Trade Update On These 3 Stocks
In tonight's video we discuss key support levels for /ES and /NQ in play as the market rallies up away from daily chart support targets. We follow-up on bullish bounce trades discussed last week in AMZN, MSFT, and AAPL. Note the key levels and adjust open trades accordingly this week.
Earnings Revisions Fall While Stocks Rally - Worst Case Scenario
Earnings Revisions - Estimates Weaken Earnings Revisions - Just because earnings season is over doesn’t mean earnings estimates don’t matter. Since investors are always projecting future cashflows, estimates always matter. They aren’t set in stone. The rate of change of estimates gives us an idea of where the economy is going and where stocks should…
Wage Growth - Solid In August
Wage Growth - Is It Accelerating? Wage Growth - In my last post I gave an overview of the August labor report. I’ll fill in the details with this article. ECRI has been negative on economic growth since late 2017. There was some slowness in Q1, but that was reversed in Q2 as growth was…
These Trades Are In Play Right Now
Stocks explode higher all week ending above the expected move. In this crucial weekend video newsletter update we focus on how you can determine how much risk you're comfortable with. Watch this video newsletter update right now to so you're not blind sided in next week's trading...
2 Year Yield Hits 2.7% For The First Time This Cycle
2 Year Yield - Treasury Yields Soar In the 2 Year Yield, The treasury market reacted to the jobs report which I will review later in this article. The 10 year yield increased 7 basis points to 2.94%. The 2 year yield increased 7 basis points to 2.7% which is the highest yield this cycle. The…
Markets Fall Right on the Edge
Stocks fall to the edge of the expected move for the week once again showing how crucial these levels are we discuss every week. In this crucial weekend video newsletter update we focus on what risks to watch for next week and what opportunities are ahead. For live updates throughout the week join the TotalTheo®…
Social Media Stocks Fall To A 10 Month Low
Social Media Stocks - Momentum Tech Names Sell Off Again Social Media Stocks - My point that Amazon was overbought on Tuesday has been proven correct as the stock is down 3.98% in the past 2 days. It fell 1.83% on Thursday. It was one of many momentum internet names which declined. Apple stock fell…
Private Sector - 163,000 Jobs Added In August
Private Sector Job Creation Misses Estimates Private Sector - The ADP report is used to forecast the BLS monthly jobs report. In May and June the ADP report was below the BLS report. Therefore, when it came in strong in July, economists were expecting a blowout BLS report. Instead, it missed estimates. If the BLS…
Watch These All-Important Levels in Tech
With the /NQ falling from 7,700 to the 7,400 initial target, we update our plan for Friday into next week while discussing potential support plays in AMZN and MSFT against potential breakdowns in GOOGL and FB...
Tech Stocks Crater and Correct As Sandberg & Dorsey Testify In Front Of Congress
Tech Stocks Crater - Sending Overall Market Slightly Lower Tech Stocks Crater - The overall market sold off modestly as it was brought down by tech. The S&P 500 was down 0.28% and the Russell 2000 was down 0.33%. The tech heavy Nasdaq was down 1.19%. The worst sectors were consumer discretionary and tech as…