Equities - Another Record High
Equities - Stocks Ramp Further Equities - This has been an amazing summer for stocks. The party kept going on Wednesday. The S&P 500 was up 0.57% and the Nasdaq was up 0.99%. Amazon stock was up 3.4% which gives it a market cap of $932 billion. Amazon announced it will be unveiling a free…
Q2 GDP Growth Comes In At 4.2%
Q2 GDP Growth - Revised Higher Q2 GDP Growth - Even though Q2 is long gone, we need to review the Q2 GDP revision because the data is now much more accurate. If you only look at the advanced reports, you’ll be missing out on what actually happened. I expected GDP growth to be revised…
Markets Smash Expected Moves Providing these Trade Setup
Stocks breach the weekly expected move on the back of tech sector. Find out the types of trade set ups you may want to consider for the rest of the week...
Stocks Overbought
Stocks Overbought - Increase Slightly Stocks overbought - the S&P 500 was up 3 basis points after giving back some of its early gains on Tuesday. The other indexes were also slightly positive. As you can see from the chart below, the S&P 500’s 14 day relative strength index is at 69.49 which puts it…
Consumer Confidence The Highest Since October 2000
Consumer Confidence - Expectations Improve Consumer Confidence - the consumer surveys are quite volatile and divergent. The University of Michigan survey had its current conditions index fall 5.8% month over month. The latest Conference Board survey, which was released on Tuesday, was the best report since October 2000. Supporting the Conference Board survey are the…
Use This Put Strategy On These Stocks
With the SP500 overbought into 2,900 and AMD extended and retracing, we discuss a put strategy to play the likely pullback mainly in AMD but also in sister stock NVDA. We note current expectations and future short-term targets
Stocks Rally As U.S. & Mexico Form A Preliminary Trade Agreement
Stocks Rally and Ramp On Monday Stocks Rally - Monday was an amazing day for equities as the S&P 500 increased 0.77% and the Nasdaq increased 0.91%. The Russell 2000 was only up 0.16% because the catalyst for the ‘risk on’ trade was the trade deal between America and Mexico. Large caps are helped by…
Global Trade Indicators Improve
Global Trade Indicators Global Trade Indicators - The official trade reports take a few months to come out which is why I can only can say growth slowed from the beginning of the year to May. The official numbers are very important, but if you want up to the minute results, you can review the…
This Is How A Hedge Drives Markets Higher
Stocks explode higher this morning and then flat line for the remainder of the session. In tonight's video newsletter you'll see exactly why this happens and how you can profit from it. Plus find out the trades that are working in today's market...
GDP Estimates - Only 1.96% Q3 GDP Growth Expected
GDP Estimates GDP Estimates - Since we discussed the durable goods report which goes right into GDP, it makes sense to review the latest estimates for Q3. The average of 12 estimates in the GDP rapid recap show growth will be 3.4%. The St. Louis Fed’s Q3 Nowcast fell from 3.69% to 3.64%. The Atlanta…