Jobs Report Misses Badly, Stocks Shrug
As expected, the employment report was severely impacted by the hurricanes. It was hurt much more than I thought or what the consensus expected. The expectation was for 90,000 jobs created, but the results were a 33,000 decline. Not only was September’s number weak, but the combined revision of the past 2 months was 38,000…
Record Low VIX
Record Low VIX Close Thursday was another fantastic day in the stock market as all major indexes were up and hit record highs. The VIX was down 4.57% to 9.19. As you can see from the chart below, that’s the lowest close since 1990. Not only have we had the lowest close ever this year,…
Markets Pushing the Pain, plus AAPL Trap Entry
In this video newsletter update we look at how the bulls are driving bears to the brink. Plus a Trap Trade set up has materialized in AAPL. Watch the video for the trade in AAPL. Plus if you want to learn more about the Trap Trade join Doc Severson on Saturday by signing up…
Neel Kashkari Is Pumped By Gundlach
Neel Gets A Brief Surge Before Falling Wednesday was a very interesting day for the Fed prediction market because Neel Kashkari made his debut. This was spurred by Jeffrey Gundlach’s interview on CNBC where he named Neel as his non-consensus pick. The ironic part of this is that his non-consensus pick became the consensus pick…
An Analysis Of The ISM Results
Manufacturing ISM Because of how remarkable the manufacturing ISM report was there were many extra analytical charts created which I didn’t get to. Let’s look at some more analysis of the manufacturing economy before moving on to the news of Wednesday which was the ISM non-manufacturing report which many consider more important because the services…
The Right Trade for this Market
In this video newsletter update we look at the best way you can go long in this market. This is a trade set up that we have been using effectively recently to get long a one way market that contains a lot of risk. Remember to always think risk first, reward second. Watch the video…
The Animal Spirits Are In Full Force
The stock market had another move higher on Tuesday as my near term bearishness on the small caps and microcaps has been proven incorrect. The Russell 2000 - RUT is now up 8 straight days and the IWC microcap index is up 29 out of the past 31 days. We are certainly in one of the calmest…
Warsh Still Leads The Fed Race
Powell Versus Warsh The movement in the betting market for who will be the next Fed chair was sharp on Tuesday as news leaks out about who President Trump is considering. I’ve long been high on Warsh being picked and pessimistic on Cohn and Yellen’s odds. That perspective has proven to be accurate as on…
Trading the Trap Trade entry on DAL
Stocks continue to drip higher today. In this video newsletter update we look at a trade opportunity called The Trap Trade. This is a trade set up that we have been using effectively recently. Watch the video for a Trap Trade opportunity in DAL. To learn more about the Trap Trade join Doc Severson on…
ISM Shows Manufacturing Is At A 13 Year High
In an unusual circumstance, the ISM manufacturing index was one of the most discussed topics in the financial world because it hit its 13 year high. This led to much more analysis done on the report than usually occurs. The ISM saying manufacturing is the strongest in 13 years is a major proclamation which can…