Stocks Fall Despite Mostly Great Earnings
Stocks Fall Slightly As Tobacco Has A Bad Day On Thursday, the S&P 500 closed down 0.57%. American Express was up 7.6% and Amazon was up 1.9%, but the consumer staples stocks were slammed as they were down 3.14%. The sector had a rough day because Phillip Morris reported a weak quarter as the heat not…
Trade War Is The Biggest Tail Risk
Empire State Index Is Very Disappointing The general business activity reported in the April Empire State Index was ok as it fell from 22.5 to 15.8. This missed expectations for 18.2. This decline signals the manufacturing index is weakening from the rapid growth pace seen in Q1. The new orders index was even weaker as…
Rising Rates and a Low-Volume Rally, With No Forward Risk Priced In
Rates jumped higher today and stocks didn't react well. In this video newsletter update find out what kind of options strategies you should be using and what to expect tomorrow. Watch this video right now so you're not blind sided by the market...
The S&P 500 Is Close To Breaking Out Of Its Recent Downtrend
Stocks Rally Slightly On Wednesday This week has been great for equities as they rallied Wednesday again. It was a much smaller rally than the prior two days as the S&P 500 was up 0.08%. The chart below is my basic technical analysis which shows that the market has been making lower highs. The S&P 500…
Financials Have A Weak Earnings Season Despite Headline Beats
FAANG + BAT Considered The Most Crowded Trade The chart below shows the fund manager survey which asks what the most crowded trade was in April. As you can see, long FAANG and BAT was said to be the most crowded although it lost ground, falling to 33%. With NFLX’s rally on Tuesday after its subscriber beat,…
Stellar Earnings but this Sector is Slipping Fast
Bulls continue to frustrate bears as stocks head higher. However, this one crucial sector is slipping. Watch this video right now for the trading opportunities next week you can't afford to miss...
Investors Are Very Overweight Cash
Stocks Rally On Tuesday This week is shaping up well as the S&P 500 increased 1.07% on Tuesday, meaning it is 3.75% off the February 8th low. I still think the recent high of 2,787 is important. The S&P 500 is now 81 points away from that mark. The earnings season looks like it may actually be…
Netflix Beats Estimates Causing The Stock To Soar 9%
Netflix Is Spending To Grow Let's look at the earnings of all the TFAANG names because they are the market leaders. It will be tough for the S&P 500 to make a new all-time high if the momentum growth stocks don’t rally. Netflix is the poster child for this segment because it has a high…
Will IBM Spoil the Tech Party?
Stocks hit a critical juncture today as multiple technical patterns and indicators converge and this key level. Will the market break out to new highs or is this a sucker's rally? IBM had their earnings announcement after the close and the stock has fallen by 1 standard deviation. Watch this video right now to find…
Yield Curve Flattens & GDP Estimate Falls To 1.9%
Stocks Rally On Monday Investors were dismayed on Friday because 3 of the top banks beat earnings estimates, but stocks still fell. Then the Syrian air strikes were announced which made some, such as myself, think stocks would fall again on Monday. However, stocks were able to rebound as the S&P 500 was up 0.81%. This led the S&P…