Housing Starts Grow 1.5% But Miss Estimates
Housing - E-commerce Sales Growth Let's go over e-commerce sales before getting into housing starts. Q3 e-commerce sales growth was only 3.1% on a quarter over quarter annualized basis. That fell from 3.6% in Q2. Q2’s growth rate was revised down from 3.9%. This is in tune with the October retail sales report which shows…
Retail Craters As Target Leads Stocks Lower
Retail Craters - Stocks Crash Further On Tuesday Bearish outlook despite the low CNN fear and greed index was correct again on Tuesday. S&P 500 fell 1.82% even as the CNN index entered the day at 8. That signals extreme fear. Losses on Tuesday pushed it to 6. 14 day relative strength index is actually…
Industrial Production Was Up 4%: No Sign Of A Recession?
Industrial Production & Manufacturing - 10 Year Highs Month over month industrial production growth was 0.1% in October. It missed estimates for 0.2% growth. September’s growth rate was revised from 0.3% to 0.2%. It’s not a great sign to see month over month growth miss estimates when the prior month was revised lower. The good news,…
Holiday Week Key Levels and Volatility Update
In tonight's video, Corey updates you on the key SP500 and NASDAQ daily chart levels to watch for any bounce or breakdown for the holiday week and beyond. Then, using these levels as focal points, he discusses likely bounce or potential additional breakdown targets beneath current support zones for short term traders to target.
Housing Market Index Craters
Housing Market Index - Oversold Stocks Fall Again Many investors are no longer bullish on stocks even though they are oversold because the fundamentals look bad. We got a reminder of those weak fundamentals on Monday. The new outlook has been working. CNN fear and greed index showed “extreme fear” heading into the day and…
G-20 Meeting - Will Presidents Trump & Xi Face Off?
G-20 Meeting - Very Strong November Empire Fed Report Before going into the G-20 Meeting, let's go over some stats from the November Empire Fed Report. Not every manufacturing survey from the Fed was weak in November. The first example of this is the Empire Fed report. It came in at 23.2, which beat estimates…
Opportunities Keep Coming as Market Pain Persists
Stocks slowly crater today with big tech stocks like AAPL and AMZN getting annihilated. What an incredible time to be a trader as opportunities are everywhere. Watch this video newsletter now so you're on the front line of the trading opportunities...
Global Yield Curve Inversion Spells Doom For The Economy
Global Yield Curve - Stocks Continue To Rebound On Friday Stocks rallied slightly on Friday. S&P 500 and the Russell 2000 both increased 0.22%. This latest weakness in FAANG and Nvidia crashing 18.8% was from weak guidance. The 0.15% decline in the Nasdaq was impressive. CNN Fear and Greed index was steady at 10 which…
Sector Rotations Provide These Immense Opportunities
Another fantastic week trading a two sided market. In this crucial weekend videos newsletter update we take a look at which stocks money is flowing out of and which stocks money is flowing into. Watch the video and take advantage of these trading opportunities while you can...
Trend Trading Introduction
Trend Trading – What Is It? One of the foundational principles of technical analysis is that asset prices move in trends. The intent of any technical trader is to enter early in the price’s trend and exit when it changes. A chartist’s use of moving averages, trend lines and other indicators are an attempt to…