Watch These Sectors at All Time Highs
In tonight's video, Corey plots the new all-time highs in the SP500 and Dow futures but compares those with the Russell and NASDAQ which aren't quite there yet. Then, we examine the nine sectors - or pillars on which the market stands - for signs of relative strength, weakness, and what this means for the…
Hourly Earnings Growth Is Positive Again
Hourly Earnings Growth - Real Wage Growth Is Positive Again Inflation missed estimates as CPI fell from 2.9% year over year to 2.7%. Hourly earnings growth was 2.9% which was a cycle high. Therefore, it’s not surprising real wage growth switched from negative to positive in August. As you can see from the chart below,…
Fund Managers Are Bullish On American Stocks
Fund Managers - Bearish Emerging Markets, Bullish On America The Chinese economy seems in a tailspin. Fund managers surveyed by Merrill Lynch expect global growth to fall in the next 12 months. As you can see from the chart below, the September z-score on American stocks is the highest at 1.3. The recent sell off…
In Heavy Skew, Here is What to Do
If you're finding hard to generate returns trading options even when you get the direction right then you'll want to watch this video now. Most options traders don't understand SKEW and why it matters in every options trade you do. Here are the types of trades you can do in this heavily skewed market...
Trade War? Stocks Rally Sharply
Trade War Potentially Simmers Down It's shocking how the trade war situation worked out. The futures market looked weak on Monday night. It seemed inevitable that China would match the tariffs President Trump announced. However, that’s not what happened. China announced it would tax $60 billion worth of American goods between a 5% and 10%…
Consumer Sentiment - Highest Since March
Consumer Sentiment Strong The University of Michigan consumer sentiment report showed consumer sentiment was 100.8 in the preliminary September reading. This beat the average estimate for 97 and last month’s reading of 96.2. It also beat the highest estimate which was 99. This report showed the most optimism since March 2018. Other than that, this…
These Stocks Are Getting Ready to Break Out Now
In tonight's video Corey walks you through a scan of the most compressed stocks in the S&P 500 and highlights how to trade a future breakout from the key support or resistance price levels along with how to set targets for any breakout trade.
Amazon To Sell 8 New Alexa Powered Products
Amazon - Tech Leads Market Lower The FANG stocks are down 15% on average from their 52 week highs. Even though I have been saying Twitter and Facebook are buys for the long term, it’s fair to say I have been wrong as both have continued to fall. Twitter fell 4.18% and Facebook fell 1.07%.…
Industrial Production Growth Solid | Import & Export Prices Decline
Industrial Production Growth Is Solid Since industrial production is a hard data report, it will settle the score on whether manufacturing growth was strong. I was unsure of the situation in August because many soft data reports conflicted with each other. The final tally is manufacturing was solid, but not as amazing as the ISM…
Tech Hammered, But You Should focus on This
Investors rotate out of big tech and into defensive positions in today's market action. Now is the time to know what opportunities present the greatest opportunity. Watch this video to find out...