Fed Rates - Kept Same On Thursday?
Fed Rates - Stocks Rally On Election Day With the 0.63% rally in the S&P 500 on Tuesday, the stock market is only down 6% from its September peak. It is up 3.06% year to date. This rally continues to vindicate my short term bullishness. I’m still bullish in the short term. CNN Fear and…
Consumer Confidence Extremely Strong
Consumer Confidence - Strong Redfin Sales Report The Redfin report showed year over year same store sales growth for the week of November 3rd was 6.1%. That beat the previous week’s growth of 5.9%. This is the strongest growth rate since the beginning of October. It signals the holiday shopping season is about to be…
How to Trade Election Night and Beyond
"It's election night! In tonight's video, Corey walks us through key levels, expectations, game plans and compares current opportunities for tonight and tomorrow's session. In addition, he takes a moment to walk us through the overnight and next day's activity from both the 2014 Midterm and the 2016 Presidential Election for guidance.
Multiples Have Fallen The 3rd Most In 40 Years
Multiples - Apple & Amazon Fall, But Stocks Rally The S&P 500 rallied 0.56% on Monday. Berkshire Hathaway’s Class B shares rallied 4.7%. That's because the company bought almost $1 billion of its shares back in August. In the fist 9 months of the year the firm purchased $24.4 billion worth of shares. That’s over…
Strong Markit & ISM Services PMI for October
Strong Markit PMI Services The Markit PMI services index was similar to the manufacturing survey. Its final reading was very close to the preliminary mid-month reading. Final October reading of 54.8 beat the consensus and mid-month reading of 54.7. It beat last month’s report which was 53.5. Improved PMI is sharply divergent from the stock…
Here’s What Looms on Election Eve
Stocks diverge today in pre-election trading. The monsters of tech were sent lower today while financials bounced on the Berkshire Hathaway earnings. Here's what you need to know before tomorrow's crucial election on how it may impact stocks for the rest of the week...
Fed Rate Hikes - 3 More Expected By December 2019
Fed Rate Hikes - Mixed Action On Friday Before delving into Fed rate hikes, let's review Friday's market action. With all the volatility in the past few weeks, it appears investors aren’t focused on the midterm elections. At worst, I think the election won’t affect stocks. At best, it will inspire a big rally. Stocks…
Trade Setups for Where This Market is Headed Next
When the largest company on the planet lowers forward guidance the market listens. Stocks end the week lower led by AAPL. In this crucial weekend video newsletter update we focus on the opportunities in the coming week. For TheoTraders the last 3 or 4 weeks has made their year. Now is the time to get…
Apple Beats EPS & Revenue Estimates
Apple - Another Solid Rally On Thursday In the past 3 days the S&P 500 is up 3.75%. It was up 1.06% on Thursday. Nasdaq was up 1.75%, but that looks to be short lived. Apple fell after hours. Tussell 2000 increased 2.22% and the VIX fell 8.9%. Even though stocks have been roaring higher…
Wage Growth Is Not Excessively Inflationary
Wage Growth - Jobless Claims & Job Cuts Jobless claims and Challenger Job Cuts report didn’t match because one time layoffs boosted job cuts. The jobless claims report signals all is fine in the labor market. Number of claims fell from 216,000 to 214,000. There wasn’t much of an effect on the labor market from…