Skies Are Clear For Stocks To Rally

A New Record High For Equities The stock market is done with worrying about the coronavirus. With that in the rear-view mirror, suddenly the sky looks clear for a rally because the economy is turning around, inflation is low, there is no risk of a hawkish Fed (it’s only uncertain how many times it will…

Improved ISM PMI & Strong ADP Report

Another ISM Beat Before getting into the non-manufacturing ISM report, here’s an interesting fact. The 5 month period where the manufacturing ISM PMI was below 50 marks the 4th longest streak since 1950 where the manufacturing sector was in contraction outside of a recession. Bears calling for a recession were wrong. That’s very clear now that…

Has Risk in Markets Really Subsided?

Stocks explode higher breaching the expected move for the week for the 4th consecutive week. Will this breach hold the rest of the week? Don't miss this newsletter update for the incredible trading opportunities to come…

Tesla Has Gone Euphoric & Coronavirus Correction Is Over

Coronavirus Correction Nearly Reversed It’s clear markets are looking past the coronavirus. S&P 500 rallied 1.5% on Tuesday which put it back near striking distance of the record high it hit last month. And S&P 500 is only down 0.96% from its recent peak. As expected, the virus wasn’t a lasting negative catalyst.  Airlines rallied…

ISM Manufacturing Production Index Improves The 2nd Most In 20 Years

Much Improved ISM PMI January manufacturing ISM PMI was 50.9. That was up from the revised 47.8 (from 47.2) in December and beat estimates for 48.7. It beat the highest estimate which was 50. It was expected to come near 49.5, so itwasn’t far off. It's surprising there weren’t higher estimates Especially since regional Fed…

Your Plan for More New Highs and Stocks Leading the Way

While the S&P 500 fell just shy of a new all-time high, the tech-heavy NASDAQ did break to yet another new high with key tech stocks leading the way.  What's your game plan for this ongoing activity?  And more importantly, which strong stocks joined the market at new all time highs?  Join Corey for tonight's…

China & Copper Crater While Tesla Soars (Again)

Big News Day For Markets Monday was definitely the most interesting day of the year for markets. Tesla stock exploded higher. ISM manufacturing PMI beat estimates substantially. Alphabet reported earnings. Chinese stock market re-opened following its holiday close. Iowa Democratic caucus occurred. U.S. stock market reversed course after selling off on Friday. And commodities fell…

Leading Index Spikes Showing 2020 Economic Growth Acceleration

Consumers Very Confident In Stocks January University of Michigan consumer confidence index wasn’t surprising. It was strong just like the Conference Board and Bloomberg consumer confidence indexes. The overall index rose 0.5 to 99.8 (up 0.7 from the 1st half of the month). Current conditions index fell 1.1 to 114.4 and the expectations index rose 1.6…

Rally Back or More Selling?

In today’s video, Don questions if we are looking for a rally back or more sell side activity in the days and weeks to come?  Don also suggests that we will see more volatility this week as there seem to be things, in the big picture, that just don’t seem right.  Don’t be surprised if…

Stocks End January On A Low Note

Causes Of The Decline (Coronavirus/Sanders) January 2020 looks a lot like January 2018. There was volatility at the end of each month as the market had previously reached a euphoric state. This current decline is occurring during earnings season, just like 2 years ago and just like 2018 earnings aren’t the reason stocks are falling. …