Tesla Stock Reaches For The Clouds For No Apparent Reason
Tesla Is On A Rampage Monday was all about Tesla. There was an article on Tech Crunch that was titled “Tesla Shares Rally For No Reason.” This is a big deal because Tech Crunch isn’t a stock website. Tesla shares were up 11.2% on Monday for no reason like the article said. To be clear,…
Are Consumers Going To Be Ok This Fall?
Delinquencies Fall Sharply This was a unique recession because many who are poor and middle class actually made more money from unemployment insurance than they would normally earn from their jobs. As you can see from the chart below, 1.4% of American Express’ loans are 30 days past due. That’s down from 1.7% earlier this…
Insanely Low Volume with Markets at Highs
Markets continue to grind higher on the back of fewer stocks. Tonight Don will show you which sectors to keep an eye on this week. Volume today was very low as TD Ameritrade was down for most of the trading day in the biggest and longest outage in the firms history. Open a NEW tastyworks…
No Record High Again - Euphoria Remains
No Record High Friday A record high seemed to have been all but assured this week, yet it didn’t happen. Considering how much stocks rallied on Wednesday, there is obviously resistance at the February 19th high. It’s not a coincidence that the S&P 500 rallied sharply on Wednesday, but stopped right before the record and that…
V Shaped Recovery Is In
V Shaped Recovery In Retail Sales It was wrong to be so negative on July’s economic data. Even though headline retail sales growth missed estimates, it was a pretty good report. We're still calling for a cyclical recovery. If August’s data is better than July’s it will be really good. We already saw how solid…
Big Bond Traders are Back
Bonds on the move-- Rates move higher, XLF stalled-- Buying bond volatility-- Utilities- get ready to move people SlopFEST!-- A/D line rising with markets falling Backspreads and Gamma Irons --- Long Gamma and Vol-- IV buyer - Long Gamma-- IWM, LULU, SPY, GLD-- NFLX SPX Expected Move--last week-- 63.05 (expected move)--next week-- 64.02
Apple & Tesla Keep On Winning With No End In Sight
No Record High On Thursday: Small Cap Value Underperforms The stock market delayed a new record high one day by falling on Thursday, but the hottest stocks continued to win. It appears small cap value’s outperformance streak ended at 3 days. This streak went from last Friday to this Tuesday. Every time small cap value…
Big Labor Market Improvement
Strong Jobless Claims Prediction for a strong labor market in August looks good as the jobless claims report from the week of August 8th showed a lot of improvement. BLS report’s survey week is next week’s jobless claims report. As long as it shows more improvement, we could end up with better job creation in August…
Your Mid-August Sector and Stock Check-up
As we approach the halfway point of August 2020, let's take a moment to spot which sectors are the strongest and providing the best opportunities at the moment. In tonight's video, Corey walks you through the nine sector ETFs and highlights which is showing the best relative strength and weakness at the moment and how…
Retail Bonanza As Tesla Spikes
Huge Wednesday Rally Some investors thought the sharp reversal on Tuesday afternoon was a key signal. That was a mistake as the market had a huge rally on Wednesday for seemingly no reason. S&P 500 was up 1.4%, the Nasdaq was up 2.13%, and the Russell 2000 was up 0.52%. Mega cap growth stocks destroyed…
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