q2 Revenue Guidance
Apple - Stocks Fall Slightly As Most Important Week Continues S&P 500 fell 0.15% and the Russell 2000 fell 0.14%. The first 2 days of the most important week of the year have been duds. That’s no surprise. Earnings guidance has been weak, and stocks were very overbought starting the week. The Nasdaq fell 0.81%…
Consumer Sentiment Weakens In January
Consumer Sentiment - Redbook Growth Falls Sharply Year over year same store sales growth in the Redbook weekly report declined in the week of January 26th from 7% to 5.8%. We are now back to the doldrums of early January where growth was decelerating sharply. This is perfectly in line with the consumer sentiment report I…
What New Levels We're Watching
With Apple (AAPL), AMD, ALGN, and other major companies reporting, what levels are important for the market now? Corey takes a look at after-market earnings for today and walks you through updated levels for the daily charts of these stocks along with the /ES and /NQ new targets.
Caterpillar & Nvidia Send Stocks Lower
Caterpillar - Stocks Fall Monday Stocks finally took a breather on Monday as they fell modestly. S&P 500 fell 0.78%, the Nasdaq fell 1.11%, and the Russell 2000 fell 0.63%. Equities were on a 5 week winning streak heading into Monday as the S&P 500 was up 6.3% year to date. Stocks still need to fall further…
Government Shutdown To Hurt Q1 GDP Growth By 0.4%
Government Shutdown - Potential Effects The government shutdown might resume on February 15th. As for now, the CBO released the potential effects from the shutdown on past and future GDP growth. Negative impact on Q4 GDP growth will be 0.2% and the negative impact on Q1 will be 0.4%. Government Shutdown - Reports Still Delayed It’s…
A Market at the Crossroads: Brexit, FOMC, Earnings, Trade Wars….
Stocks quietly sell off today as NVDA and CAT drop on earnings announcements. With lots of looming risks this week what are the trading opportunities you may want to consider? Watch the video for a surprising trade...
S&P 500 On Pace To Increase Over 100% In 2019
S&P 500 - Massive 2019 Rally Continues 2019 has been a spectacular year for stocks as the S&P 500 is up 6.3%. If the stock market were to go up 6.3% every month it would be up 108% for the year. We know that’s almost impossible. The goal is to highlight how great this month has…