Retail Sales Report - 5% Year Over Year Control Group
Retail Sales Report - Decent Retail Sales Growth The September retail sales report was controversial in that both the bulls and the bears used it to support their narratives. With stocks falling on Monday, the bears were gaining confidence and ready to declare another victory. I disagree with the bears. I think this was a…
Earnings Aftermath in NFLX and IBM
With Netflix (NFLX) and IBM reporting after the close, we're seeing price action spike in different directions - up for NFLX and down for IBM. In tonight's video, Corey walks you through the expected movement, price levels, and watch to watch for tomorrow in terms of the broader XLK and /NQ.
Stocks Decline On Monday Even Though They Are Oversold
Stocks Decline Again Surprisingly, stocks fell on Monday. The market is very oversold which usually implies a bull run is coming. I’m not saying stocks should hit a new high. But I think a 2% to 3% recovery this week is in the cards unless there’s a negative catalyst. The S&P 500 14 day relative…
Trade War - Negative Impacts
Trade War - Soybean Inspections It’s very important to avoid listening to cynics who claim soybeans aren’t important. They are America’s largest export to China. The trade war between China and American appears to be getting worse. It’s important to follow this commodity closely. America has a mixed economy while China has a command economy.…
Rally Time or More Selling?
Large swings in the market is the hallmark of volatility. Opportunities are on both sides of the market. Check out this video newsletter to find out how you can capitalize on those opportunities right now...
Modest Stocks Rebound Ends A Terrible Week
Modest Stocks Rebound - A Mini Recovery The stock market recovered on Friday after having two terrible days. In bull markets stocks recover slowly. In bear markets stocks recover quickly and then lose more value even quicker. Fiercest rallies are in bear markets because traders fall into the trap of thinking the bear market is…
Return of the Trader
Volatility has returned with a vengeance. The market is no longer buy and hold. Now is the time for traders to get back to work and take advantage of the massive opportunity in the market. In this crucial weekend video newsletter update we look at all the opportunities in the coming week...
Stocks Bounce Usually After A Decline Like This
Stocks Bounce - Time To Buy Stocks Sentiment on stocks has shifted so quickly the S&P 500 went from being overbought to oversold in a few trading days. The CNN Fear and Greed index bottomed at 6 out of 100 which signals extreme fear. That doesn’t mean stocks will increase over the next 12 months.…
Stocks Oversold At Extremes
Stocks Oversold - Another Down Day The stock market had another weak trading session on Thursday. The S&P 500 fell 2.06% and the Russell 2000 fell 1.91%. On the bright side, some of the hardest hit groups outperformed. The Nasdaq only fell 1.25%. EEM emerging markets ETF fell 1.01%. Facebook stock rose 1.3%. I’m not…
Sectors and Gravity Spots to Watch in the Market
In tonight's video, Corey updates the big movement across the sectors and where strength and weakness lies (and thus opportunity). Finally, he pinpoints the key Gravity Points on the /ES Daily Chart for planning the next swing, one of which we bounce up away from today.