S&P 500 - Recent Gains In The 99th Percentile
S&P 500 - The Incredible Rally Continues The rally this year has been relentless and unbelievable. It has wiped out the shorts who were calling for a recession in 2019. The S&P 500 is now up 6.54% year to date as it has surpassed many year end forecasts within the first month. On Friday the S&P…
It Ain't Easy Being a Bear
Stocks continue right back into our volatility box and key gravity points we have been discussing for months. In this crucial weekend video newsletter update we focus on the recent successful trades and how to duplicate that success next week. Watch this video newsletter update right now so you know how to position your portfolio…
Netflix Reports Weak Guidance As It Ramps Content Spending
Netflix - Another Rally: The Froth Bubbles Further The stock market rallied again on Thursday. S&P 500 was up 0.76%, the Nasdaq increased 0.71%, and the Russell 2000 increased 0.86%. The stock market is very overbought. Stocks rallied on the report in the Wall Street Journal that America would lower tariffs on China to get…
Global Economic Political Policy - Highest Uncertainty In Over 20 Years
Global Economic Political Policy Uncertainty Explodes 2018 wasn’t a great year for the global economy as countries like Germany and China saw sharp growth deceleration. There is heightened political and economic uncertainty in 2019. As you can see from the chart below, global economic policy uncertainty is higher than it has been since at least…
Earnings Drop in NFLX and AXP. What's next?
Netflix (NFLX) and American Express (AXP) shares tumbled lower after both companies reported earnings. However, both companies' stock pushed all the way to the earnings-based expected move. What's the play from here and how does it factor into the higher frame daily chart? Corey updates the results and new levels in tonight's video...
Goldman Sachs & Bank Of America Soar On Great Earnings
Goldman Sachs - Financials Lead Market Higher The stock market became more overbought on Wednesday. S&P 500 increased 0.22%, Nasdaq increased 0.15%, and Russell 2000 increased 0.66%. Even with this rally, the VIX increased 2.37%. This increase in the VIX is probably meaningless. Even with the VIX’s increase, the CNN fear and greed index increased…
Negative Beige Book Signals Fed Will Be Dovish
Negative Beige Book Fed’s Beige Book was released on Wednesday. It’s no surprise that the Fed has become more cautious on the economy. To be clear, the Beige Book doesn’t affect my own analysis on the economy and shouldn’t affect yours either. We follow this report to understand Fed policy. Fed’s analysis is usually late…
What is Hiding Beneath this Market?
Stocks continue to inch higher as earnings announcements have helped financial stocks stabilize the markets. The S&P is at a critical gravity point level we have been watching for many months. Are the dip buyers running out of steam? Find out in tonight's video newsletter...
Stock Market Is Frothy
Stock Market Speculation Is Back The stock market is seeing modest froth. This was unthinkable back in December when the stock market was at the trough of its 20% decline. Instead of a recession in the first half of 2019, traders have been greeted with a major rally. In my opinion, investors were pricing in…