2020 Is The Year Of Extreme Greed

Euphoria Keeps Going With the great housing starts and mediocre industrial production reports out, stocks rallied on Friday like they seem to do almost every day. This rally has been very impressive. As of Thursday, the 14 day RSI was at 74.59. Usually, when it’s over 70, it means stocks are ready for a correction.…

Warm December Weather Hurts Utilities & Helps Housing

December Was Hot It’s very important to understand that December was a relatively hot month because it impacts December’s economic data. Specifically, utilities production fell because of hot weather and housing boomed. It was particularly hotter than average in the South which is the nation’s largest housing market. The map below shows the average temperature…

Are Signs of a Market Bubble Everywhere?

Stocks push to an all time high as the S&P closes above its expected move for the first time in an incredible 23 weeks. In this crucial weekend video newsletter update Don looks at 30 years worth of market data to try to determine if this market is in a bubble. Watch this video now…

OK December Retail Sales: 2.2% Q4 GDP Growth Incoming

Weak PPI Report Signals No Rate Cuts Just like headline CPI, headline PPI was up because of energy prices. It increased from 1.1% to 1.3% which met estimates. Commodities inflation has been low in the past few years as most inflation has been coming from wages. PPI excluding energy and food fell from 1.3% to…

The Rally That Never Ends

Stocks Increase On Earnings & Economic Data Stocks increased yet again on Thursday as this has been a great start to 2020 for the market. There were some earnings reports and a few economic reports that must have pleased investors. The retail sales report wasn’t bad or great. Maybe that’s enough to satisfy investors. The…

Expected Move Continues to Drive Markets

Stocks explode higher to the edge of the expected move.  Once again the options market is driving the stock market.  Here's why this happens and how you can recognize the opportunities in this market...

81% Of S&P 500 Firms Have Beaten Q4 EPS Estimates

Very Slight Increase On Wednesday Wednesday’s action was interesting. Mostly because the market’s morning gains were quickly wiped away in the afternoon. Especially as it looked like a real selloff was coming. However, the market rebounded in the last few minutes. Many were expecting the beginning of the sharp decline that we've waiting for, for…

Target Has A Bad Holiday Shopping Season

Solid Redbook Growth, But Target Misses Estimates In the week of January 11th, Redbook same store sales growth was 5% which fell from 6.1%. That’s still strong growth though as the first half of the month looks solid. Based on the initial data points, it’s possible seasonally adjusted yearly retail sales growth in January is…

Which Stocks Join Market for Another New High?

Another day, another new stock market high.  But what stocks in the SP500 specifically are joining the market, holding up the market, and what does it mean?  In tonight's video, Corey updates new levels for the broader indexes along with tactics for trading these trending stocks at new 52-week or all-time highs...

Volatility Died As Large Cap Tech Dominated

Slight Decline On Tuesday The stock market fell slightly on Tuesday, although, small caps rallied. It’s ironic that small caps rallied and outperformed on the same day the NFIB small business index fell. To be clear, small firms in the NFIB survey aren’t large enough to be in the Russell 2000. And the decline in…

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