JP Morgan Beats Estimates, But Citi Misses On Revenues

JP Morgan - Slight Decline In Overall Stocks In the week where the S&P 500 is likely to reach a new record high, the market started with a dud on Monday. S&P 500 fell 6 basis points, Nasdaq fell 0.10% and Russell 2000 fell 0.36%. VIX increased 2.58% to 12.32 which is still extremely low.…

Gas Prices Rise 63 Straight Days

Gas Prices - Very Mixed Empire Fed Survey Before getting into gas prices, we'll review the Empire Fed Survey. Manufacturing sector is the weakest part of the global economy and the American economy. Biggest upcoming positive catalyst for this sector is probably the trade deal with China. That could help growth resume in the 2nd half…

Let the Earnings Trades Begin with Netflix

Earnings season is upon us and NFLX kicks it off for technology tomorrow. As we start earnings season it is crucial you watch this video right now so you understand the 4 trading strategies around earnings. I'll build one earnings trade in tonight's video and we will hone in on this trade tomorrow in the…

Big Friday Rally Puts The S&P 500’s Total Return At A Record High

Big Friday Rally - Market Inches Towards Record High The stock market rallied hard on Friday as S&P 500 had its 3rd straight weekly gain. S&P 500 increased 0.66% to 2,907.41. On a total return basis, the market hit a record high. The highest close in September was 2,930.75, meaning a record high excluding dividends is…

Leading Index Yearly Growth Rate Turns Positive

Leading Index - Strong Chinese Exports, But Imports Fall Leading Index - China is starting to turn around as the government stimulus is working. Dollar denominated exports increased 14.2% in March on a year over year basis. That almost doubled estimates for a 7.3% increase. The weak part of this trade report was that imports…

A Docile Market But for How Long?

After a docile week in the markets find out what to expect next week. Lots of opportunity as earnings season has just started. In this crucial weekend video newsletter we hone in on the financials and big tech. These two are the biggest sectors in the stock market and hold the key for the markets…

Financial Earnings in Play Tomorrow

What opportunities are we spotting in the XLF Financial Sector with big names JP Morgan (JPM) and Wells Fargo (WFC) reporting earnings Friday morning?  Corey highlights these stocks and key levels to trade as we begin the Q2 earnings spree...

2% Core CPI Matches Fed’s Target

2% Core CPI - Stocks Rebound On Wednesday So much for the potential correction because stocks were overbought. On Wednesday, S&P 500 rallied 0.35%, Nasdaq increased 0.69%, and Russell 2000 increased 1.4%. The market is once again within striking distance of its all-time high. It might even reach that level next week. S&P 500 needs…

Housing Purchase Applications - 13% Yearly Growth

Housing Purchase Applications - Fed Minutes Consistent With Previous Statements Before getting into Housing Purchase Applications, let's discuss the recent Fed minutes. Fed did its job early this year by becoming move dovish in the face of weak economic reports. Current policy is in the sweet spot where inflation won’t spike and the economy probably will…

How Overbought are these Stocks?

The markets had no reaction after the Fed minutes and ECB rate decision came out. The ECB kept rates at 0% whereas the Fed said they will wait and see. As we move into earning’s season we need to look at just how overbought stocks are after a historic run in Q1. Here are the…

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