KB Home Lowers Guidance Due To Weakness In The Housing Market
KB Home - Market's Big Reversal The reversal in stocks on Thursday is the gut-wrenching action that normally occurs in bear markets and corrections. Just when you’ve given up on stocks, they come roaring back. S&P 500 was down 0.71% in the morning and closed up 1.06%. Nasdaq rallied 1.72% and the Russell 2000 was…
October Core CPI Decelerated, But Fed Touches The Breaks Anyway
October Core CPI - Neutral Rate Holds The Policy Key Core inflation is starting to decelerate like many expected. Some economists are even projecting the cycle peak in inflation has occurred. Inflation will likely fall in the next few months along with oil. If you think the cycle peak in inflation has occurred, then it…
Levels and Trades for Gold and Oil Now
With Crude achieving a key weekly chart level, what's the next play and additional levels for short term intraday and swing trades? Corey discusses Crude Oil along with levels and opportunities for short term traders in Gold.
Powell Happy With The Economy While Investors Flee U.S. Stocks
Powell - Another Down Day For Stocks The 12 day losing streak in oil ended. But stocks continued to fall even though they are oversold. Personally, I’m done trying to go bullish in the short term. Fundamentals of earnings and the economy have eroded. S&P 500 fell 0.75%, Nasdaq fell 0.9%, and Russell 2000 decreased…
Mortgage Applications The Lowest Since February 2017
Mortgage Applications - More Weakness In MBA Applications The housing market weakened this summer. Home price growth is going to fall in the next few months. Affordability is a problem in many cities. The latest housing data comes from the MBA mortgage applications index. This composite index was down 3.2% week over year in the…
Strategies for an Unstable Market
Stocks went on a wild ride today with stocks like AAPL In bear market territory and the financials getting clobbered. With extraordinary volatility what strategies do you want to focus on? Watch the newsletter update to find out...
WTI Oil Falls 7.1%: Record Long 12 Day Losing Streak
WTI Oil - Stocks Fall Again On Tuesday Corrections continued on Tuesday. Positive comments on trade from Larry Kudlow and the fact that stocks are oversold didn’t prevent losses. The oil market extended its record losing streak to 12 days with a bang. Catalysts of all this weakness continue to be questions about global growth.…
Housing Continues To Weaken
Weakness In The Housing Market There haven’t been any new data points on housing in the past few days. No economic reports came out on Veteran’s day. The next big reports will be the housing price index on November 19th and the starts report on November 20th. Even though there isn’t new data, I have…
Focus on the Financials
What's in store for Financials and the XLF for this week? In tonight's video, Corey discusses the key support level and targets for short-term trades in both the XLF with the SP500 and selected leading financial companies including Goldman Sachs (GS), JP Morgan (JPM), Morgan Stanley, Microsoft (MSFT) and others.
Apple & Goldman Sachs Lead Stocks Lower
Apple & Goldman Sachs - Stocks Crater On Veteran’s Day The market was open on Veteran’s day. But the bulls wish it wasn’t as the S&P 500 fell 1.97%. Nasdaq fell 2.78%, and the Russell 2000 fell 1.98%. I was wrong to suggest stocks were a buy on Friday as the CNN Fear and Greed…