Weak April Labor Report
Headline April BLS Report Misses Estimates April was another weak month for the labor market. Despite the strong ADP report, the BLS report only showed 164,000 jobs created as you can see in the chart below. The consensus estimate was for 191,000 jobs created. This caused the unemployment rate to fall 3.9% which was below…
Flip the Iron Condor in Today's Market
Stocks end the day flat as POTUS announces the withdraw of the Iran deal as expected. Historical volatility continues to be greater than implied volatility giving traders an opportunity to flip the iron condor the other way. Watch tonight's video newsletter update for trading opportunities and an overlooked earnings announcement you'll want to be aware…
Stocks At A Critical Juncture As Support & Resistance Converge
President Trump Will Decide On Iran Deal On Tuesday The S&P 500 was up 0.34% on Monday and the Russell 2000 was up 0.89%. There was a modest pullback in the afternoon which some blamed on Trump’s tweet which stated he will announce his decision on the Iran deal at 2:00 PM tomorrow. If you think the President will continue…
Trade Setups for the Week Ahead
We have been mentioning the 2682 level over and over again in these videos and once again the market hit that level and sold off. Watch tonight's video newsletter update for lots of trading opportunities you won't want to miss...
Weaker Than Expected ISM Non-Manufacturing Report
Another Disappointing ISM Report The April non-manufacturing ISM PMI was 56.8 which missed expectations for 58.4. Just like the manufacturing ISM report, it even missed the low end of the range which was 57.3. I’m starting to look for some signs of green shoots in the economy, but we aren’t seeing any in the ISM…
This is the Driving Force in Today's Markets
Stocks rally on Friday as the bulls and bears bat this market around again. In this crucial weekend video newsletter find out what to expect from the market next week. Watch this video right now for the trading opportunities in this market you can't afford to miss...
Elon Musk Blows Up On Call Saying Questions Were “Boring” & “Not Cool”
Tesla Reports The Usual Losses Tesla reported a relatively normal quarter for the company. It’s used to reporting major losses as it ramps up its production of the Model 3. The goal is to get to 5,000 cars produced per week. The firm lost $3.35 in EPS which actually beat estimates by 6.5 cents. The…
Stay With These Trades in This Market
Stocks sell off in the morning and rally by end of day. Market are blowing past their expected moves telling us that the market is having a very difficult time accessing risk. Watch this video right now for the trading opportunities in this market you can't afford to miss...
Fed Maintains Rates & Stocks Fall
Fed Maintains Rates Heading into this rate decision, I expected a hawkish hold. At this point in the cycle, any meeting that doesn’t have a hike is expected to have hawkish language. Probably in 2019 or 2020, the Fed will turn off the spigot of rate hikes, but not yet. As expected, we didn’t get…
Volatility Languishes But is Risk Coming?
No previous day has so clearly shown that only a few stocks are holding up the market than today. Despite 80% of the S&P 100 stocks being lower today AAPL and FB was able to keep the market from real selling. Watch this video right now because although volatility hasn't be lit let's look to…