Richmond Fed Index - Record High
Richmond Fed Index - New Record It appears manufacturing activity in September was strong based on the regional Fed indexes and the Markit flash reading. There could be weakness in the service sector as was shown in the flash Markit reading. As you can see from the chart below, the Richmond Fed manufacturing index hit…
Watch These Fed Day Levels
Wednesday is a Fed Day and Corey walks you through four key markets including Equities, Gold, Crude Oil, and US Treasuries to pinpoint the key levels to watch, what to expect from the Fed Announcement, and how to build "departure" trade opportunities from these key levels…
Introduction to Swing Trading
Swing Trading - What is Swing Trading? A quick Internet search will yield many potential definitions of swing trading. However, most all fail to approach it from a technical analysis perspective. The typical definition is that it is a style of trading that carries a position overnight. This position is also held up to several…
Brent Oil Hits The Highest Level Since November 2014
Brent Oil Price Increase Drives Inflation Expectations The worst sectors were real estate and consumer staples as they fell 1.89% and 1.5%. The best ones were energy and tech which increased 1.47% and 0.31%. As you can tell, oil prices and interest rates affected stocks on Monday. Brent oil peaked at $81.39 which was its…
Inflation Forecasted To Rise Above Fed’s 2% Target
Inflation - Weak Services Push Composite Flash PMI Lower The flash September composite PMI from Markit was weak because the service sector missed estimates sharply. The composite PMI was 53.4 which missed estimates for 55 and the prior report of 55. This was below the lowest estimate of 53.8. This shows Markit is restarting its…
Here Comes The Fed
The yield curve is on the verge of inverting for the first time in a decade as the Fed is poised to raise short terms rates once again. Find out the types of trades you may want to take to protect your portfolio and profit. Also, watch the video for a high probability trade set…
Stock Investors Are Showing Extreme Greed
Stock Investors - Slight Selloff On Friday The optimism about the trade war is way overdone. New tariffs make it more likely there will be an economic slowdown in late 2018 and early 2019. The stock market is also way overbought even after the mild decline on Friday. The Dow was the only index that…
Here are the Opportunities with Markets at Highs
The stock market continues to trade very efficiently staying within the expected move for 22 out of the last 25 weeks. In this crucial weekend video newsletter update we look at the opportunities this sets up for the rest of the year. Watch this video newsletter update now to so you know what type of…
Communication Services - New Sector Starts Monday
Communication Services - Strong Thursday Rally The stock market rallied strongly again Thursday as the S&P 500 increased 0.78%, the Nasdaq increased 0.98%, and the Russell 2000 was up 0.43%. As you can see from the chart below, the Dow was the last of the 4 major indexes to reach a new record after the…
Leading Indicators Record High & Strong Philly Fed Index
Leading Indicators - Record High The August Conference Board leading indicators were up 0.4% month over month which missed the consensus for 0.5% growth. The July Conference Board leading index was revised to show 0.7% growth instead of 0.6% growth. Even though the leading index is supposed to lead the economy, they are laggards in…